Australia’s largest independent natural gas and oil producers honed in on optimizing value for LNG exports and progressing gas field development projects in the second quarter while navigating domestic supply shortages. The recently renamed Woodside Energy Group Ltd. and Santos Ltd. both reported continued elevated pricing for liquefied natural gas (LNG) despite demand destruction in…
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Woodside Weathers Production Issues, ‘Volatility’ with Heightened Oil, Gas Prices
Woodside Petroleum Ltd. management said a combination of maintenance, weather and geopolitical tensions impacted its oil and gas production and sales during the first quarter. However, heightened prices – especially for liquefied natural gas (LNG) – kept revenues strong. The Australian producer saw a mix of boons and setbacks with its gas businesses during the…
April 29, 2022
Woodside Sanctions $12B Scarborough LNG Project in Australia
Woodside Petroleum Ltd. said Monday that it would go ahead with the $12 billion Scarborough liquefied natural gas (LNG) project, sanctioning a large dry gas field off the coast of Western Australia and an expansion at its Pluto export facility. The Scarborough field is about 230 miles off the coast. It would feed a second…
November 22, 2021
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