Woodside Energy, the Australian operator of the North West Shelf and Pluto LNG plants in Western Australia, reported an increase in quarterly revenues due to higher realised prices and supported by record full-year production.
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.
April 21 (LNGJ) - Woodside Energy, the operator of the Northwest Shelf and Pluto LNG export plants in Western Australia, reported an 81 percent surge in first-quarter revenues to US$4.33 billion versus US$3.39Bln in the same three months of 2022. However, the income fell 16 percent from US$5.16Bln in the fourth quarter of 2022, according to the Perth-based company’s quarterly activities report.
Woodside reported that the Scarborough gas field and the Pluto LNG Train II projects were now 30 percent complete with the export trunkline 86 percent finished and first concrete poured for the second Pluto Train. The drilling programme for the Sangomar oil project offshore Senegal progressed with 10 of 23 wells complete. “The Sangomar floating production storage and offloading (FPSO) topsides and pre-commissioning works continued in Singapore,” it added.
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.
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 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.
Woodside Petroleum, the West Australian-based operator of the North West Shelf and Pluto LNG export plants, has decided to exit its 50 percent non-operated participating interest in the proposed Kitimat LNG (KLNG) development, located in British Columbia and previously more advanced than the LNG Canada joint venture.
Woodside Petroleum Acting Chief Executive Meg O’Neill said liquefied natural gas sales revenue in the first quarter of 2021 jumped 22 percent versus the end of 2020 and the Western Australian liquefaction plants operator achieved record spot LNG cargo prices.