Woodside Energy's H1 2024 earnings showed mixed results, with a 15% drop in EBIT but only a 2% decline in total production volumes. The company is heavily investing in LNG projects like the Scarborough project and expanding into hydrogen and ammonia clean energy markets. Despite high capital expenditure and a challenging macro environment, Woodside is focused on reducing production costs and optimizing marketing strategies.
Woodside Energy , Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its deal-making strategy after the collapse of a $52 billion merger with Santos.
Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) announced it had acquired a clean ammonia project on the US Gulf Coast, in Texas. It is notably the world's first ammonia plant that uses auto thermal reforming with 95%+ CO2 capture technology, Woodside The project is currently under construction, and is expected to produce its first ammonia by 2025, with lower carbon ammonia production starting in 2026.
Australia's Woodside Energy on Monday said it will acquire OCI Clean Ammonia Holding's lower carbon ammonia project in Texas for $2.35 billion.
Australian oil and gas giant Woodside Energy reported a 2% sequential rise in second-quarter revenue on Tuesday.
Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) has unveiled a $900 million deal to expand its LNG business, acquiring Tellurian and its primary project Driftwood LNG. Driftwood is a fully-permitted LNG development project in the United States, located in Lake Charles, Louisiana, with a planned capacity of 27.6 Mtpa.