MARKETS

Woodside spuds maiden Scarborough production well, report finances

Woodside Energy has finally spudded its first production well at the Scarborough offshore project, that will feed a liquefied natural gas (LNG) export complex, and was previously bogged down by legal challenges. First LNG cargo is still on target for 2026.

Yiying Li

Pluto LNG Plant, Karratha - credits to Woodside Energy

The company highlighted the progress as part of its quarterly financial report released today. The Australian gas giant posted revenues of $3.355 billion in the fourth quarter of 2023, up 3% from the...

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