Australian LNG operator Woodside tells nervous investors plans into the future involve multiple oil and gas projects
Woodside Energy, the operator of two liquefied natural gas export plants in Western Australia and other oil and gas assets from the US to Africa, said it had three main strategic goals in the years ahead to supply energy as current production is not enough and large new investments are needed to bring additional fields on stream.
Australian LNG operator Woodside reports drop in revenues hit by lower prices and fall in output
The leading Western Australia liquefied natural gas plant operator Woodside Energy reported a 13 percent drop in second-quarter revenues from a year ago as realised LNG prices dropped along with oil and natural gas production volumes.
Woodside in GoM
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.
