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monabri wrote:dividend of 80 US cents.
https://www.dividenddata.co.uk/ex-divid ... chTerm=wds
XD=31 Aug 23
Pay = 28 Sep 23
(Information on the dividend from 'dividend data')
BullDog wrote:monabri wrote:dividend of 80 US cents.
https://www.dividenddata.co.uk/ex-divid ... chTerm=wds
XD=31 Aug 23
Pay = 28 Sep 23
(Information on the dividend from 'dividend data')
Thanks. Does the paid dividend land in a UK account in dollars or in sterling? If the latter, I might be tempted to buy a few Woodside shares.
Safety performance
· There was a fatality in June 2023 at the North Rankin Complex. Woodside's investigation is ongoing. Immediate actions have been implemented and preliminary lessons shared with industry
Financial highlights for H1 2023
· Record H1 net profit after tax of US$1,740 million
· Underlying net profit after tax of US$1,896 million
· Positive free cash flow of US$294 million
· Record Australian tax and royalty payments of A$3,654 million
· Liquidity of US$7,509 million
· Declared an interim dividend of 80 US cents per share, representing a half-year annualised dividend yield of 6.9%[1]
Operational highlights
· Delivered record H1 production of 91.3 MMboe
· Achieved first production at the Mad Dog Phase 2 Argos platform in April 2023
· Completed major turnaround at Pluto LNG on schedule
Business highlights
· The Scarborough development was 38% complete; the floating production unit (FPU) topsides and pipeline fabrication and Pluto Train 2 module fabrication and foundation site works progressed
· Agreed to sell a 10% interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd (LNG Japan) and established a broader strategic relationship which includes potential LNG offtake and collaboration on global opportunities in new energy[2]
· The Sangomar project was 88% complete; 12 of 23 wells were drilled and completed and the floating production storage and offloading (FPSO) topsides integration and pre-commissioning works continued in Singapore
· Approved a final investment decision (FID) on the Trion project. The development remains subject to regulatory approval of the field development plan (FDP)
· Approved a FID on the Julimar-Brunello Phase 3 project
New energy & carbon highlights
· Progressed key project activities for H2OK to support targeted FID readiness in 2023
· Progressed development of the solar generation, battery energy storage and transmission infrastructure required for the Woodside Solar project in support of targeted FID readiness in 2023
· Awarded contract for the engineering and fabrication of the hydrogen production equipment for Hydrogen Refueller @H2Perth
· Progressed front-end engineering design (FEED) work on Phase 1 of the South East Australia Carbon Capture and Storage (SEA CCS) project
A copy of the transcript of the half-year results presentation held on 22 August 2023, in relation to the Company's results for the half-year ended 30 June 2023, has been sent to the National Storage Mechanism and will shortly be available for inspection in unedited full text format at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
UPDATE ON NORTH WEST SHELF PROJECT OFFSHORE
ENTERPRISE BARGAINING AGREEMENT
Woodside Energy has reached in-principle agreement with the Australian Workers’ Union and the Electrical
Trades Union and other bargaining representatives on an enterprise agreement covering employees on its
North West Shelf offshore platforms, supporting the ongoing provision of safe and secure energy supply to
Western Australian and international gas customers.
In-principle agreement was reached on all claims relating to remuneration and other terms and conditions of
employment.
The Trion field development plan (FDP) has been approved by the Mexican regulator, Comision
Nacional de Hidrocarburos (CNH).
Woodside’s final investment decision (FID) to develop the Trion resource, announced 20 June 2023,
was subject to Trion joint venture approval and regulatory approval of the FDP.
1 Both of these
conditions have now been met.
Woodside CEO Meg O’Neill welcomed the approval of the FDP.
About Trion
Trion is located in a water depth of 2,500 m, approximately 180 km off the Mexican coastline and
30 km south of the Mexico/US maritime border. Trion was discovered in 2012 by PEMEX. BHP
Petroleum acquired an interest in 2017 which subsequently became part of Woodside’s portfolio in
2022. The resource will be developed through a FPU with an oil production capacity of 100,000
barrels per day. The FPU will be connected to a FSO vessel with a capacity of 950,000 barrels of oil.
Crude is expected to be shipped to international markets and the development is expected to include
18 wells (nine producers, seven water injectors and two gas injectors) drilled in the initial phase, with
a total of 24 wells drilled over the life of the Trion project. Gas that is not reinjected or used on the
FPU will be delivered to the domestic natural gas pipeline network by a subsea gas pipeline. The
forecast total capital expenditure is US$7.2 billion (US$4.8 billion Woodside share including capital
carry of PEMEX of approximately US$460 million) including all 24 wells.
he amount payable in Australian dollars, British pounds sterling and New Zealand dollars is detailed below:Currency Exchange rate Dividend per share in local currency
AUD - Australian dollar 0.643610 1.24298877
GBP - Pound Sterling 1.272880 0.62849601
NZD - New Zealand dollar 0.596100 1.34205670
As announced on 27 February 2023, the Woodside dividend reinvestment plan (DRP) has been suspended and therefore is not available in relation to the Interim Dividend.
WOODSIDE AND KEPCO COLLABORATE ON CARBON CAPTURE AND STORAGE
Woodside has signed a non-binding Memorandum of Understanding (MOU) with Kansai Electric
Power Co. (KEPCO), to enable studies of a potential carbon, capture and storage (CCS) value chain
between Japan and Australia.
Under the MOU, KEPCO plans to research the capture of carbon dioxide (CO2) emitted from its
thermal power plants and its transport to Australia. Woodside is progressing CCS projects in
Australia and will conduct the study of injection and storage of CO2 delivered from Japan as well as
the potential production of Synthetic Methane (e-methane).
The MOU outlines a generic value chain study, that will consider the end to end technical and
commercial factors with the aim of progressing a future CCS value chain between Japan and
Australia. The studies include an evaluation of storage opportunities in some of Australia’s offshore
basins.
WOODSIDE PROGRESSES CARBON CAPTURE AND STORAGE STUDIES
Woodside Energy has signed a non-binding Memorandum of Understanding (MOU) with three
Japanese companies to enable studies of a potential carbon, capture and storage (CCS) value chain
between Japan and Australia.
Under the MOU, Sumitomo Corporation, Toho Gas Co., Ltd. and Kawasaki Kisen Kaisha, Ltd. will
study the capture, storage and transportation of carbon dioxide (CO2) emissions by industry in the
Chubu region of Japan. Woodside will conduct the study of injection and storage of the CO2 at
Australian storage sites
SHENZI NORTH PRODUCTION START-UP
The Woodside-operated Shenzi North project has commenced production in the deepwater US Gulf of
Mexico.
Shenzi North is a two-well subsea tieback that takes advantage of the existing Shenzi infrastructure to
increase production capacity of the asset.
The project, on which a final investment decision (FID) was taken in July 2021, achieved production ahead of
targeted first oil in 2024.
Woodside CEO Meg O’Neill said the start-up of Shenzi North further demonstrated the value of Woodside’s
US Gulf of Mexico assets, acquired as part of the merger with BHP’s petroleum business in 2022.
Delivering reliable production
· Delivered quarterly production of 47.8 MMboe (520 Mboe/day), up 8% from Q2 2023 following completion of planned turnaround and maintenance activities. Full-year production guidance has been narrowed to 183 - 188 MMboe.
· Delivered sales volume of 53.3 MMboe, up 10% from Q2 2023, primarily due to higher production.
· Delivered revenue of $3,259 million, up 6% from Q2 2023, due to higher production offset by lower realised prices.
· Achieved a portfolio average realised price of $60.2/boe.
· Sold 29% of produced LNG at prices linked to gas hub indices.
· Achieved first production at Shenzi North in September 2023, ahead of the 2024 target.
Executing major projects
· The Scarborough and Pluto Train 2 project was 46% complete at the end of the period, with fabrication of the floating production unit (FPU) and Pluto Train 2 modules progressing.
· The Sangomar project was 90% complete at the end of the period, with 14 of 23 wells drilled and completed. The floating production storage and offloading (FPSO) topsides integration and pre-commissioning works continued in Singapore.
· The Trion field development plan (FDP) was approved by the Mexican regulator, with the project now moving into execution phase.
Carbon and new energy
· The H2OK final investment decision (FID) has been delayed pending more certainty regarding Government tax incentive qualifications and customer offtake agreements.
· Substantially completed installation works within Pluto LNG and progressed commercial agreements including solar farm and battery energy storage system agreements to support Woodside Solar targeted FID readiness of 2023.
WOODSIDE SAFELY REMOVES NGANHURRA RISER TURRET MOORING
The Nganhurra Riser Turret Mooring (RTM) has been safely and successfully lifted onto a barge off North West Cape in Western Australia and is now transiting to the Australian Marine Complex (AMC) near Perth where it will be cleaned and deconstructed in preparation for recycling and reuse.
In a world-first, the heavy lift vessel Heerema Aegir, with three supporting tugs, lifted the 2,500 tonne RTM onto a 120m barge where it was secured ahead of its journey to the AMC.
daveh wrote:WOODSIDE SAFELY REMOVES NGANHURRA RISER TURRET MOORING
The Nganhurra Riser Turret Mooring (RTM) has been safely and successfully lifted onto a barge off North West Cape in Western Australia and is now transiting to the Australian Marine Complex (AMC) near Perth where it will be cleaned and deconstructed in preparation for recycling and reuse.
In a world-first, the heavy lift vessel Heerema Aegir, with three supporting tugs, lifted the 2,500 tonne RTM onto a 120m barge where it was secured ahead of its journey to the AMC.
Woodside has signed a sales and purchase agreement (SPA) with Mexico Pacific Limited (Mexico Pacific) to purchase 1.3 million tonnes per annum (Mtpa), equivalent to approximately 18 cargoes per year, of liquefied natural gas (LNG) for 20 years.
LNG is expected to play a critical role in the energy transition and long-term demand is anticipated to remain strong. This agreement is consistent with Woodside's strategic objective of building global scale and flexibility in its LNG portfolio.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
RESPONSE TO MEDIA SPECULATION
In response to recent media speculation, Woodside confirms it is in discussions regarding a potential merger with Santos Ltd.
Discussions remain confidential and incomplete, and there is no certainty that the discussions will lead to a transaction.
As a global energy company, Woodside continuously assesses a range of opportunities to create and deliver value for shareholders.
Woodside Energy has reached agreement with three Australian maritime unions on the Australian crewing of an LNG vessel, building on a cooperative relationship that dates back to the commencement of LNG exports from the North West Shelf Project in the 1980s. The agreement with the Construction, Forestry and Maritime Employees Union – Maritime Union of Australia Division; the Australian Institute of Marine and Power Engineers; and the Australian Maritime Officers Union preserves a role for Australian-resident seafarers in the maritime industry delivering LNG to customers across Asia. The continued investment in the development of strategic maritime skills covers the period from April 2024 to the end of March 2029 and sets a path for a more enduring relationship, subject to Woodside’s aspirations to grow its LNG operations in Australia being realised.
WOODSIDE COLLABORATION ON CROSS-BORDER CARBON CAPTURE AND STORAGE STUDIES Woodside Energy has signed a non-binding Memorandum of Understanding (MOU) with four Japanese companies to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia. Under the MOU, Woodside Energy with Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement Co. Ltd and Kawasaki Kisen Kaisha, Ltd. will study the capture, storage and transportation of carbon dioxide (CO2) emissions from the Setouchi and Shikoku regions of Japan and the injection and storage of the CO2 at Australian storage sites. The MOU reflects the demand for large-scale decarbonisation solutions and highlights the unique geological advantages of Australia with subsurface characteristics that are highly suitable for large scale CCS projects.
WOODSIDE AWARDS SHORE BASE CONTRACT FOR TRION PROJECT Woodside Energy announced today that it had awarded a major contract to Mexican company Eseasa Offshore, S.A. de C.V. to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico. Woodside Vice President for Trion, Stephane Drouaud, highlighted the significance of the contract award to Eseasa Offshore. “The award of the contract is a critical milestone as we continue to progress the Trion project toward first oil in 2028. We are very pleased to partner with Eseasa Offshore as the supplier of the full range of shore base facilities and services.
WOODSIDE SIGNS DOMESTIC LNG SUPPLY AGREEMENT WITH PILBARA MINERALS
Woodside has signed a Sales and Purchase Agreement (SPA) with Pilgangoora Operations Pty Ltd, a 100%-owned subsidiary of Pilbara Minerals, for the supply of Domestic LNG from the Pluto Truck Loading Facility. Supply under the SPA will commence in the fourth quarter of 2024 for a period of five years. The average volume to be supplied is 3.4 terajoules/day. The LNG is to be used at Pilbara Minerals’ Pilgangoora lithium operation, located 300 kilometres east of Karratha, where it will replace diesel for power generation. The Pilgangoora operation is one of the world’s largest hard rock lithium deposits.
WOODSIDE AND SK E&S COLLABORATE ON LOWER-CARBON HYDROGEN VALUE CHAIN Woodside has signed a non-binding Memorandum of Understanding (MOU) with South Korea’s SK E&S Co. Ltd. (SK E&S) to enable studies on the potential development of a lower-carbon hydrogen value chain, including hydrogen, ammonia and other related products. Under the MOU, Woodside and SK E&S plan to jointly explore opportunities relating to long-term ammonia and hydrogen offtake arrangements; equity participation in ammonia and hydrogen production projects; and project engineering supply opportunities.
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