Woodside Energy

A key component of Woodside’s approach to the energy transition is supporting our customers on their decarbonisation pathways. Recently, Woodside’s VP Climate & Sustainability, Peter Metcalfe and Head of Climate Strategy & Engagement, Gareth Wright spent a week in China engaging with key stakeholders across academia, the energy industry and government. Areas discussed included climate and energy policy, role of gas in the energy transition, expectations on LNG suppliers, as well as the role of new energy and finding opportunities to collaborate. Amongst the highlights during the trip, was the visit to Peking University's Energy Institute, where its co-founder, Dr. Yang Lei, hosted Woodside and shared the impressive work being undertaken by the Institute. It provided Woodside an opportunity to share its plans and progress, as well as demonstrate how Woodside wants to understand the products and services required by China to achieve its carbon peaking and net-zero ambitions. The trip further supported the transitional role gas will play in displacing coal, progress being made in China on renewables deployment and new energy development, and the openness to work together on decarbonisation in the region.

Our 70-year anniversary also represents many personal milestones for our workforce. Margot Meadows is hanging up the boots (and heels) after an amazing 38.5 years with Woodside! A common theme amongst our workforce, Margot started as a temp for a two-week assignment back in September 1985 in Karratha and in October of that same year, she was made permanent.

For seventy years, our people have enabled us to continue to evolve, creating a proud history, and a positive future. Thank you to everyone who has helped shape Woodside's 70-year story. Find out more at woodside.com/celebrate70

Meet Karratha Signs, one of 75 local Karratha businesses who have been engaged to work on our Scarborough Energy Project. Jed and Suzy started Karratha Signs in 1999 in the third bedroom of their home, they have since grown to be an award-winning enterprise that operates from premises in Karratha and Port Hedland. Karratha Signs provides an array of site entry, safety, and wayfinding signage for our Pluto Train 2 Project, ensuring the best possible standards that are suited to the Pilbara. The Scarborough Energy Project will provide a boost to the WA economy and communities, growing jobs and bringing work through the supply chain. Supporting local businesses is just one way that the Scarborough Energy Project is good for WA. Click here to read Karratha Signs’ story in our most recent edition of Let's Talk: http://spr.ly/6040iUn7M

Woodside’s General Manager Climate and Decarbonisation, Yvette Manolas, recently sat down with Bernadette Cullinane from Deloitte to share her unique insights and experience in tackling new and unusual problems in the #energy industry. In the latest episode of the ‘Women Transforming Energy & Resources’ podcast, Yvette discusses how leadership roles in energy have changed, ways we can encourage more women to be engaged in the industry and the many potential pathways for the world on the journey to net zero. You can listen to the podcast here: http://spr.ly/6045cBOs9

Delivering on our growth strategy. Quarterly production was 44.4 million barrels of oil equivalent (MMboe) and we remain on track to achieve full year production guidance of 185-195 MMboe. A significant milestone was marked in June when our major project in Sangomar achieved first oil. “The first oil from our Sangomar project offshore Senegal was a significant milestone, delivering against our growth strategy. Subsequent to the quarter, we achieved peak gross rate of 75,000 barrels per day and production ramp-up continues as planned. The addition of Sangomar to Woodside’s portfolio will deliver enduring shareholder value and significant economic benefits for Senegal, “ said Woodside CEO Meg O’Neill. Work on other major growth projects continued with the Scarborough Energy Project now more than two-thirds complete and on target for first LNG cargo in 2026. And subsequent to Q2, we entered into a definitive agreement to acquire Tellurian and its US Gulf Coast Driftwood LNG development. This acquisition positions Woodside to become a global LNG powerhouse and fits strongly with our strategy to thrive through the energy transition. To read the full results visit our website: http://spr.ly/6040c6qTi

Today, Woodside Energy announced the signing of an agreement to acquire Tellurian Inc. and its US Gulf Coast Driftwood LNG project for ~$900 million. The acquisition significantly expands our US presence and creates one of the world’s leading independent LNG companies – committed to delivering the affordable, reliable and lower-carbon energy our customers need for the energy transition. You can read the full announcement here: http://spr.ly/6041i2dCx

Woodside is pleased to announce that we’ve signed a Memorandum of Understanding with Universidad Autonoma de Tamaulipas, which aims to expand our collaboration in the development of research, training and technology projects, and social investment opportunities. MVZ Dámaso Anaya, Dean of UAT, joined Stephane Drouaud, Woodside’s Vice President of Trion, for the signing ceremony, which was held at the official residence of H.E. Rachel Moseley, Australian Ambassador to Mexico. We were happy to welcome Mr. Agustín Díaz Lastra, Commissioner President of the Comisión Nacional de Hidrocarburos; Ing. Ángel Carrizales López, Executive Director of Agencia de Seguridad, Energía y Ambiente ASEA; Biólogo José Ramón Silva Arizabalo, Secretary of Energy Development of Tamaulipas; and elected Senator of Tamaulipas Olga Sosa as our witnesses of honour. In our business, we know that collaboration is key, and we look forward to partnering with UAT and others as we work to successfully deliver Trion.

To mark our 70th anniversary as a proud Australian company, Woodside Energy has partnered with Sky News Australia to produce a special television documentary, ‘Real Energy: 70 Years of Woodside’. Tune in to Sky News Australia from 3.30pm AWST this Sunday, 21 July 2024 to watch and enjoy the full documentary.

Woodside welcomes today’s statement from Australian Industry Group (Ai Group) and others which acknowledges that the Australian Energy Market Operator’s Integrated System Plan (ISP) “is the best roadmap we have for the National Electricity Market.” The ISP “confirms that renewable energy connected with transmission and distribution, firmed with storage, and backed up by gas-powered generation is the lowest-cost way to supply electricity to homes and businesses as Australia transitions to a net zero economy.” Like Ai Group, Woodside believes Australia needs a “certain, credible and consistent policy framework” for our energy systems. We remain ready to work with governments, industry and communities to urgently implement policy settings that will ensure all Australians have access to reliable supplies of gas and energy. You can read the statement from Ai Group here >> http://spr.ly/6040icSPE