Australia's Woodside Energy reported a stronger-than-expected eight per cent rise in second-quarter revenue driven by the successful performance of Senegal's Sangomar project, contributing $510 million. The company's overall production increased by 13% to 50.1 million barrels of oil equivalent (boe), with annual unit production costs reduced to $8-$8.50 per boe. Despite the positive results, Woodside decided to abandon its H2OK hydrogen project in Oklahoma due to cost escalation and weaker-than-expected demand in the low-carbon hydrogen sector, incurring a pre-tax impairment loss of about $140 million. The company also faces decommissioning challenges and expects $400-$500 million in pre-tax charges for its aging Minerva, Stybarrow, and Griffin offshore facilities. Woodside completed the sale of a 40% stake in its Louisiana LNG project for $5.7 billion and continues to attract interest from potential partners for further stakes. Additionally, Woodside adjusted its 2025 production forecast to between 188 million and 195 million boe following the sale of offshore oil and gas assets in Trinidad and Tobago.