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About our Woodside Energy news
Latest news on Woodside Energy, Australia's largest independent oil and gas company, providing coverage of its operations, projects, financial performance, and environmental impact.
Woodside Energy, headquartered in Perth, Western Australia, is a major player in the global energy industry. With a history dating back to 1954, the company has built a diverse portfolio of oil and gas assets, including the North West Shelf Venture, Pluto LNG, and the Burrup Hub.
Recent developments have seen Woodside merge with BHP's oil and gas assets in a deal approved by shareholders in May 2022. This merger has positioned Woodside as a global energy powerhouse, with listings on the Australian, New York, and London stock exchanges. However, the company has faced criticism from environmentalists who argue that the merger is detrimental to climate change efforts.
Woodside's operations have not been without controversy. The company's Burrup Hub project, which involves the extraction of gas from six untapped fields off the Western Australian coast, has drawn opposition from local communities and environmental groups concerned about its potential impact on the region's ancient rock art and ecosystem. Similarly, the Scarborough gas project has faced protests due to its perceived threat to the environment and cultural heritage of the Pilbara region.
Throughout its history, Woodside has been involved in various legal disputes and faced allegations of underpaying foreign workers, concealing oil spills, and engaging in deceptive lobbying practices. The company has also been criticized for its stance on emissions trading and carbon pricing.
As one of Australia's largest energy companies, Woodside's activities have significant implications for the country's economy, environment, and Indigenous communities. Staying informed about the latest developments surrounding Woodside Energy is crucial for anyone interested in the complex interplay between energy production, corporate responsibility, and sustainable development.