Woodside Energy's CEO Meg O'Neill is confident in the enduring demand for oil and gas, announcing the advancement of nearly $40 billion worth of large-scale projects in Australia, Senegal, and Mexico despite increasing pressure to reduce emissions.

O'Neill emphasised the continued need for LNG, particularly in Asia, to support renewable energy integration. The company is committed to its net-zero emissions goal by 2050.

The oil and gas producer plans to launch its Sangomar oil project in Senegal by the middle of next year, with an estimated cost of $US4.9 billion ($7.6 billion) to US$5.2 billion ($8.07 billion).

Woodside remains steadfast in its construction plans for the Scarborough LNG project, aiming for the first LNG cargo by 2026.

Woodside also plans to decrease capital expenditure in the coming years while anticipating an increase in annual production to over 200,000 barrels of oil equivalent in 2027.