Welcome to our dedicated page for Woodside news (Ticker: WDS), a resource for investors and traders seeking the latest updates and insights on Woodside stock.
Woodside Energy Group Limited (WDS) generates a steady flow of market-sensitive news as a global crude petroleum and natural gas producer with a strong focus on liquefied natural gas (LNG). This news page aggregates company announcements, operational updates and project milestones drawn from Woodside’s public disclosures and ASX releases furnished on Form 6-K.
Readers can follow updates on Woodside’s major projects, including the Scarborough Energy Project in Western Australia, the Trion offshore oil and gas development in Mexico, the Louisiana LNG Project near Lake Charles, and the Beaumont New Ammonia Project. Company reports regularly highlight quarterly and half-year production, project completion percentages, LNG reliability metrics and portfolio changes such as asset divestments and infrastructure partnerships.
News items also cover strategic transactions and agreements, such as sell-downs of project interests to partners like Stonepeak and Williams, long-term LNG sale and purchase agreements with counterparties including PETRONAS and Uniper, and gas supply arrangements with bp for Louisiana LNG. Governance and corporate developments appear in announcements on CEO succession, capital markets days, sustainability focus sessions and annual general meetings.
In addition, Woodside releases information on sustainability and community initiatives, such as climate-related targets and donations to organisations like the Mexican Red Cross in areas where it is progressing projects. Investors and followers of WDS can use this news feed to monitor how Woodside reports on its operations, project execution, capital management and approach to the energy transition. For ongoing research, bookmarking this page provides a single place to review Woodside’s latest reported developments and historical announcements.
Woodside (WDS) has agreed to sell its Greater Angostura assets in Trinidad and Tobago to Perenco for $206 million. The deal includes Woodside's interests in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities, and the onshore terminal.
The transaction, expected to close in Q3 2025 with an effective date of January 1, 2025, will provide near-term cash flow for ongoing investments and shareholder distributions. Greater Angostura currently produces approximately 12% of Trinidad and Tobago's gas supply. Over the past two decades, Woodside has paid more than $2 billion in taxes and invested over $1 billion in major capital shallow water developments in the region.
Following the closure, Perenco will assume ownership, operatorship, and restoration obligations of the assets. Most Woodside employees in Trinidad and Tobago are expected to transfer to Perenco. The deepwater Calypso field is not included in this transaction.
Woodside Energy Group (ASX: WDS) reported record production of 193.9 million barrels of oil equivalent (MMboe) for full-year 2024, driven by outstanding early performance at Sangomar and 98% reliability at operated LNG assets. Net profit after tax increased 115% year-on-year to $3,573 million, while underlying NPAT decreased 13% to $2,880 million due to lower realized oil and gas prices.
The company declared a final dividend of US 53 cents per share, bringing the full-year fully franked dividend to US 122 cents per share with an 80% payout ratio. Unit production cost decreased 2% to $8.1/boe despite inflationary pressures, while operating cash flow remained strong at $5.8 billion with an 82% cash margin.
Strategic achievements include the acquisition of Louisiana LNG and Beaumont New Ammonia, completion of Scarborough Joint Venture sell-downs totaling $2.3 billion, and signing long-term LNG sales agreements with Asian buyers. Major projects are progressing well, with the Scarborough Energy Project now 80% complete and on track for first LNG cargo in 2026.
Heliogen Inc. (OTCQX: HLGN) has announced the completion of Project Capella, a pioneering demonstration project for Generation 3 Concentrated Solar Power (CSP) technology. The project, jointly funded by Woodside Energy and the US Department of Energy, aimed to develop a 5-MWe concentrated solar power plant.
While achieving several critical milestones in prototyping and design, including Front-End Engineering Design (FEED) completion and Centrec particle receiver development, the project concluded after the FEED phase due to cost escalation. Both companies decided not to proceed with construction but remain open to future collaboration.
Heliogen is now shifting its focus to meet growing demand for dispatchable, low-carbon energy solutions for data centers using their Gen 2 CSP technology, which is already commercially proven. The project successfully advanced key technological innovations and established important foundations for future developments in CSP technology.
Woodside Energy Group (WDS) reported record annual production of 194 MMboe in 2024, driven by outstanding performance from Sangomar producing 75 Mboe/day. Q4 2024 production was 51.4 MMboe, down 3% from Q3 due to lower seasonal demand and an unplanned Pluto shutdown.
Q4 revenue reached $3,470 million, a 6% decrease from Q3. The company sold 33.6% of produced LNG at prices linked to gas hub indices, achieving a 31% premium compared to oil-linked pricing.
Key projects progressed with Scarborough Energy project at 78% completion, Trion project at 20% completion, and Beaumont New Ammonia on track for H2 2025 startup. The company completed the sale of a 15.1% stake in Scarborough to JERA for $1.4 billion and signed an EPC contract with Bechtel for Louisiana LNG development, targeting FID from Q1 2025.
Woodside Energy has reached a significant milestone in its Scarborough Energy Project with the final delivery of Pluto Train 2 modules to the Pluto LNG facility in Karratha, Western Australia. Since February 2024, 51 modules weighing 56,000 metric tonnes have been transported from Batam, Indonesia. The project, now over 75% complete, will enhance the facility's capacity by approximately 5 million tonnes of LNG per annum and supply up to 225 terajoules per day to the Western Australian market.
Construction began in August 2022, with Bechtel managing engineering, procurement, and construction. The project targets first LNG delivery in 2026 and is expected to generate over A$50 billion in tax payments while creating over 3,000 construction jobs and sustaining about 600 operational positions.
Woodside and Chevron have agreed to a strategic asset swap that will reshape their Australian LNG portfolio. Under the agreement, Woodside will acquire Chevron's 16.67% interests in the North West Shelf (NWS) Project, NWS Oil Project, and 20% interest in the Angel CCS Project. In exchange, Woodside will transfer its 13% stake in Wheatstone and 65% interest in Julimar-Brunello Projects to Chevron.
The transaction includes a cash payment from Chevron to Woodside of up to $400 million, comprising $300 million at completion and up to $100 million in contingent payments. The deal is expected to close in 2026, with an effective date of January 1, 2024. The net impact will increase Woodside's Proved plus Probable Reserves by 9.6 MMboe.
Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the development of Louisiana LNG, a three-train facility with 16.5 million tonnes per annum capacity. Bechtel will continue work under a notice to proceed (LNTP), focusing on site construction and securing key materials.
The project is fully permitted and targets final investment decision (FID) readiness from Q1 2025. Total expenditure until then is forecast at up to $1.3 billion. The estimated forward cost for the foundation development remains at $900-960/tonne, excluding pipeline costs.
Woodside Energy, Baker Hughes, and Bechtel collaborated in a tricycle race fundraiser for United Way of Greater Houston, raising $150,000. The event featured racing teams from all three companies and United Way. Woodside, which has a 36-year partnership with United Way, matches employee contributions and contributed $667,000 to United Way last year through their annual campaign for employee fundraising and volunteering opportunities.
Woodside Energy Group (ASX: WDS) released its Q3 2024 results, reporting record quarterly production of 53.1 MMboe, up 20% from Q2 2024. Key highlights include:
- Quarterly revenue of $3,679 million, up 21% from Q2 2024
- Sangomar achieved nameplate capacity of 100,000 barrels per day
- Scarborough Energy Project 73% complete, on track for first LNG cargo in 2026
- Completed acquisition of OCI's Clean Ammonia Project for ~$2,350 million
- Acquired Tellurian and its Driftwood LNG project, renamed Woodside Louisiana LNG
- Signed LNG supply agreement with JERA for ~0.4 Mtpa over 10 years
- Successfully issued $2 billion in senior unsecured bonds
The company narrowed full-year production guidance to 189-195 MMboe and increased gas hub exposure guidance to 33-37% of produced LNG.
Woodside has decided to delist from the London Stock Exchange (LSE) due to low trading volumes and to reduce administration costs. The company has applied to cancel its listing on the LSE's Main Market, with the last trading day expected to be 19 November 2024. The delisting will not affect Woodside's primary listing on the Australian Securities Exchange (ASX) or its American Depositary Receipts (ADR) program on the New York Stock Exchange (NYSE).
Woodside shares represented by depositary interests account for approximately 1% of Woodside's issued share capital. Information on the delisting and options for depositary interest holders will be provided by Computershare. The company has provided contact details for Computershare and Citibank for further inquiries related to the transfer of LSE depositary interest holdings to ASX shares or ADRs.