Australian LNG operator Woodside confirms surging profits and revenues as well as significant tax paid
Western Australian LNG operator Woodside Energy confirmed a first-half net profit after tax (NPAT) of US$1.64 billion with operating revenues surging 132 percent to US$5.81Bln after a more than doubling of commodity prices.
Woodside starts Greater Western Flank project production for Karratha gas and LNG plant
Woodside Petroleum, the operator of the North West Shelf LNG export plant in Western Australia, said that the Greater Western Flank Phase II venture off the northwest coast has commenced feed-gas production to help expand the lifespan for LNG and domestic volumes.
BHP reports on LNG
Oct 17 (LNGJ) - BHP Billiton, the Australian commodities company with substantial oil and gas assets, said its natural gas production increased by 5 percent in the third quarter to 112 billion cubic feet, reflecting increased volumes in Trinidad, an LNG producer. The company also has a 17 percent stake in the oldest Australian LNG export plant, the Northwest Shelf facility in Western Australia, operated by Woodside. BHP said that the Greater Western Flank project to extend LNG production at that facility was now 95 percent complete. BHP is also selling its onshore US shale assets. “Completion of the sale of BHP’s interests in the Eagle Ford, Haynesville and Permian onshore US oil and gas assets to BP America is expected to occur by the end of October 2018,” it stated.
US engineer McDermott completes Western Australia project to boost Woodside LNG plans
McDermott International, the US energy engineering company that this year completed the take over of US peer Chicago Bridge and Iron, said it completed phase two of the Greater Western Flank project Phase II to help boost LNG output in Western Australia.
