The Japan Bank for International Cooperation (JBIC) has signed a US$1 billion loan agreement to help finance the Scarborough Gas Project in Western Australia to provide feed-gas supplies for the Train II development at Pluto LNG operated by Woodside Energy.

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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.

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The Supreme Court of Western Australia has dismissed two proceedings brought against the Chairman of the state’s Environmental Protection Authority challenging the Pluto LNG and Karratha Gas Plant environmental approvals made in 2019.

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Woodside Petroleum, the operator of the North West Shelf plant and Pluto LNG in Western Australia, reported full-year net profits of US$1.98 billion versus a loss of US$4.28Bln in the previous year and two major liquefaction plant maintenance turnaround are scheduled for 2022.

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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.

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Australian LNG plant operator Woodside Petroleum posted an annual net loss of US$4.02 billion, including non-cash impairments, as the LNG price plunge in 2020 cost the company US$1.50Bln in revenues.

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Friday, 29 January 2021 08:32

Woodside gas deal

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Jan 29 (LNGJ) - Woodside Petroleum, the Western Australia LNG plant operator, said one of its subsidiaries, Woodside Burrup Pty Ltd, and the North West Shelf (NWS) LNG shareholders have finalised arrangements with the State Government enabling the supply of Pluto LNG feed-gas, via an interconnector pipeline, for processing at the NWS Karratha Gas Plant (KGP).

   “Connecting the Pluto and NWS facilities accelerates the production of offshore Pluto gas and provides flexible access to emerging LNG processing capacity. The Pluto-KGP interconnector is the first step in realising our vision for a regional LNG hub on the Burrup Peninsula,” said Woodside Chief Executive Peter Coleman.

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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.

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Western Australian LNG operator Woodside again demonstrated its public transparency by declaring that it paid A$583 million (US$435M) in corporate taxes in Australia for the previous fiscal year and a total of A$10 billion in taxes and royalties over 10 years.

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