Louisiana

Woodside Signs Agreement for Louisiana LNG

Published

11 months ago

December 4, 2024

Woodside Signs Agreement for Louisiana LNG

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.

“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

__________________
¹	Includes EPC, contractor completion incentive payments, owner’s costs, and contingency; excludes pipeline cost.

About Louisiana LNG

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.

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.

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/

Contacts

INVESTORS
Marcela Louzada
M: +61 456 994 243
E: investor@woodside.com

MEDIA
Christine Forster
M: +61 484 112 469
E: christine.forster@woodside.com

Source link

Click to comment

Louisiana

10 must-attend Louisiana fall festivals you can still enjoy this year

Published

17 hours ago

November 5, 2025

Press Room

10 must-attend Louisiana fall festivals you can still enjoy this year

Louisiana’s fall festival season is in full swing, and there’s still plenty of time to enjoy food, music, arts and culture across the region before the holidays arrive.

From long-running community traditions to niche cultural celebrations, residents can expect a mix of live entertainment, family-friendly activities and regional cuisine as communities showcase the best of Louisiana.

Whether you love zydeco music, crave a plate straight off the pit or want to stock up on handmade gifts before the holidays, there’s a festival for every interest. Many events also highlight fundraisers for schools, churches and nonprofits, bringing families and community members together.

Here are 10 festivals still ahead on the calendar this fall across Acadiana, with opportunities to dance, dine and discover the region’s heritage before the season winds down.

10 Louisiana fall festivals you can still catch

Port Barre Cracklin Festival

Nov. 13‐16, 2025. A festive four‑day event featuring cracklin’ cooking competitions, carnival rides, parades, and live music. Address: 129 Park St., Port Barre, LA 70577

Christmas on the Bayou Festival

Nov. 7, 2025. A holiday‑themed fest with lights, vendors and seasonal treats. Address: Bryan Street, Cottonport, LA 71327

Bayou Teche Brewing Fall Fest Nov. 15 – Dec. 25. Craft beer, wood-fired pizza and local music set the mood for a relaxing autumn weekend. Address: 1002 North Ln., Arnaudville, LA 70512

Christmas in the Park

Nov. 30, 2025. Holiday lights and community gatherings to wrap up the fall season. Address: Moncus Park, 2913 Johnston St., Lafayette, LA 70503

Holiday Lights at Baton Rouge General

Nov. 20‑22, 2025. Multi‑day celebration of lights and holiday activities (still within fall‑to‑holiday transition). Address: 8585 Picardy Ave., Baton Rouge, LA 70809

Reindeer Trails

Nov. 20‑22, 2025. A local holiday‑themed festival with family activities and trails of lights. Address: 629 Spring St., Shreveport, LA 7110

Holiday Light Safari

Nov. 27‑28, 2025. A night‑time festival of lights, food vendors, and family fun. Address: Alexandria Zoo 3016 Masonic Dr., Alexandria, LA 71301

Logansport Christmas Festival

Nov. 22, 2025 – Jan 4, 2026. An extended festival, including the tail end of fall and the start of the holiday season. Address: 192-198 Elm St., Logansport, LA 71049

Light Up the Lake Christmas Festival

Nov. 28, 2025. A one‑night event with fireworks, lights and local vendors; still in the broader fall festival window. Address: 900 Lakeshore Dr., Lake Charles, LA 70601

Noël Acadien au Village

Dec. 1 to Dec. 23, 2025. An evening market/festival celebrating Acadian heritage and holiday spirit. Address: 200 Greenleaf Dr., Lafayette, LA 70506

Source link

Louisiana

Louisiana ranks near bottom in new report on best states for jobs

Published

2 days ago

November 3, 2025

Press Room

Louisiana ranks near bottom in new report on best states for jobs

BATON ROUGE, La. (Louisiana First) — A new study from the personal-finance company WalletHub ranks Louisiana among the worst states in the country for job seekers in 2025.

The report places Louisiana 49th overall out of 50 states in WalletHub’s annual Best & Worst States for Jobs ranking.

WalletHub said the national unemployment rate sits at 4.3%, and its labor force participation is at its lowest level in the past couple of years.

To help job seekers find better opportunities, WalletHub compared all 50 states using 34 key indicators of job-market strength and economic vitality. The study looked at factors such as employment growth, job opportunities, median annual income and average commute time.

WalletHub said that states ranking higher tend to have stronger economies, higher wages, and more stable employment conditions.

Louisiana’s rankings in major categories include:

40th – Job opportunities.
27th – Employment growth.
28th – Monthly average starting salary.
42nd – Unemployment rate.
48th – Median annual income (adjusted for cost of living).
47th – Average work week (in hours).
33rd – Average commute time.
50th – Job security.

Best states to find a job, according to WalletHub

Massachusetts.
Connecticut.
Minnesota.
Vermont.
New Hampshire.

Latest News

Source link

Louisiana

Two girls injured after being thrown from Ferris wheel at Louisiana festival

Published

3 days ago

November 2, 2025

Press Room

Two girls injured after being thrown from Ferris wheel at Louisiana festival

Two young girls were injured after they were thrown from a Ferris wheel at a Louisiana festival Saturday.

The two girls, around the age of 11, fell off the ride at the Harvest Festival in New Roads just before noon Saturday, Pointe Coupee Parish Sheriff Rene Thibodeaux said.

Both were taken to the Children’s Hospital in Baton Rouge for their injuries. Though the extend of injuries were not disclosed, they are expected to survive.

After the incident all the rides at the Harvest Festival were temporarily shut down.

The Louisiana State Fire Marshals inspected the rides, and all were reopened except the Ferris wheel, which remains shuttered.

Video of the incident suggests that a mechanical failure in the part holding the children in their seat may be to blame, the sheriff said.

The fire marshals are conducting an investigation into the incident.

The festival, which runs from Friday to Sunday is to celebrate agriculture and community and includes food, live music and rides, according to its website.

Source link