Woodside Energy , Australia's no.1 independent oil and gas producer, is likely to post a strong first-half profit growth, underpinned by resilient liquefied natural gas (LNG) spot market prices and upbeat production levels.
Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert strikes at Australian liquefied natural gas (LNG) facilities that together account for around 10% of global production.
Workers at Woodside Energy Group and Chevron's liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, industry sources and Australian media reported, sending European gas prices higher on concern over supplies.
Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in its $12 billion Scarborough liquefied natural gas project in Australia for $500 million.
Australia's Woodside Energy Group Ltd reported a fall in second-quarter revenue on Wednesday, missing estimates, due to weaker liquefied natural gas prices and maintenance work at some of its facilities in Western Australia.
PERTH, AUSTRALIA / ACCESSWIRE / July 18, 2023 / Delivering reliable production · Delivered quarterly production of 44.5 MMboe (489 Mboe/day), down 5% from Q1 2023 due to planned turnaround and maintenance activities. Full-year production guidance remains unchanged at 180-190 MMboe.
Australia's Woodside Energy Group Ltd said on Tuesday it expected the first barrel of oil from the Senegal Sangomar project in Africa to flow through by mid-2024, compared with the initial target of late 2023.
Woodside Energy: Softer LNG Prices Weigh, Lower Profit Outlook, Rating Downgrade To Hold
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