Australia’s Woodside said today that it has launched the sell-down processes for Pluto Train 2 and Scarborough ahead of a planned final investment decision (FID) for the LNG export development that is expected to cost more than $11 billion.
Australia’s Woodside has set new interim and long-term targets to hit net zero greenhouse gas emissions by 2050 at its Pluto liquefied natural gas (LNG) export project.
Australia’s Woodside is exploring the supply of 50 MW of solar energy to its Pluto liquefied natural gas (LNG) export facility on Western Australia’s Burrup Peninsular as part of its effort to reach net zero emissions.
Australia’s Woodside Energy is set to supply 0.84 million tonnes per year of liquefied natural gas (LNG) to RWE, Germany’s largest power producer, for seven years starting 2025.
Woodside Petroleum reported a net loss of almost $4.03 billion for 2020 despite delivering a record full-year production of 100.3 million barrels of oil equivalent (boe). Still, its proposed $12 billion Scarborough liquefied natural gas (LNG) export project in Australia remains on track for final investment approval later this year.
New upstream oil and gas projects worth about $15 billion will be sanctioned in Australasia this year, according to Rystad Energy’s forecast, marking a huge boost compared to the $1.2 billion committed to new projects in 2020.
Woodside Petroleum has slashed its spending this year by 50%, to around $2.4 billion, but Senegal’s Sangomar development should progress as planned.
Australian firm Woodside has handed oil field service giant TechnipFMC the contract for upgrading the Pluto platform for water treatment.