BusinessEnergyManufacturing

Woodside Energy Boosts Annual Production Outlook Despite Quarterly Revenue Decline

Australia’s leading independent energy producer Woodside Energy has increased its full-year production guidance despite reporting lower third-quarter revenue. The company cited exceptional performance at key projects including Sangomar and Pluto LNG facilities as driving the optimistic output forecast.

Production Forecast Revised Upward

Woodside Energy Group Ltd, Australia’s largest independent energy company, has reportedly raised its production forecast for fiscal year 2025, according to recent financial disclosures. Sources indicate the company now expects to produce between 192 million and 197 million barrels of oil equivalent (mmboe), representing an increase from its previous guidance range of 188 to 195 mmboe.

ClimateEnergyFunding

African Climate Research Initiative Secures €4.29 Million for 10 Transdisciplinary Projects

A major climate research funding initiative has selected 10 African-led projects addressing critical environmental vulnerabilities. The €4.29 million program brings together 126 researchers from 21 countries to tackle climate challenges through transdisciplinary approaches.

Major Funding Boost for African Climate Research

Ten transdisciplinary research projects led by African institutions have secured substantial international funding totaling €4.29 million (approximately R86.7 million) through a collaborative initiative between South Africa’s National Research Foundation and the Belmont Forum, according to recent announcements.