Woodside history

1973 - Lambert Discovery Woodside discovers the Lambert oil fields on the North West Shelf.

1974 - Sunrise and Troubadour Discoveries The Sunrise and Troubadour gas fields are discovered in the Timor Sea, north-west of Darwin.

1977 - North West Shelf agreement Woodside Executive Director Ric Charlton and WA Premier Sir Charles Court announce agreement on key terms and conditions for the North West Shelf Project.

1979 - North West Shelf environmental approval State and Commonwealth governments give environmental approval for the commencement of the North West Shelf Gas Project.

1980 - NWS Domgas and Construction The North West Shelf Project participants sign the contracts for the long-term supply of gas to Western Australian customers.

Delta Woodside was founded by Bettis Rainsford and Erwin Maddrey in 1983.

Alchem's first important acquisition of this period was Woodside Mills, Inc., formerly a division of Dan River, Inc., in 1984.

Alchem completed two important acquisitions in 1985.

Late in 1986, Alchem's name was changed to Delta Woodside Industries, Inc.

For fiscal 1987, net sales reached $417 million.

For the fiscal year ending in July 1988, Delta Woodside's earnings were $27.6 million, up from $21.3 million the previous year, on net sales of $489 million.

For the year ending July 1, 1989, Delta earned $9.9 million on sales of $569 million.

Starting in the early 1990’s many Asian Americans moved into the neighborhood, most of them Chinese, Filipino, and Korean.

In 1991, Delta Woodside benefited from a huge rush of sales attributable to the Persian Gulf War.

As a whole, Delta Woodside's net sales set a company record of $705 million for fiscal 1992.

In January 1993, Delta Woodside announced that it had acquired a 100 percent interest in Nautilus International, Inc., the Virginia-based manufacturer of fitness equipment.

1994 - Laminaria oil field discovery Woodside discovers the Laminaria oil field in the Timor Sea.

In 1998, still reeling from declining sales and profits, management decided to sell its StevcoKnit Fabrics Division, which eliminated almost 1,000 jobs.

In the winter of 1999, the company sold off Nautilus to Focus Corporation, a firm in the fitness equipment industry.

2000 - LNG expansion Letters of Intent The long-running negotiations with the Japanese LNG Buyers for a major expansion of the (NWS) LNG project accelerated towards a successful conclusion in late 2000 when the first of several Letters of Intent were signed with existing customers.

2001 - green technologies Woodside builds a venture capital vehicle to invest in early stage green technologies.

2002 - 25-year LNG contract The Woodside-operated North West Shelf Project wins a 25-year contract to supply LNG to China.

2005 - Pluto Discovery Woodside discovers the Pluto gas field in the north-west of Western Australia.

2006 - Nganhurra begins production The Nganhurra FPSO (Enfield) begins production.

2008 - 5th NWS train production 2008 Woodside starts production from the fifth LNG processing train at the Karratha onshore gas plant.

2009 - Angel, Donaldson The Woodside-operated North West Shelf Project commissions the Angel gas platform.

2011 - Okha FPSO The Okha FPSO is commissioned for the North West Shelf Project, replacing the Cossack Pioneer.

2012 - Pluto begins production Woodside’s Pluto LNG begins production and delivers its first cargo to Japan.

2014 - Anniversaries Woodside celebrates its 60th anniversary.

2020 - Sangomar Field Development Approved Woodside took an unconditional final investment decision (FID) for Sangomar Field Development Phase 1 and execution phase activities commenced.