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Woodside Petroleum

The Perth-based LNG specialist operates the North West Shelf and Pluto LNG projects and is developing the Scarborough and Browse fields.

Decommissioning

Tardy BHP ordered to clean up three oil and gas fields offshore WA and Victoria

Offshore regulator NOPSEMA has had enough of BHP's "limited action" and ordered the decommissioning of three fields, adding to the cleanup bill heading towards Woodside shareholders.

WA Government

McGowan won’t rule out favouring Woodside for carbon farming land

Woodside Petroleum needs massive amounts of land for carbon offsets and the WA Government appears to be laying out an exclusive red carpet for the LNG giant.

Energy Transition

Woodside Petroleum: doubling down for a dirty decade

Woodside and BHP have responded to the energy transition by heading in opposite directions. Here are 13 takeaways about Woodside's future. They will need some luck.

Decommissioning

BHP and Woodside deal will not escape tougher decommissioning laws

If Woodside absorbs BHP's oil & gas assets new laws ensure the massive decommissioning liability falls to one of the companies, not the Australian taxpayer, unlike the Northern Endeavour.

Gas

BHP and Woodside confirm sale of all BHP Petroleum under negotiation

BHP and Woodside are negotiating the complete transfer of BHP oil and gas assets in exchange for Woodside shares, but the deal is not done, indicating last-minute brinksmanship across the negotiation table.

Analysis

Is Woodside the next South32?

Speculation is mounting of a big Woodside-BHP deal next week. There may be lessons from South32, another destination for BHP's unwanted assets.

Safety

Equipment failure injures two workers on Woodside's Ngujima-Yin oil vessel

Two Woodside offshore workers were injured when a 500kg load fell after a lifting appliance with unapproved modifications failed but Woodside reported only one injury to the safety regulator.

Project Management

Woodside limits Scarborough cost bump but is silent on risk

Woodside is now chasing investors in its $US12B Scarborough to Pluto LNG project, but they need to look beyond the headline number.

Gas

Another job cull at Woodside

Employees across Woodside lost their jobs today, with many more expected to follow, as chief executive Meg O'Neill chases a 30 per cent cut in operating costs.

Woodside Petroleum

Woodside + BHP Aussie oil & gas: inspiration or desperation?

Buying BHP’s Australian oil and gas assets could allow Woodside to escape its lost decade, but its shareholders and Australian taxpayers should count their fingers after the handshake.

Analysis

Japan plans to almost halve LNG for power by 2030

Crunch time for Australian LNG: True Paris-aligned emissions targets kill demand and ammonia hopes are too small, too late and probably green.

Woodside Petroleum

Ex-Woodside boss Peter Coleman joins Schlumberger board

Peter Coleman's first move after leaving Woodside is to join the board of oil field services giant Schlumberger.

Safety

Concern over corrosion found at Woodside’s North West Shelf LNG

Woodside has found corrosion during a shutdown of the North West Shelf's LNG Train 4 that potentially is a serious concern. It is understood Woodside is now inspecting other trains for the problem.

Decommissioning

Oil and gas producers to start paying up to $1B to decommission the Northern Endeavour

Australia's oil and gas industry has lost the fight not to bear the full cost of cleaning up after an oil vessel in the Timor Sea with a bankrupt owner.

Carbon Emissions

Woodside’s real plan for Pluto LNG: delay action, not reduce emissions

Woodside's Pluto net-zero 2050 plan is greenwashing, leaving 70% of cuts to the last five years despite investors telling CEO Meg O'Neill they want tangible speedy progress.

Safety

Regulator tells Woodside to fix safety issues on ageing North Rankin A platform

Woodside must check if corrosion on fourteen 24-tonne caissons under an offshore platform could cause them to fall onto subsea pipelines with possibly catastrophic results.

WA Government

Ten tales of Woodside’s merry men: Mark, Bill and Ben

On the occasion of recent WA treasurer Ben Wyatt joining the Woodside board Boiling Cold reviews the top 10 wins for Woodside from WA Labor's first term.

Carbon Emissions

BHP climate target skips massive Australian oil & gas emissions

BHP's climate target excludes the Bass Strait, North West Shelf and future Scarborough LNG on the incorrect basis that the operator controls the emissions, not the joint owners.

Ammonia

Yara and JERA seek Pilbara carbon storage for blue ammonia

If CO2 from Yara's Pilbara ammonia plant is buried WA could ship a clean fuel to displace coal in JERA's Japanese power stations, but underground carbon storage has its doubters.

Decommissioning

Offshore oil & gas producers to pay for $1B Northern Endeavour cleanup

For every dollar Woodside saved in 2015 selling the Northern Endeavour, the oil and gas industry may have to pay back threefold after the Federal Government moved to protect ordinary taxpayers from the cost of decommissioning the vessel and oil field.

Shipping

Rio orders LNG ore carriers after Fortescue dumps gas for green ammonia

In the race to decarbonise iron ore shipping Rio and BHP are chasing incremental improvements with LNG while Andrew Forrest's Fortescue wants zero-emission green ammonia ASAP.

Ammonia

Incitec Pivot backs Perdaman’s $4.6B urea plant with 20-year offtake deal

Vikas Rambal's Perdaman has surprised doubters by signing up Incitec Pivot to take the full output of his proposed Karratha urea plant.

Hydrogen

ARENA backs ATCO and Engie with $71M for WA green hydrogen

WA will be home to two of the largest green hydrogen electrolysers in the world to feed an ammonia plant and inject the clean fuel into the South West gas grid.

Decommissioning

Regulator calls time on delays to $52B offshore oil and gas decommissioning

Regulator NOPSEMA has wrested control of the schedule for cleaning up Australia's offshore oil and gas fields from tight-fisted operators in a move that may result in an offshore jobs boom later this decade.

Energy Transition

Woodside: Scarborough or stranded like a beached whale

For Woodside, it is Scarborough or bust. Incredibly the LNG specialist has no plan B ready if its last chance to develop an LNG project evaporates. And Scarborough is no sure thing.