LNG

Western Australian LNG plant operator Woodside has completed the acquisition of the entire participating interest of Australian energy company FAR Ltd in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture in Senegal.

Woodside Petroleum, the Western Australian operator of two LNG export plants, posted a plunge of more than 33 percent in 2020 LNG sales revenues after the roller-coaster price movements in the year of Covid-19.

Woodside, the Australian LNG plant operator and Kitimat LNG shareholder in Canada, said it received a decision from the International Court of Arbitration of the International Chamber of Commerce in the arbitration initiated by FAR Ltd against Woodside.

Australian liquefied natural gas operator Woodside said it had submitted its plans for the Sangomar Field Development project offshore Senegal, the West African nation also participating in separate floating LNG projects led by BP of the UK.

Woodside Petroleum, the Australian liquefied natural gas developer, said it was moving forward with its front-end engineering design activities for its joint venture offshore Senegal in West Africa where BP and other companies are developing floating LNG projects.

Australian exploration and production company Far Ltd., which is in dispute with LNG producer Woodside Petroleum over a licence stake offshore Senegal, said it received confirmation of increases in equity for other West African licences it has shares in offshore Guinea-Bissau.

Woodside Petroleum, the largest Australian LNG producer, has finally completed its entry into the new oil, gas and LNG province offshore Senegal in West Africa after receiving government approval despite plans by another Australian energy company to seek international arbitration in a dispute over the Woodside buy-in.

The entry of Woodside Petroleum, the largest Australian LNG producer, into the oil, gas and LNG province offshore Senegal in West Africa, has been delayed by a dispute with another Australian energy company.