Jul 29, 2026 – 10.56amWoodside Energy has been forced to seek alternative sources of steel to keep construction of its large LNG project in Louisiana on track as blockage of the key Strait of Hormuz shipping channel disrupts deliveries from the United Arab Emirates.Still, the fuel price spike caused by the conflict in the Middle East boosted revenue at the country’s biggest listed oil and gas producer above $6 billion in the June quarter, with the average price it received for oil and gas rising 35 per cent from the March quarter to $US85 a barrel.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Woodside makes $6b in June quarter; trade disruption hits LNG project
The Middle East conflict has helped boost the oil and gas producer’s revenue, but is causing headaches on steel deliveries to its US venture.
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