Woodside Energy Group ADR, commonly known as Woodside Petroleum, is an Australian-based energy company engaged in the exploration, development, production, and marketing of oil and natural gas resources. The company was founded in 1954 as Woodside (Lakes Entrance) Oil Co NL by a consortium of Australian and British oil companies. It was established to explore and develop oil and gas reserves off the coast of Australia, with its first significant discovery in the Carnarvon Basin in Western Australia in 1966.
Woodside has played a significant role in the development of Australia's oil and gas industry and has been involved in several major offshore projects. The company has been at the forefront of technological advancements in the sector and has pioneered innovative techniques to extract hydrocarbons from deepwater and remote locations.
As one of Australia's leading oil and gas companies, Woodside operates a diverse portfolio of assets, including offshore and onshore production facilities and liquefied natural gas (LNG) processing plants. The company's primary focus is on the exploration and production of oil and gas reserves, with a particular emphasis on LNG projects.
Woodside has been involved in several major LNG projects in Australia, including the North West Shelf project, Pluto LNG, and the Wheatstone LNG project. These projects have contributed significantly to Australia's position as one of the world's leading LNG exporters.
In addition to its Australian operations, Woodside has also expanded its global footprint through partnerships and investments in other countries, including exploration and development projects in Myanmar, Senegal, and Canada, among others. The company continues to explore new opportunities to grow its business and meet the world's energy needs.