Woodside Company News
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16-Well Drilling Contract Goes to Valaris
Tuesday, July 13, 2021An Australia-based operator has awarded Valaris a 16-well contract. PHOTO SOURCE: Valaris
Offshore Africa Contract Goes to Zenith
Monday, April 26, 2021The Ocean BlackRhino is one of two Diamond Offshore drillships bound for Sangomar later this year. PHOTO SOURCE: Zenith Energy
Australia Oil and Gas Players Seek to Cut $39B Decom Bill
Wednesday, March 10, 2021ExxonMobil, Santos, Baker Hughes, and others are banding together to try to come up with ways to cut costs.
Rystad Sees Speedy FPSO Comeback
Thursday, July 09, 20202021 should mark a recovery period for FPSO contract awards, Rystad Energy predicts.
FAR in Default on Senegal Project
Thursday, June 25, 2020On top of the default announcement, FAR also revealed more job losses and executive pay cuts.
Woodside Awards Pluto-Karratha Contract
Wednesday, May 13, 2020This photo shows the Pluto LNG Plant in Karratha, Western Australia. PHOTO SOURCE: Woodside Energy Ltd.
TechnipFMC Wins Offshore Australia Contract
Wednesday, April 22, 2020The Woodside contract covers development of the Lambert Deep and Greater Western Flank fields.
Deepwater Transformation Sparking New Interest
Thursday, October 17, 2019Changes have revived interest in deepwater projects and enabled new ones in regions including the North Sea, the Gulf of Mexico and China Seas.
Halliburton Wins Nine Contracts for Work Offshore Senegal
Monday, August 12, 2019Woodside Energy has awarded Halliburton nine conditional contracts for drilling and completions services offshore Senegal.
Chevron Aims to Turn Canada LNG Plan Into Electric Design
Monday, July 15, 2019Chevron is seeking approval to modify its plans for a LNG export facility on Canada's Pacific Coast to an all-electric design.
McDermott to Design Scarborough FPU for Woodside
Tuesday, February 05, 2019The FEED contract could progress to an EPCI contract.
Offshore Australia Contract Goes to KBR
Thursday, October 11, 2018KBR has won an engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development.
Pipe Dream? Chevron, Woodside Vie to Shape Australia's LNG Sector
Friday, June 15, 2018After spending a decade and billions of dollars developing Australia's vast gas reserves, Chevron and Woodside are at odds over the pace and timing of the next leg of expansion.
Chevron Unveils Shared Vision for North West Shelf Infrastructure Stimulus
Wednesday, May 16, 2018Chevron extends invitation to Woodside and Shell to collaborate on shared infrastructure development.
Woodside To Raise $2B, Look To Offshore Gas Project For Growth
Wednesday, February 14, 2018Woodside launches a surprise share sale to raise funds to take control of and develop a long-stranded gas field off the country's west coast.
Chevron Starts LNG Output at Australia's Wheatstone
Monday, October 09, 2017The LNG market will be focused on how smoothly Wheatstone progresses following the troubled start-up at Chevron's bigger Gorgon LNG project.
Global LNG: Faltering Supply Prompts Short-Covering Price Rally
Friday, August 11, 2017Asian spot LNG prices gained ground this week with traders and portfolio players engaged in short-covering.
Woodside Sees Output Growing 15 Pct Over Next Three Years
Tuesday, May 23, 2017After 2020, output will grow further with the expansion of its Pluto LNG project in Australia.
Energy Titans Get Schooled in Sharing as Billions Seen Blown
Tuesday, May 09, 2017
Woodside Flags Growth Options After Tough Year
Wednesday, February 22, 2017Woodside Petroleum Ltd says it sees its output rising by about 15% over the next 3 years and flags plans to expand near-term output in Western Australia.
Australia, East Timor Aim To Agree Maritime Border By Sept
Tuesday, January 24, 2017Australia and East Timor aim to reach an agreement on a maritime border by the end of September, which would end a decade-old row between the 2 nations that has stalled a $40 billion gas project.
Subsea 7 Secures Services Contract with Woodside Energy
Friday, December 02, 2016Oilfield services company Subsea 7 S.A. secures a sizeable contract with Woodside Energy Ltd for the Greater Western Flank Phase 2 Project, offshore Australia.
Australia Watchdog Says North West Shelf Gas Venture Underpaying Royalties
Monday, November 28, 2016The North West Shelf joint venture cut royalties it owed by claiming more than $3.7 billion in deductions, some of which weren't valid, a government watchdog says.
Woodside: Oil, Gas Deal Environment Has Improved Over Past Year
Thursday, October 20, 2016The environment for getting deals done in oil and gas is better now than it was a year ago says Woodside Petroleum's Chief Financial Officer Lawrie Tremaine.
Wheatstone LNG Development Start-Up in Mid-2017 Says Woodside CEO
Thursday, October 20, 2016The Wheatstone LNG development is ready to start-up in mid-2017, according to Woodside Petroleum Ltd CEO Peter Coleman.
Woodside Eyes LNG Boost After $400 Million Gas Deal With BHP
Tuesday, September 06, 2016Woodside may look to funnel gas from the Scarborough field off Western Australia to one of its existing liquefied natural gas plants after agreeing to a $400 million deal to buy half of BHP Billiton's stake in the remote offshore resource.
Woodside Buys 50% of BHP Billiton's Scarborough Assets Off WA for $400M
Monday, September 05, 2016Woodside Petroleum inks agreements to acquire half of BHP Billiton's Scarborough area assets in the Carnarvon Basin, off Western Australia for $400 million.
Bumi Armada's 2Q Revenue Falls 12.2% to $99.7M as FPSO, FGS Incomes Dip
Monday, August 29, 2016Malaysia's Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.
Exxon's Pacific Gas Partner Sees LNG 'Revolution' Among Buyers
Wednesday, August 24, 2016Exxon Mobil Corp.'s partner in a $15 billion liquefied natural gas export project in Papua New Guinea sees Asian buyers pushing back on the pricing and structure of LNG contracts as a glut of supply gives them greater bargaining power.
ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.
Woodside, Santos Profits Slump, Focus On Cost Cuts
Friday, August 19, 2016Weak oil and gas prices hammered half-year profits at Australia's Woodside Petroleum and Santos Ltd, but investors sent their shares higher as both companies report progress on cost-cutting.
Australia's AIG Says Geoscientists in Energy Sector Face High Unemployment
Thursday, August 04, 2016AIG says geoscientists in Australia's energy resource exploration and production segment have the highest rate of unemployment nationally compared to their peers.
Technip Wins Large Subsea Deal from Woodside for Greater Enfield Project
Wednesday, July 27, 2016Technip wins a large subsea contract, worth $275-$550 million, from Woodside for the Greater Enfield Project offshore Western Australia.
Woodside Q2 Revenue Falls 8% On Weaker Oil Prices
Thursday, July 21, 2016Woodside reported a 10 percent rise in oil and gas output in the June quarter, while revenue fell 8 percent due to weaker oil prices, but says it expects third quarter revenue to improve.
OneSubsea Bags $300M Contract for Greater Enfield Project Off Australia
Friday, July 15, 2016OneSubsea bags a $300 million engineering, procurement and construction contract from Woodside for the Greater Enfield Project offshore northwest Australia.
Woodside Taps into Big Oil Find off Senegal for Growth
Thursday, July 14, 2016Australia's Woodside Petroleum expands its push into West Africa, agreeing to buy ConocoPhillips' deepwater stakes off Senegal.
Woodside to Buy ConocoPhillips' Senegal Holdings for $350M
Wednesday, July 13, 2016Woodside Petroleum agrees to buy ConocoPhillips' deepwater stakes off Senegal, including one of the world's most promising recent oil finds, for $350 million.
Keppel Wins $89M Deals for Work on 3 Floating Facilities, 1 Pipelay Vessel
Friday, July 08, 2016Keppel Shipyard wins contracts valued at $89 million for work on three floating facilities and a pipelay vessel.
Aibel Bags Modification Contract from Woodside for Nguijma-Yin FPSO
Monday, July 04, 2016Aibel bags a modification contract from Woodside for the Nguijma-Yin floating production storage and offloading facility located offshore Western Australia.
SapuraKencana Secures $125M of Drilling, Engineering & Construction Deals
Tuesday, June 28, 2016SapuraKencana Petroleum secures $125 million of drilling as well as engineering and construction contracts and contract extensions in Malaysia, Australia and Trinidad and Tobagao.
Woodside-Mitsui JV Approves $1.9B Greater Enfield Project Off WA
Monday, June 27, 2016The Woodside-Mitsui joint venture approves the development plan for the $1.9 billion Greater Enfield Project off Exmouth in Western Australia, with first oil planned for mid-2019.
Russell: No New Australian LNG Projects Doesn't Mean No New LNG
Thursday, June 09, 2016Conventional wisdom in the liquefied natural gas (LNG) sector is that no new projects will be built for several years, given the vast cost can't be reconciled with the current low prices.
Woodside Reports Higher Contingent Resource from 2 Myanmar Discoveries
Friday, May 20, 2016Woodside Petroleum reports an 83 million barrels of oil equivalent (MMboe) increase in contingent resource to 4,481 MMboe from its two recent discoveries offshore Myanmar.
Technip Secures Engineering Services Contract with Woodside Petroleum
Wednesday, May 11, 2016Technip secures an engineering services contract by Woodside Petroleum to support all of the Australian energy firm's operated onshore, offshore and subsea producing assets.
Bumi Armada Files Claim for $284M Over Woodside's FPSO Contract Termination
Friday, April 22, 2016Bumi Armada files claim for $283.5 million in Western Australia's Supreme Court after Woodside terminated the contract for the Armada Claire FPSO.
Jacobs Bags Contract to Join Woodside's Engineering Services Panel
Wednesday, April 20, 2016Jacobs Engineering bags a contract from Woodside to join a panel to provide engineering services for the latter's onshore and offshore assets in Australia.
Woodside's 1Q 2016 Sales Revenue Down 30.3% to $982M
Wednesday, April 20, 2016Woodside posts a 30.3 percent decline in sales revenue for the first quarter of 2016 to $982 million, with the fall due largely to low oil and gas prices.
Chevron Signs Up Australia's Alinta To Buy Gas From Wheatstone
Tuesday, April 19, 2016Chevron agrees to sell 20 petajoules a year of gas from its Wheatstone project to Alinta Energy in Western Australia starting in 2020, securing a customer for more than a quarter of the domestic gas output from Wheatstone.
PETRONAS Urges LNG Players to Strive for a More Equitable Relationship
Thursday, April 14, 2016PETRONAS urges liquefied natural gas players to strive for a more equitable relationship in the current oversupplied market to ensure the continuity and sustainability of the business.
Woodside to Supply LNG to Pertamina for 15-20 Years
Wednesday, April 13, 2016Woodside signs agreement to supply up to 1 million tons per annum of liquefied natural gas per year to Pertamina for a period of 15 to 20 years.