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.

MiningPolicyTrade

US and Australia Forge $8.5 Billion Critical Minerals Partnership to Counter China’s Dominance

In a strategic move to counter China’s control over the global rare earth market, the U.S. and Australia have committed billions to critical minerals projects. The agreement aims to secure supply chains vital for modern technology and military systems.

Strategic Alliance Forms Against Rare Earth Dominance

The United States and Australia have reportedly established a significant framework agreement to bolster their critical minerals supply chains, according to sources familiar with the matter. The deal, signed by President Donald Trump and Australian Prime Minister Anthony Albanese in the White House Cabinet Room, commits up to $8.5 billion toward projects related to rare earth mineral production and processing.