Woodside Energy Group Ltd (NYSE:WDS) shares are trading higher premarket Monday. The company, along with the Australian Conservation Foundation (ACF), reached an agreement to dismiss the ACF’s challenge to the primary environmental approval for the Scarborough Energy Project.
The ACF, represented by the Environmental Defenders Office, commenced Federal Court of Australia proceedings in June 2022 regarding the offshore environmental assessment of the project.
The Scarborough Energy Project, covering the Scarborough Joint Venture and Pluto Train expansions, was 67% complete by June 2024, with LNG production slated for 2026.
The project has secured all primary environmental approvals, and offshore work is advancing as planned.
The Federal Court ...
