Woodside Energy Group Limited reports news on a global energy portfolio built around liquefied natural gas, oil and gas production, and selected new energy projects. Updates commonly cover operated assets and projects such as Pluto LNG, the North West Shelf Project, Sangomar, Shenzi, Scarborough, Trion, Louisiana LNG and Beaumont New industrial raw material, with recurring emphasis on production reliability, realised pricing, reserves, project execution and portfolio changes.
Company announcements also include annual and quarterly results, reserves statements, sustainability briefings, dividend commentary, annual meeting materials and governance changes. As an Australian foreign issuer with American Depositary Shares traded under WDS, its news flow often reflects ASX releases that are also relevant to U.S. ADR holders.
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Woodside Energy Group Ltd has appointed Liz Westcott as Executive Vice President of Australian Operations, effective June 1, 2023. Westcott joins from EnergyAustralia, where she served as Chief Operating Officer, overseeing sustainability and operations. With a 25-year background at ExxonMobil across multiple countries, she brings extensive experience in strategic planning and operations. Woodside's CEO, Meg O'Neill, expressed confidence in Westcott's capabilities in stakeholder management and operational leadership. O'Neill also acknowledged Mike Price for his leadership over the past five months. The appointment is expected to strengthen Woodside's operational capabilities as the company looks to meet energy demands both locally and internationally.
Woodside Energy Group reported Q1 2023 results, with 46.8 MMboe production (520 Mboe/day), a 9% decrease from Q4 2022 due to planned maintenance. Sales volume was 50.4 MMboe, down 4%, while revenue decreased by 16% to $4,330 million. Year-over-year, production, sales, and revenue rose 122%, 112%, and 81%, respectively, thanks to post-merger expansion. LNG reliability was high at 99.9% for Pluto LNG. Major projects, including Sangomar and Mad Dog Phase 2, are ongoing, with first production achieved in April 2023. Ongoing evaluations for Trion are in progress to support final investment decisions.
Woodside Energy Group announces the retirement of Directors Dr Sarah Ryan and Dr Christopher Haynes effective after the 2023 AGM on April 28, 2023. Dr Haynes has been on the Board since 2011, while Dr Ryan joined in 2012, both contributing significantly to the company's strategic direction amid challenging market conditions. In their place, Mr Arnaud Breuillac has been appointed as a non-executive Director, recognized for his extensive experience in the energy sector. The Board also recommends the election of Ms Angela Minas at the 2023 AGM, bringing further expertise in finance and compliance, enhancing the Board's capabilities during a pivotal time for Woodside.