Woodside Energy Group, advancing growth and delivering reliable energy
Written by
Varun Ratra
Woodside Energy Group Ltd achieved key operational and project updates across LNG, ammonia and oil production in 2026. WDS also shared quarterly performance and ongoing growth in global energy markets.
Woodside Energy Group Ltd (ASX: WDS)
announced on 26 March 2026 that it has taken operational control of the Beaumont New Ammonia facility in southeast Texas after performance testing and handover from OCI Global. The plant can produce up to 1.1 million tonnes per year of ammonia and expands the portfolio, with potential to nearly double US exports. The OCI Clean Ammonia Holding B.V. acquisition was completed in September 2024 for about 2.35 billion dollars including capital spending. Production started December 2025. First ammonia cargo was in February 2026.
Lower carbon output is now expected from 2027 due to delays at a third party feedstock facility. Sales agreements are being progressed in line with output.
WDS on 29 April 2026 shared its first quarter report for the period ended 31 March 2026. Production for the quarter was 45.2 million barrels of oil equivalent. Average realised price was 63 dollars per barrel, increased 11% from the previous quarter. Output fell 8% due to seasonal weather.
The Scarborough project was 96 percent complete and remains on track for LNG in Q4 2026. Trion reached 56 percent and targets oil start in 2028. The Louisiana LNG was 24% complete and aims for first LNG in 2029.
Operations update
Pluto LNG achieved 100 percent reliability, restarted after cyclone impact, prepared for May 2026 maintenance and drilled the XNA-03 well. North West Shelf delivered 99.7 percent reliability, processed higher Waitsia gas volumes and prepared a September 2026 shutdown. Wheatstone was disrupted by cyclone conditions with partial recovery by April. Julimar Phase 3 drilling was completed for H2 2026 start-up and an asset swap with Chevron is planned for H2 2026. Bass Strait recorded 89.4 percent reliability and advanced Turrum drilling after early shutdowns. Sangomar produced about 99 thousand barrels per day at 99.9 percent reliability with decline expected later in 2026. Shenzi and Atlantis operations and Argos extension supported output growth.
Trading update
No disruption occurred from Middle East conflict and shipping continued normally. LNG demand stayed strong for spot cargoes. Realised LNG prices were broadly flat due to contract lag effects. About 51 percent of LNG sales were linked to gas hub indices. Crude and product markets saw higher spot prices. Pipeline gas sales included 1 PJ to Western Australia in 2026 and 8.1 PJ to the East Coast across 2026 to 2028.
(Source: Company Report)
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