Woodside’s Q2 revenue jumps

Australian LNG firm Woodside reported a 67.3 percent year-on-year rise in sales revenue on the back of higher realised prices.

The Perth-based company said second-quarter revenue increased to $1.29 billion from $768 million a year ago.

In addition, sales revenue increased 15 percent compared to the previous quarter.

Woodside acting CEO Meg O’Neill said higher realised prices in the second quarter of 2021 helped underpin a rise in sales revenue compared with the first three months of the year.

“Revenue from oil sales during the period was higher than the first quarter supported by an above-market average realised price of $75/barrel, while revenue from LNG sales climbed 14%,” O’Neill said.

The Australian firm said its average LNG price reached 41$/boe in the second quarter. This compares with 40$/boe in the first quarter and 29$/boe in the same quarter last year.

Looking at production, Woodside’s output declined to 22.7 million barrels of oil equivalent when compared to 25.9 mmboe in the same period last year. Production also dropped 4% when compared to the previous quarter.

Woodside attributed the decline to “scheduled maintenance activities and adverse weather impacts.”

Most Popular

ConocoPhillips books Dunkirk LNG capacity

US energy giant ConocoPhillips has booked regasification capacity at France's Dunkirk LNG facility, and it also signed an Asian LNG sales and purchase deal.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

More News Like This

Woodside scraps US hydrogen project

Australian LNG player Woodside has scrapped its proposed H2OK hydrogen project in Ardmore, Oklahoma.

Australia’s Woodside retires second NWS LNG train

Australian LNG player Woodside has completed the permanent retirement of the second LNG train at its North West Shelf LNG terminal in the Pilbara region of Western Australia due to declining natural gas supplies.

Work progresses on Woodside’s Louisiana LNG export plant

Australian LNG player Woodside is moving forward with construction work on its Louisiana LNG export terminal.

Woodside inks LNG collaboration pact with Hyundai Engineering, Hyundai Glovis

Australian LNG player Woodside has signed a non-binding memorandum of understanding with South Korea's Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on LNG project development, engineering services, and shipping logistics.