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Woodside Energy

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Company Report: Woodside Energy Group



Company Overview


  • Name: Woodside Energy Group Ltd.

  • Mission: To provide affordable, reliable, and lower-carbon energy solutions and superior outcomes for stakeholders.

  • Founded: 1954

  • Founders: No information available

  • Key People:

  • CEO & Managing Director: Meg O’Neill

  • Chair of the Board: Richard Goyder, AO

  • Board Members: Larry Archibald, Ashok Belani, Arnaud Breuillac, Swee Chen Goh, Angela Minas, Ian Macfarlane, Tony O'Neill, Ann Pickard, Ben Wyatt

  • Executive Leadership Team: Mark Abbotsford (Chief Commercial Officer), Tony Cudmore (Sustainability, Policy & External Affairs), Andy Drummond (Strategy), Julie Fallon (Technical & Energy Development), Daniel Kalms (Chief Operating Officer, International), Ruth Lyall (Human Resources), Rebecca McNicol (Legal & Group General Counsel), Graham Tiver (Chief Financial Officer), Liz Westcott (Chief Operating Officer Australia)

  • Headquarters: Perth, Western Australia

  • Number of Employees: 4,500+

  • Revenue: Not explicitly mentioned

  • Reputation: Known for leading the development of the LNG industry in Australia and its diversified portfolio in oil, gas, and new energy projects.


Products


Oil


  • Focus on conventional oil fields primarily in the Gulf of Mexico and Australia.


Gas


1. LNG (Liquefied Natural Gas)
  • Major projects: Pluto LNG, North West Shelf, Wheatstone, Scarborough.

  • Pluto LNG: Processes gas from offshore fields. Modifications ongoing to expand capacity.

  • North West Shelf: One of the world's largest LNG projects, operational for 40 years.

2. Domestic Gas
  • Major contributor to WA’s domestic gas supply.


New Energy


1. Hydrogen
  • Projects: H2Perth, H2TAS, H2OK for hydrogen and ammonia production.

2. Ammonia
  • Used as a carrier for hydrogen or directly as a chemical feedstock.

3. Solar
  • Projects: Karratha Solar Power Project, collaboration with Heliogen in California.

4. Carbon Capture and Storage (CCS)
  • Potential significant abatement volumes.


Key Features:
  • Focus on safety, efficiency, and environmental performance.

  • Emphasis on low-carbon and renewable energy projects.

  • Investments in new energy alternatives aiming for a diversified, lower-carbon portfolio by 2050.


Recent Developments


1. Scarborough Energy Project
  • Status: Two-thirds complete, targeting first LNG cargo in 2026.

  • Economic Impact: Expected A$50 billion contribution to Australia’s economy, generating over 3,000 jobs.

  • Environmental Approval: Approved by multiple authorities with extensive environmental controls.


2. Sangomar Field Development
  • Status: Achieved first oil production in June 2024.

  • Significance: Senegal's first offshore oil project.


3. New Projects & Investments
  • Trion Project in Mexico: First oil targeted for 2028.

  • OCI Clean Ammonia Project: Expected to contribute significantly towards emissions abatement targets.


4. Partnerships and Collaborations
  • Murujuga Rock Art Monitoring: Ongoing air quality monitoring to protect cultural heritage.

  • Environmental Research: Partnerships with AIMS and other research organizations for marine life conservation.


5. Innovations
  • Pluto's Remote Operations Centre: World’s first, aimed at enhancing operational efficiency.

  • Collaborations with NASA and IBM: Incorporation of advanced robotics and cognitive computing.


6. Sustainability Commitments
  • Net Zero by 2050: Comprehensive sustainability strategy aiming for significant reductions in greenhouse gas emissions.

  • Investment in Carbon Credits: Portfolio of over 20 million carbon credits, significant investments in native reforestation and mangrove restoration projects.


Conclusion


Woodside Energy Group Ltd. continues to solidify its position as a leading global energy provider through a strong focus on innovation, sustainability, and strategic growth in both traditional and new energy sectors. The company is committed to maintaining its reputation for safety, efficiency, and environmental responsibility while ensuring robust economic contributions locally and globally. The emphasis on new energy projects highlights Woodside's forward-thinking approach as it transitions towards a diversified, low-carbon future.