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/
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.
BATON ROUGE, La. (Louisiana First) — The Louisiana State Police is opening its doors throughout December, hosting open house events aimed at giving potential applicants a closer look at what it takes to become a state trooper.
Troop leaders said the goal is to recruit men and women who are prepared for the demands of the job and committed to serving their communities.
Troop A Public Information Officer Shelby Mayfield said the open houses are designed to make the application process more accessible.
“One of the reasons we generated these open houses was to allow our applicants to come in and get a look inside the troop, meet some state troopers from across the troop area, and ask whatever questions they may have to the recruiters who are present,” Mayfield said.
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Along with information sessions, Mayfield said the events help future applicants better understand the daily responsibilities of law enforcement and the mindset troopers are expected to bring to the job.
“We want to make sure that that trooper knows how important officer safety is,” he said. “But more importantly, we want to make sure they go out there with a pure heart.”
The Louisiana State Police Training Academy is known for its rigorous curriculum that prepares cadets for real-world situations. From crash investigations to communication skills, instructors focus on developing well-rounded troopers who can serve safely and effectively.
Mayfield said applicants must be ready for a variety of interactions, not just emergencies.
“Not everything is going to be a high-intensity, rapidly evolving situation,” he said. “You need to be able to deal with the public to accomplish your job, and that’s why we preach not just getting the job done, but being able to relate to the public so you can meet their needs.”
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The application deadline for Cadet Class 109 is Jan. 6, 2026. Mayfield encourages anyone who feels called to the profession to take the next step.
“If this is something you genuinely have in your heart to do, reach out to somebody when it’s convenient for you,” he said. “Even if you miss a deadline, never give up because it’s never too late.”
Open house events will continue throughout the month at troop locations across Louisiana. More information on Cadet Class 109 and the application process is available on the Louisiana State Police website.
