News Articles for Woodside Energy

Australia's carbon market has been through a tumultuous two months, but local players are positive about long-term growth.

Woodside's sales revenues were down 17 per cent for the first quarter of 2022 as the Russia-Ukraine conflict stoked LNG prices but hampered trading activity.

WA, and the Pilbara in particular, stand to benefit from federal budget funding for ‘transformational' projects.

Scott Morrison has used his trip to Western Australia to announce grants for eight businesses in the mining and energy sector, with the biggest grants going to two new hydrogen hubs.

Woodside Petroleum has been offered a pipeline licence, and received approval for its field development plan, for the Scarborough to Pluto Train 2 LNG project.

Petrofac has been awarded a $325 million decommissioning contract for the stranded oil production vessel, while federal parliament has imposed a levy on the industry to foot the bill.

A likely change of power in Canberra this year will have little bearing on the makeup of WA's political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.

Woodside Petroleum's solar thermal commercial demonstration plant in California is moving forward, while it has agreed with partner Heliogen to market the technology in Australia.

Woodside hopes to make ethanol from carbon emissions through a deal with two US businesses, while BP recently signed Honeywell for green diesel technology at the old Kwinana refinery site.

Some of Australia's biggest companies have opted into an emissions reduction reporting scheme that should show whether cuts match their public commitments.

The state government will draft a framework for local carbon capture and storage, while it works on its own plans for a 2030 emissions target.

WA has a $40 billion investment pipeline in oil and gas, while the Browse project may be gaining momentum.

The Supreme Court has thrown out two appeals by the state's conservation council to review the approval of Woodside's $16.5 billion Scarborough project.

WA's closed border policy is creating barriers for business, with recent moves by Wesfarmers a possible portent of major change.

Higher prices have boosted profits at Woodside Petroleum to nearly $US2 billion, more than double the previous year.

Woodside's new leadership team will be split across Perth and Houston and include five BHP executives, in line with the merged entity's elevated global profile.

Billions of dollars of developments have waited years for approvals as regulators become more conservative and appeals add to delays.

Perth engineering company Monadelphous has secured a number of new contracts and extensions, including with Woodside and South32.

Engineering and design work on a multi-hundred-million-dollar future fuels plant planned by BP in Kwinana could start within months.

Wesfarmers, Mineral Resources, and Woodside were among the most notable WA-based political donors in the most recent financial year, with contributions of about $680,000 between them.

Woodside has elected to withdraw from its Myanmar operations after nearly a decade amid the country's deteriorating human rights situation.

Higher sales volumes and LNG prices have dramatically boosted Woodside's revenue, with the company also reversing US$582 million of past impairments..

The Australian Hydrogen Conference will come to Perth in November 2022, with hydrogen minister Alannah MacTiernan flagging the state's significant potential in the budding industry.

Worker shortages and supply chain issues could disrupt major projects in WA worth more than $50 billion. Click for our updated list of major projects.

Analysis: The Australia Institute claims WA earns a paltry return from oil and gas companies, while estimating state government royalties from the North West Shelf will likely surpass $17 billion over 25 years.

Woodside has long-term hopes to install up to 500 megawatts of solar generation and 2 gigawatt hours of batteries near Karratha, environmental documents show.

MMA Offshore has won several contracts to start the new year including two long-term vessel arrangements as part of ongoing work with Woodside Petroleum.

Woodside has signed with Asian partners to develop a long-term supply chain of sustainable hydrogen from Western Australia to Singapore and potentially Japan.

The ACCC will not oppose Woodside's plan to acquire BHP petroleum assets, clearing the way for two of WA's largest natural gas suppliers to merge.

Former BHP group financial controller Graham Tiver has been chosen as Woodside's new chief financial officer and executive vice president.

The state could have a shortage of gas production for the domestic market as soon as 2025, driven by reserve downgrades at the Reindeer and Macedon fields.

Oil and gas supplier Woodside will invest $US5 billion ($7 billion) in low carbon energy by 2030 while still benefitting from its recently-announced merger with BHP's petroleum business.

Oklahoma has been put forward to host the latest of Woodside Petroleum's lofty hydrogen plans.

Success at the Scarborough project for Woodside Petroleum hinges on an environmental battle, selling equity, and further offtake deals.

The Conservation Council has launched another case against Woodside, labelling an approval for the Scarborough development as “unlawful”.

Unemployment is at record lows in WA, but pressure from mass resignations and outbound travellers is looming.

WA Liberal leader David Honey has labelled a proposed $117.5 million effort to establish two hydrogen hubs in the Pilbara and Mid-West an “embarrassing pipedream.”

Climate activists are continuing to block access to Woodside's Burrup Hub in Western Australia in a protest that has frustrated the company and the workers' union.

A $16.5 billion plan to develop the Scarborough gas field and Pluto Train 2 has been approved by Woodside Petroleum, the biggest LNG investment sanctioned in WA in a decade.

WA's COVID-19 isolation may be keeping the virus at bay, but inflationary forces are building.