News Articles for Woodside Energy

A unique Western Australian project aimed at challenging the perception that philanthropy is the preserve of a wealthy elite has facilitated its first major donation.

Energy giant Woodside Petroleum has signed a project development agreement with US-based Sempra Energy for a potential liquefied natural gas plant in Texas.

Today at AOG: US petroleum company Hess is pursuing development of its Equus gas field off the Pilbara coast, with senior manager Andrew Drayton telling the Australasian Oil & Gas conference today it would proceed with a variety of tendering opportunities this year, including for subsea work.

Energy giant Woodside Petroleum has reported a sharp fall in profit on the back of writedowns and says now is not the time to be reckless as it mulls over the future of its key Browse project.

Energy giant Woodside Petroleum's decision to search for gas off the coast of Myanmar has proved fruitful so far, with the company announcing its second discovery this year.

The Chamber of Commerce and Industry of WA's Energy Apprenticeships Group has kicked off with 16 process operator apprentices to begin their four-year training today.

Woodside Petroleum says its recently flagged write-downs of up to $US1.2 billion ($A1.7 billion) had taken into account possible delays at the Wheatstone LNG project near Onslow.

Woodside Petroleum expects to take a hit of up to $US1.2 billion ($A1.7 billion) as it writes down the value of its energy assets following the slump in oil prices.

Engineering firm Wood Group has continued its run of contract wins in the offshore oil and gas sector, with the latest contract being for Shell's Prelude floating LNG project.

SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.

A recent addition to the Business News offering is keeping track of WA's performance on the markets this year. The opening weeks have not been good.

Western Australia's biggest and most productive gas production facility suffered an equipment failure early this morning.

If Woodside Petroleum is ever looking for a corporate slogan it could borrow a saying from the Dutch philosopher Erasmus: “in the land of the blind the one-eyed man is king”.

Australia's struggling oil and gas producers are expected to put more assets on the market this year as oil prices hit fresh 12-year lows.

Frank Cooper has been selected as the new president of the West Australian Division of the Australian Institute of Company Directors (AICD), effective February 1, 2016.

Singapore-listed contractor AusGroup has announced a number of contract wins and extensions worth a combined $100 million, including with Woodside Petroleum, which today flagged lower capex and increased production for the year.

Woodside Petroleum's impending exit from its namesake office tower on St Georges Terrace has already affected the building's value, with its owner, DEXUS Property Group, saying it was now worth $80

Woodside Petroleum and its joint venture partners have given the go-ahead to a $2 billion subsea development at the North West Shelf Project off the Pilbara coast.

Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.

Woodside Petroleum has formally abandoned its attempted takeover of rival energy company Oil Search by withdrawing its $11.6 billion bid.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Analyst firm EnergyQuest has predicted lower liquefied natural gas prices will not lead to Australian operations switching off or cutting back production, in its latest quarterly review of the industry.

The state's corporate donors still prefer their gifts to be in cash, while in-kind contributions have fallen away in favour of increased staff volunteering, according to the latest Giving West survey.

The latest official report into Western Australia's gas supply and demand outlook has raised the ire of a group of major domestic gas users, which says some of its key findings are misleading and called for an independent review into how the report is compiled.

As one of WA's most influential directors, when Michael Chaney talks, the business community listens.

Wesfarmers chairman Michael Chaney has disagreed with Reserve Bank of Australia Governor Glenn Stevens' view that big companies have not reduced hurdle rates for investment decisions amid falling interest rates, in an address at this morning's Business News Success & Leadership breakfast.

A hotel and a laboratory in Perth have been recognised as two of the best places to work in Australia, while two Western Australian workers have also been honoured for excelling during their training.

Artrage was founded as an alternative arts organisation, yet under chief executive and former 40under40 award winner Marcus Canning, its turnover is heading towards $20 million.

Smart-ticketing company Vix Technology has strengthened its push into the resources sector by acquiring specialist Australian software company Osmotion for an undisclosed sum.

Marine services company MMA Offshore has won a $50 million contract to provide services to Woodside Petroleum, but says low oil prices are placing significant pressure on market demand, with conditions unlikely to improve during the financial year.

Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.

Western Australia Labor's left faction is hoping to oust Gary Gray from the federal seat of Brand, saying he should be an independent if he doesn't want to toe the state party line.

Monadelphous Group has been awarded a number of new contracts and extensions from clients including Woodside Petroleum, worth a combined $150 million.

A joint venture between UGL and UK company Cape has won a contract to provide services to the Woodside Petroleum-operated Karratha gas plant for an undisclosed sum.

Norwegian company Yara International has moved to full ownership of the giant ammonia plant built by Pankaj Oswal in the Pilbara, paying a price that reflects the expected impact of higher gas prices in future.

An independent panel has endorsed the proposed development of a liquefied natural gas precinct at James Price Point near Broome, but the recommendation may have little impact as project developers led by Woodside Petroleum have shifted their focus to floating LNG developments.

Oil and gas producers Drillsearch Energy and Beach Energy plan to create a $1.2 billion company with the backing of major shareholder Kerry Stokes.

Shares in Santos have jumped after the struggling energy giant revealed it has rejected a $7.1 billion takeover bid this week.

SPECIAL REPORT: Earnings for the state from the powerhouse minerals and energy industries have softened, but agriculture, among other sectors, will create opportunities. Business News also takes an in depth look at Bunbury port, where a big expansion plan needs community backing and solid regional demand growth.

Woodside Petroleum has fine-tuned its project portfolio as it deals with the impact of weak oil prices, selling one of its mature assets, deferring a new oil field development but proceeding with evaluation of another new development.