[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Highlights in 69 years of development of Woodside Energy Group Ltd, Australia's largest independent dedicated oil and gas company (1954)

30-04-2023

(Worldkings.org) Woodside Energy is a global energy company founded in Australia. The company provides energy the world needs to heat and cool homes, keep lights on and to power industries.

Woodside Energy Group Ltd (formerly Woodside Petroleum Ltd) is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production in Australia and also Australia's largest independent dedicated oil and gas company. It is a public company listed on the Australian Securities Exchange and has its headquarters in Perth, Western Australia. In the 2020 Forbes Global 2000, Woodside was ranked as the 1328th-largest public company in the world.

The Company's segments include Australia, International and Marketing. The Australia segment engaged in the exploration, evaluation, development, production and sale of liquified natural gas, pipeline gas, crude oil and condensate and natural gas liquids in Australia. The International segment engaged in the exploration, evaluation, development, production and sale of pipeline gas, crude oil & condensate and natural gas liquids in international jurisdictions outside of Australia. The Marketing segment engaged in trading of liquified natural gas (non-produced) and optimization activities generating incremental value from produced liquified natural gas via scheduling, shipping and/or contract management.

The Company’s projects include Pluto LNG, Northwest Shelf project, Wheatstone and Julimar-Brunello, Macedon, Bass Strait, Calypso, Browse, Wildling, Atlantis, Woodside Solar project and Scarborough and Pluto Train 2.

The company’s milestones:

July 26, 1954: Woodside is incorporated. It was originally established as Woodside (Lakes Entrance) Oil Co NL, and named after the small town of Woodside, Victoria.

 

1956: Woodside secured the first offshore exploration license to be granted in Victoria: a 2600sqkm stretch off Ninety Mile Beach that extended 2km into Bass Strait, off southern Australia.

1963: Formed the North West Shelf Venture with the Burmah Oil Company of Australia and Shell Development Australia.

1968: Woodside finds first oil at the Legendre field on the North West Shelf.

1972: The Goodwyn gas and condensate field is discovered, west of North Rankin on the North West Shelf. The North West Shelf fields provided the basis of the A$19 billion North West Shelf Project, then Australia's largest resource project.

1973: Woodside discovers the Lambert oil fields on the North West Shelf.

1974: The Sunrise and Troubadour gas fields are discovered in the Timor Sea, north-west of Darwin.

1985: The North West Shelf Joint Venturers sign the formal liquefied natural gas (LNG) sales agreement with eight Japanese gas and power companies. Construction starts on the first two LNG processing trains, storage tanks and loading facilities at the Karratha onshore gas plant.

1988: Woodside cements its Perth presence by opening a new purpose-built office at 1 Adelaide Terrace.

 

1990: The Woodside-operated North West Shelf Project discovers the Cossack oil field and the Yodel gas and condensate field.

1994: Woodside discovers the Laminaria oil field in the Timor Sea.

2001: Woodside builds a venture capital vehicle to invest in early stage green technologies.

2002: The Woodside-operated North West Shelf Project wins a 25-year contract to supply LNG to China.

2004: Woodside moves into new headquarters at 240 St Georges Terrace, Perth.

 

2005: Woodside discovers the Pluto gas field in the north-west of Western Australia.

2008: Production starts from the fifth LNG processing train at the Karratha. The Ngujima-Yin FPSO (Vincent) begins production.

2012: Woodside’s Pluto LNG begins production and delivers its first cargo to Japan. The North West Shelf Project delivers its 3500th LNG cargo.

2018: Woodside moves to state-of-the-art new headquarters, including a 31-storey office tower with campus-style facilities, close to the Swan River and Kings Park.

June 1, 2022: Woodside and BHP Petroleum merged to create a new chapter as a global energy company.

 

According to Wikipedia & woodside.com & markets.ft.com


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