LNG

Woodside Energy, the key supplier of LNG to North Asia from two operated plants in Western Australia, has shrugged off the rejection at its annual meeting in Perth of a non-binding vote on its climate change policies as several politically-motivated pension funds and advocacy groups voted against it as not going far enough.

JERA Co. Inc, Japan’s biggest liquefied natural gas importer and utility company, has agreed to acquire a large stake in the Scarborough gas field development offshore Western Australia from Woodside Energy for US$1.5 billion, giving a financial boost to the Pluto LNG expansion.

Woodside Energy, the Western Australian LNG plant operator with global oil and gas interests, expects to recognise non-cash, post-tax asset impairments amounting to around US$1.50 billion with US$1.20Bln related to the Shenzi asset, the deepwater oil and gas fields in the Gulf of Mexico, and the remainder for Wheatstone LNG.

Woodside Energy, the operator of the Northwest Shelf and Pluto LNG plants in Western Australia, has received a boost for one of its main overseas ventures, the Sangomar project offshore Senegal in West Africa, with the sail-away from Singapore of the “Léopold Sédar Senghor” floating production storage and offloading (FPSO) facility.

Woodside Energy, the Australian LNG plants operator with overseas assets in the US and Senegal, and UK major Shell are moving forward with separate oil and gas project, the Trion joint venture for Woodside and Shell’s Sparta deep-water development located in the Mexican and US portions of the Gulf of Mexico.

Woodside said it awarded a major contract to Mexican company Eseasa Offshore SA to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico.

Woodside operates the Gulf of Mexico field, located in a water depth of 8,202 feet (2,500 metres), with a 60 percent stake while state-owned Petroleos Mexicanos (Pemex) holds the remaining 40 percent of the field discovered in 2012.

Support role

“The Mexican owned and operated company demonstrates the great capacity available in-country to support a world-class oil and gas project like Trion,” said Woodside Vice President for Trion Stephane Drouaud.

“It also reinforces Woodside’s commitment to investing locally and ensuring that the economic benefits of our investment in Trion are felt as broadly as possible across Mexican suppliers,” Drouaud stated.

“Eseasa will provide a broad range of services out of its shore base location on the Panuco River coastline The award of the contract is critical as we continue to progress the Trion project toward first oil in 2028,” he added.

Eseasa’s scope of includes shore base infrastructure, operations planning and management for vessel mooring, loading and discharge and freight and material management and dedicated laydown and staging areas.

Shell Offshore Inc., a subsidiary of London-headquartered Shell plc, said a final investment decision has been made the for Sparta field, a deep-water development in the US Gulf of Mexico that represents a “competitive approach” for Shell to simplifying and replicating projects.

Shell and Equinor

Shell Offshore owns 51 percent of Sparta and is the operator and Norway’s Equinor owns the remaining 49 percent.

Sparta is expected to reach a peak production of around 90,000 barrels of oil equivalent per day and currently has an estimated discovered recoverable resource volume of 244 million boe.

Sparta will be Shell’s 15th deep-water host in the Gulf of Mexico and is currently scheduled to begin production in 2028.

“Shell’s latest deep-water development demonstrates the power of replication, driving greater value from our advantaged positions,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.

“This investment decision is aligned with our commitment to pursue the most energy-efficient and competitive projects while supplying safe, secure energy supplies today and for decades to come,” she added.

Shell explained that Sparta was building on more than 40 years of deep-water expertise and marks Shell’s first development in the Gulf of Mexico to produce from reservoirs with pressures up to 20,000 pounds per square inch.

The Sparta development spans four Outer Continental Shelf blocks in the Garden Banks area of the US Gulf.

“Sparta will feature a semi-submersible production host in a depth of more than 1,400m/4,700ft of water, initially with eight oil and gas producing wells,” Shell said.

Woodside Energy, the operator of the Northwest Shelf and Pluto LNG export plants in Western Australia, is widening its oil and gas activities in the Gulf of Mexico by moving forward with a joint venture costing more than US$7-billion in partnership with Petróleos Mexicanos (Pemex), the state-owned energy company.

Woodside Energy Chief Executive Meg O’Neill said liquefied natural gas and oil and gas production were the keys to Australia's future and outlined a three-point plan for the nation  to progress while taking care not to be undermined by climate extremists.

April 14 (LNGJ) - Woodside Energy, the operator of two LNG export plants in Western Australia, has announced the start-up of the BP-operated Mad Dog Phase II project costing $9 billion from the Argos offshore facility in the deepwater US Gulf of Mexico. Woodside holds a 23.9 percent non-operated interest in Mad Dog through its acquisition of BHP Petroleum.

   Woodside Chief Executive Meg O’Neill said the production start-up from Mad Dog Phase II demonstrated the ongoing value being delivered by Woodside’s merger with BHP’s petroleum business in 2022. “Mad Dog is one of several low cost producing assets for Woodside in the region with significant expansion potential and in close proximity to infrastructure and attractive markets,” added O’Neill.

Woodside Energy, the operator of the Northwest Shelf LNG plant and the Pluto LNG facility in Western Australia, posted soaring annual net profits because of higher prices and the benefits of the merger with commodities giant BHP’s petroleum business.

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia as well as other oil and gas assets, reported soaring second-quarter revenues and increased production, helped by the contribution from BHP’s acquired petroleum business.