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Oil & Gas

Woodside has choice of capex options worth US$14bn

By Energy Voice
31/08/2022, 4:07 am
© Shutterstock / viewimageAustralia's Woodside is planning a hydrogen project in Australia
Australia's Woodside is planning a hydrogen project in Australia

Australia’s Woodside Energy Group (ASX:WDS) has a range of capital expenditure options that cover a US$9 billion projected spend on oil and gas projects out to 2024 and another US$5 billion pencilled in for new energy projects by 2030.

The US$9 billion covers capex for the Scarborough gas field development, Pluto LNG Train 2, and Sangomar LNG projects, from 1 July 2022 to 31 December 2024.

The new energy projects include a liquid hydrogen and ammonia project in Perth, another ammonia project in Tasmania, and a liquid hydrogen project in Oklahoma, in the US.

Woodside will spend US$4.7 billion to US$5.3 billion on capital expenditure this year.

The company reported a five-fold increase in half-year profit on Tuesday

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