LNG

Woodside Energy, the liquefied natural gas plants operator in Western Australia, reported a second-quarter increase in LNG sales revenues from the Pluto, Northwest Shelf and Wheatstone operations even at lower prices.

Woodside Energy, the operator of the North West Shelf and Pluto liquefied natural gas LNG plants in Western Australia, reported a plunge in third-quarter revenues as LNG prices dropped from the record levels of last year though increased by 6 percent from the previous three months of 2023 as Woodside also suffered a regulatory setback on the Scarborough gas project.

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.

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 Petroleum, the operator of the North West Shelf and Pluto LNG export plants in Western Australia, said first-quarter LNG sales revenues increased to US$2.04 billion from US$838 million in the prior-year quarter as plans advanced for liquefaction and feed-gas expansions.

Woodside, the Western Australian LNG exporter, posted a record US$2.35 billion of LNG sales in the fourth quarter, more than tripling the results of US$607 million in the prior-year quarter as prices sky-rocketed.

Woodside Petroleum, the company with stakes in three Western Australian liquefied natural gas plants, reported a more than 40 percent plunge in sales revenues to US$738 million from US$1.24 billion in the year-ago quarter as the average realized LNG price dropped.

Woodside, the operator of two Australian liquefaction plants and with a stake in Kitimat LNG project in Canada, said its LNG processing hub on the Burrup Peninsula of Western Australia was taking shape as the Perth-based company recorded lacklustre earnings hit by low prices and operational issues.