PERTH, Australia, December 04, 2024–(BUSINESS WIRE)–Woodside has signed a revised lump sum turnkey engineering, procurement and construction (EPC) contract with Bechtel for the development of the three train 16.5 million tonnes per annum foundation development of Louisiana LNG.
Bechtel has worked on site since the acquisition and will continue work under a limited notice to proceed (LNTP) executed under the revised EPC contract. The LNTP provides for continued site construction and commitment to certain key materials and services required for the foundation project.
Woodside CEO Meg O’Neill said the signing of the EPC contract and continuation of engineering and construction activities contemplated by the LNTP represented an important step in the development of Louisiana LNG.
“Louisiana LNG is positioned to provide LNG into the growing global market and generate value for shareholders in accordance with our capital allocation framework.
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“We continue to move at pace. In a short period of time, we have completed the acquisition, secured competitive revised EPC pricing that covers all three trains, and opened the data room with strong interest from potential project partners.
“Louisiana LNG is an advantaged project that is fully permitted and has Bechtel as the EPC contractor. The competitive pricing and schedule certainty we have now secured compounds this advantage in the current uncertain market environment for competing projects.”
Woodside continues to target final investment decision (FID) readiness from the first quarter of 2025.
Total Louisiana LNG expenditure from December to end of the first quarter of 2025 is forecast to be up to $1.3 billion, which is included in the overall estimated cost for the foundation development.
The estimated forward cost for the foundation development is $900-960/tonne, unchanged from the range at the time of acquisition.1
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Includes EPC, contractor completion incentive payments, owner’s costs, and contingency; excludes pipeline cost.
About Louisiana LNG
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Louisiana LNG is an under-construction, pre-FID, LNG production facility and export terminal in Calcasieu Parish, Louisiana. It is a high-quality, scalable development opportunity, with a total permitted capacity of 27.6 million tonnes per annum.
Louisiana LNG is a major growth opportunity that would expand Woodside’s US LNG position, enabling the company to better serve global customers and capture marketing optimisation opportunities across the Atlantic and Pacific Basins.
This announcement was approved and authorised for release by Woodside’s Disclosure Committee.
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Forward-looking statements
This announcement contains forward-looking statements with respect to Woodside’s business and operations, market conditions, results of operations and financial condition, including, for example, but not limited to, statements regarding the timing of completion of other transactions, the timing of completion of Woodside’s projects and expectations regarding future expenditures and future results of projects. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘anticipate’, ‘believe’, ‘aim’, ‘aspire’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘outlook’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’ and other similar words or expressions. Similarly, statements that describe the objectives, plans, goals or expectations of Woodside are forward-looking statements.
Forward-looking statements in this announcement are not guidance, forecasts, guarantees or predictions of future events or performance, but are in the nature of future expectations that are based on management’s current expectations and assumptions. Those statements and any assumptions on which they are based are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective officers, directors, employees, advisers or representatives. If any of the assumptions on which a forward-looking statement is based were to change or be found to be incorrect, this would likely cause outcomes to differ from the statements made in this announcement.
A detailed summary of the key risks relating to Woodside and its business can be found in the “Risk” section of Woodside’s most recent Annual Report released to the Australian Securities Exchange and in Woodside’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission and available on the Woodside website at https://www.woodside.com/investors/reports-investor-briefings. You should review and have regard to these risks when considering the information contained in this announcement.
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All information included in this announcement, including any forward-looking statements, reflects Woodside’s views held as at the date of this announcement and, except as required by law or regulation, neither Woodside, its related bodies corporate, nor any of their respective officers, directors, employees, advisers or representatives intends to, undertakes to, or assumes any obligation to, provide any additional information or update or revise any information or forward-looking statements in this announcement after the date of this announcement, either to make them conform to actual results or as a result of new information, future events, changes in Woodside’s expectations or otherwise.
Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241204245574/en/
A Pentecostal pastor in Louisiana charged with sexually molesting a teenage girl in his church has been convicted of indecent behavior with a juvenile – but was acquitted of the more serious crime of statutory rape.
Milton Otto Martin III, 58, faces up to seven years in prison and must register as a sex offender after a three-day trial in Chalmette, Louisiana, resulted in a guilty verdict against him on Thursday. His sentencing hearing is tentatively set for 15 January in the latest high-profile instance of religious abuse in the New Orleans area.
Authorities who investigated Martin, the pastor of Chalmette’s First Pentecostal Church, spoke with several alleged molestation victims of his. But the jury in his case heard from just two of them, and the charges on which he was tried pertained to only one.
That victim’s attorneys – John Denenea, Richard Trahant and Soren Gisleson – lauded their client for testifying against Martin even as members of the institution’s congregation showed up in large numbers to support him throughout the trial.
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“That was the most courageous thing I’ve ever seen a young woman do,” the lawyers remarked in a statement, with Denenea saying it was the first time in his career he and a client of his needed deputies to escort them out the courthouse. “She not only made sure he was accountable for his crimes – she has also protected many other young women from this convicted predator.”
Neither Martin’s attorney, Jeff Hufft, nor his church immediately responded to requests for comment.
The documents containing Martin’s criminal charges alleged that he committed felony carnal knowledge, Louisiana’s formal name for statutory rape, by engaging in oral sex with Denenea’s client when she was 16 in about 2011. The indecent behavior was inflicted on her when she was between the ages of 15 and 17, the charging documents maintained.
A civil lawsuit filed against Martin in parallel detailed how he would allegedly bring the victim – one of his congregants – out on four-wheeler rides and sexually abuse her during breaks that they took during the excursions.
The accuser, now about 30, reported Martin to Louisiana state police before he was arrested in March 2023. Other accusers subsequently came forward with similar allegations dating back further. Martin made bail, pleaded not guilty and underwent trial beginning on Tuesday in front of state court judge Darren Roy.
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Denenea said he believed his client’s testimony on Wednesday was pivotal in Martin’s conviction, which was obtained by prosecutors Barry Milligan and Erica Moore of the Louisiana attorney general’s office, according to the agency.
As Denenea put it, it seemed to him Martin’s acquittal stemmed from uncertainty over whether the accuser initially reported being 16 at the time of the alleged carnal knowledge.
State attorney general Liz Murrill said in a statement that it was “great work” my Milligan and Moore “getting justice for this victim”.
“We will never stop fighting to protect the children of Louisiana,” Murrill said.
Martin was remanded without bail to the custody of the local sheriff’s office to await sentencing after the verdict.
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The lawsuit that Denenea’s client filed against Martin was stayed while the criminal case was unresolved. It can now proceed, with the plaintiff accusing the First Pentecostal church of doing nothing to investigate earlier sexual abuse claims against Martin.
The plaintiff also accused the Worldwide Pentecostal Fellowships to which the Chalmette church belonged of failing to properly supervise Martin around children, and her lawsuit demands damages from both institutions.
Martin’s prosecution is unrelated to the clergy molestation scandal that drove the Roman Catholic archdiocese of nearby New Orleans into federal bankruptcy court in 2020 – but the two cases do share a few links.
State police detective Scott Rodrigue investigated Martin after also pursuing the retired New Orleans Catholic priest Lawrence Hecker, a serial child molester who had been shielded by his church superiors for decades. Rodrigue’s investigation led to Hecker’s arrest, conviction and life sentence for child rape – shortly before his death in December 2024.
Furthermore, Denenea, Trahant and Gisleson were also the civil attorneys for the victim in Hecker’s criminal case.
Newlab New Orleans is deepening its energy-tech ambitions with a new partnership alongside JERA, Japan’s largest power generator, to accelerate next-generation carbon capture solutions for heavy industries across Louisiana and the Gulf Coast, The Center Square writes.
The collaboration brings JERA Ventures into Newlab’s public-private innovation hub, where startups gain access to lab space and high-end machinery to commercialize technologies aimed at cutting emissions and improving industrial efficiency.
The move builds momentum as Newlab prepares to open its fifth global hub next fall at the former Naval Support Activity site, adding New Orleans to a network that includes Riyadh and Detroit. JERA’s footprint in Louisiana is already growing—from a joint venture on CF Industries’ planned $4 billion low-carbon ammonia plant to investments in solar generation and Haynesville shale assets—positioning the company as a significant player in the state’s clean-energy transition.
Federal immigration authorities are keeping a tight lid on key details as “Catahoula Crunch” closes its first week in southeast Louisiana, Verite writes.
The operation—one of Department of Homeland Security’s largest recent urban crackdowns—began with raids at home-improvement stores and aims for 5,000 arrests, according to plans previously reviewed by the Associated Press. While DHS publicly highlighted arrests of immigrants with violent criminal records, AP data shows fewer than one-third of the 38 detainees in the first two days had prior convictions.
Meanwhile, advocacy groups report widespread fear in Hispanic communities, with residents avoiding hospitals, schools, workplaces and even grocery stores amid sightings of federal agents.
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Business impacts are already visible: restaurants and Hispanic-serving corridors like Broad Street appear unusually quiet, with staff shortages forcing menu cuts and temporary closures. School absenteeism has doubled in Jefferson Parish, and protests have spread across New Orleans and surrounding suburbs as local leaders demand transparency around federal tactics.
