Woodside Energy names new CEO with sustainability focus

new leader

Elizabeth Westcott has been tapped to lead Woodside Energy. Photo courtesy Woodside Energy

Woodside Energy has officially named Elizabeth Westcott as its new managing director and CEO.

Westcott has served as the company's acting CEO since Meg O'Neill stepped down in December 2025. Woodside is headquartered in Australia with its global operations based in Houston.

Before joining Woodside as executive vice president of Australian Operations in 2023, Westcott served as COO at EnergyAustralia. She has also held leadership roles at ExxonMobil and Adriatic LNG.

At Woodside, she has overseen the $12.5 Scarborough Energy Project, which the company says is expected to be one of the lowest-carbon-intensity sources of LNG, as well as other major projects and initiatives.

“My focus as CEO is on sustainable value creation for Woodside shareholders, operational excellence and disciplined execution of our growth projects," Westcott said in a news release. “I look forward to working closely with the Board and Woodside’s strong leadership team to continue building a leading global energy company that delivers long-term value for shareholders, underpinned by a consistent focus on sustainability and high performance.”

Woodside Chair Richard Goyder added that Westcott was the top choice for the role.

“Liz’s proven track record of outstanding strategic leadership and disciplined delivery distinguished her as the Board’s top candidate for this role," Goyder said. “Liz’s extensive industry experience and strategic vision will be invaluable in leading Woodside at this significant moment in its history.”

Earlier this month, Westcott spoke on how sustainability is a priority for Woodside.

"Put simply, sustainable business is good business ... Because strong sustainability performance is not only the right thing to do. It also drives long-term value by helping to de-risk our business, secure future opportunities and support a compelling value proposition for investors," she said in her 2026 sustainability briefing.

Westcott called attention to the company's Beaumont New Ammonia project. The company acquired the Texas-based clean ammonia project in 204 for $2.35 billion. Production of lower‑carbon ammonia was initially expected sometime this year, but Westcott shared that delivery has been pushed back due to construction delays.

Read Westcott's full suitability briefing here.

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Energy leaders will discuss AI in energy, climate venture funding and the evolving energy workforce at the first-ever TEX-E Conference on Tuesday, April 15, at the Ion. Photo via the Ion

TEX-E hosts inaugural energy and climate conference in Houston this month

where to be

The Texas Exchange for Energy & Climate Entrepreneurship will host its inaugural TEX-E Conference on Tuesday, April 15, at the Ion.

The half-day event will bring together industry leaders, students, researchers, and others for panels and discussions centered around the theme of Energy & Entrepreneurship: Navigating the Future of Climate Tech. Topics will include AI in energy, climate venture funding and the evolving energy workforce. Bobby Tudor, CEO of Artemis Energy Partners, is slated to present the keynote.

A networking happy hour and an interactive trivia session are also on the lineup.

Here is the full schedule of events:

1:15 p.m. — Keynote Address: Fueling the Future: Balancing Energy Demands with Net Zero Solutions

Bobby Tudor, CEO of Artemis Energy Partners

1:50 p.m. — Emerging Technologies & AI in Energy

Rob Schapiro, Senior Director, Energy Partnerships, Microsoft
Prakash Seshadri, SBP of Engineering, Electrification Software, GE Vernova
Birlie Bourgeois, Director, Shale and Tight Asset Class, Chevron

Moderated by Timothy Butts, TEB Tech

2:30 p.m. — Break

2:40 p.m. — The Climate Capitalists: Funding the Next Generation

Neal Dikeman, Partner, Energy Transition Ventures
Eric Rubenstein, Founding Managing Partner, New Climate Ventures
Jim Gable, President, Chevron Technology Ventures
Juliana Garaizar, Venture Partner, ClimaTech Global Ventures

Moderated by Adam Ali, TEX-E Fellow

3:20 p.m. — Interactive Trivia Session

3:30 p.m. — The Talent Transition: Navigating Energy Careers in a Changing World

Gin Kinney, Executive Vice President, Chief Administrative Officer, NRG
Loretta Williams Gurnell, SUPERGirls SHINE Foundation

4:10 p.m. — Closing Remarks

4:30-6:30 p.m. – Brewing Innovation Mixer at Second Draught

TEX-E launched in 2022 in collaboration with Greentown Labs, MIT’s Martin Trust Center for Entrepreneurship, and five university partners — Rice University, Texas A&M University, Prairie View A&M University, University of Houston, and The University of Texas at Austin. It's known for its student track within the Energy Venture Day and Pitch Competition at CERAWeek, which awarded $25,000 to HEXASpec, a Rice University-led team, earlier this year.

Houston-based Oxy and Woodside Energy sponsor the TEX-E Conference. Register here.

OCI broke ground on the project in 2022. Photo via oci-global.com

Woodside to acquire clean ammonia project outside of Houston in $2.4B deal

seeing green

Woodside Energy has announced its acquiring a Beaumont, Texas, clean ammonia project that's slated to deliver its first ammonia by 2025 and lower carbon ammonia by 2026.

The agreement is for Woodside to acquire 100 percent of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont in an all-cash deal of approximately $2.35 billion. According to Woodside CEO Meg O’Neill, the acquisition positions Woodside as an early mover in clean ammonia within the energy transition.

“This transaction positions Woodside in the growing lower carbon ammonia market," O’Neill says in a news release. "The potential applications for lower carbon ammonia are in power generation, marine fuels and as an industrial feedstock, as it displaces higher-emitting fuels.

“Global ammonia demand is forecast to double by 2050, with lower carbon ammonia making up nearly two-thirds of total demand," she continues. “This Project exceeds our capital allocation framework targets for new energy projects. Both phases are expected to achieve an internal rate of return above 10 percent and payback of less than 10 years."

OCI broke ground on the project in 2022. It's reportedly the world’s first ammonia plant paired with auto thermal reforming with over 95 percent carbon dioxide capture.

Phase 1 of the project will have a capacity of 1.1 million tonnes per annum and is currently under construction. The first ammonia production will be derived from natural gas and is slated for 2025, with lower carbon ammonia production — derived from natural gas paired with carbon sequestration — is expected in in 2026 following commencement of CCS operations

According to the release, Phase 2 will have the capacity to abate 3.2 million tonnes per annum CO2-e, "or over 60 percent of our Scope 3 abatement target,” O’Neill explains.

Linde will source the nitrogen and lower carbon hydrogen feedstock from its feedstock facility, which is currently under construction with a targeted completion in early 2026. In the meantime, early supply of feedstock for the project will come from various suppliers including Linde. Per the release, CCS services will be provided to Linde by ExxonMobil and are expected to be available in 2026.

Woodside Energy has committed $12.5 million to a new partnership with Rice University. Photo via Instagram/WoodsideEnergy

Woodside Energy backs $12.5M clean energy accelerator for new technologies

howdy, partner

A global Australian energy company with its international operations in Houston has backed a new climatetech accelerator in partnership with Rice University.

Woodside Energy, headquartered in Australia with its global operations in Houston following its 2022 acquisition of BHP Group, has committed $12.5 million over the next five years to create the Woodside Rice Decarbonization Accelerator.

"The goal of the accelerator is to fast track the commercialization of innovative decarbonization technologies created in Rice labs," Rice University President Reginald DesRoches says to a crowd at the Ion at the initiative's announcement. "These technologies have the potential to make better batteries, transitistors, and other critical materials for energy technologies. In addition, the accelerator will work on manufacturing these high-value products from captured and converted carbon dioxide and methane."

"The Woodside Rice Decarbonization Accelerator will build on the work that Rice has been doing in advanced materials, energy, energy transition, and climate for many years. More than 20 percent of our faculty do some related work to energy and climate," he continues. "Harnessing their efforts alongside an esteemed partner like Woodside Energy is an exciting step that will undoubtedly have an impact far and wide."

Rice University announced the new climate tech initiative backed by Woodside Energy this week. Photo by Natalie Harms/InnovationMap

Woodside, which has over 800 employees based in Houston, has been a partner at the Ion since last spring. Daniel Kalms, Woodside Energy's CTO and executive vice president, explains that the new initiative falls in line with the three goals of Woodside's climate strategy, which includes keeping up with global energy demand, creating value, and conducting its business sustainably. The company has committed a total of $5 billion to new energy by 2030, Kalms says.

"We know that the world needs energy that is more affordable, sustainable, and secure to support the energy transition — and we want to provide that energy. Energy that is affordable, sustainable, and secure requires innovation and the application of new technology. That's what this is about," he says.

"Of course collaboration will be the key," Kalms continues. "By working with researchers, entrepreneurs, leading experts and parallel industries, we can combine our capability to solve collective challenges and create shared opportunities. That's why we are excited to be partnering with Rice."

The accelerator will be run by Paul Cherukuri, vice president of innovation at Rice University, and Aditya Mohite, associate professor of Chemical and Biomolecular Engineering and Materials Science and Nanoengineering. Additional Rice professors will be involved as well, Cherukuri says.

"Success for us will not be papers, it will be products," Cherukuri says of what Woodside wants from the partnership. "We picked faculty at Rice in particular who were interested in taking on this charge, and they were all faculty who created companies."

Last fall, Rice announced a grant and venture initiative to accelerate innovation from Rice in the biotech space.

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This article originally ran on InnovationMap.

ALLY Energy celebrated over 50 honorees at its annual awards event. Photo via LinkedIn

Top Houston energy teams, individuals, and companies honored at annual awards

meet the winnenrs

The brightest stars in Houston's energy community celebrated wins at an annual awards event this week.

ALLY Energy, a company that works with its clients to make the energy industry more equitable, hosted its seventh annual GRIT Awards and Best Energy Workplaces on October 26 — and named its prestigious winners. EnergyCapitalHTX, as well as its sister site InnovationMap, was a media partner for the event.

“Every year, we are astounded at how many impressive, committed people are demonstrating leadership and grit in their work to advance the energy transition and build more diverse, equitable and inclusive workplaces,” ALLY Energy CEO Katie Mehnert says in a news release naming the finalists. “This year is no exception. This is the time to celebrate so many crucial achievements that may otherwise go overlooked in the energy sector and in broader society.”

In addition to naming its winners, ALLY celebrated three Lifetime Achievement Award honorees who have distinguished careers championing change in energy and climate in the private or public sector in the areas of technology, policy, and workforce: John Berger, CEO of Sunnova Energy; Rhonda Morris, vice president and chief human resources officer of Chevron; and Amy Chronis, vice chair, US energy and chemicals leader, and Houston managing partner at Deloitte.

The big winners of 2023 are as follows.

The Professional Award

Alex Loureiro, Scientific Director at EnerGeo Alliance
Crystal McNack, Diversity, Equity, and Inclusion Advisor at Enbridge Inc.
Dani Milling, Gulf of Mexico Environmental Engineer & Mexico HSE Coordinator at Chevron
Katie Zimmerman, Decarbonization Director, Americas at Wood
Mark Klapatch-Mathias, Sustainability Coordinator at the University of Wisconsin-River Falls
Natalie Valentine, Director - Business Performance at Worley
Syed Fahim, Global ESG Lead at SLB
Tane Bates, Regional Operations Manager at Certarus LTD
Ujunwa Ojemeni, Senior Policy Advisor - Energy Transition & Technical Assistance Delivery at E3G - Third Generation Environmentalism

The Executive Award

Cara Hair, SVP of Corporate Services, Chief Legal and Compliance Officer at Helmerich & Payne
Emma Lewis, Senior Vice President USGC Chemicals & Products at Shell
Jeremy Campbell-Wray, Strategic Accounts and Enterprise Growth Market Executive at Baker Hughes
Maggie Seeliger, SVP & Global Head of Strategy, Energy & Resources at Sodexo
Max Chan, Senior Vice President, Corporate Development Officer at Enbridge
Megan Beauregard, Chief Legal Officer, Secretary, and Head of Policy and Regulatory Affairs at Enel North America, Inc.
Sarah Delille, Vice President of US Country Management at Equinor
Whitney Eaton, EVP, People & Sustainability at TGS Energy

The JEDI Award

Jason Limerick, Sustainability Strategy Lead at Woodside Energy
Melina Acevedo, Associate & Partnerships Lead at DE Shaw Renewable Investments

The Entrepreneur Award

Charli Matthews, CEO at Empowering Women in Industry
Mike Francis, Co-Founder and CEO at NanoTech

The ESG & Climate Champion Award

Andrea Hepp, Deal Lead at Shell
Brittney Marshall, Senior Advisor, Climate Strategy and Policy at Woodside Energy
Gabriel Rolland, Vice President, Corporate QHSE at TGS Energy
Sandhya Ganapathy, Chief Executive Officer at EDP Renewables North America

Gritty Girl Award

Deepasha Baral, Student at the University of Petroleum and Energy Studies

Best Affinity Group, Employee Resource Group Award, sponsored by ChampionX

Baker Hughes
ChampionX
Shell
TPI Composites
Women's Energy Network Houston
Wood Mackenzie
Worley

Best Energy Team Award, sponsored by Ovintiv

Advisian Material Handling
Halliburton Labs
NOV Marketing
Syzygy Plasmonics, Rigel Manufacturing & Launch Team

Best Energy Workplaces Award

Aera Energy LLC
Baker Hughes
ChampionX
EDP Renewables North America
Enel
Global Edge Group
Shell
Southwestern Energy
Sunnova Energy International
TGS Energy
Wood
Woodside Energy

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Alabama-based renewable fuels company to move HQ to Houston

welcome to houston

An Alabama-based clean tech company is moving its headquarters to Houston.

Alléo Energy announced that it will move its headquarters from Bay Minette, Alabama, to Houston's Ion District. The company develops carbon-negative fuels and renewable commodities through its conversion technology that turns wood waste and cellulosic feedstocks into high-energy, high-yield syngas.

The news comes after Alléo announced the appointment of Benjamin Cowart as its new CEO. Cowart will succeed Alléo founder Simeon Chow, who will serve as president.

“Ben doesn’t need to be sold on carbon-negative fuels; he’s already building in this exact space, and he’s thrived through some of the hardest conditions the industry has faced,” Chow said in a news release. “He knows how to scale and he knows the capital markets that finance them; he turns the hurdles that stall other companies into momentum. Bringing a leader of his caliber in as CEO is a defining, energizing moment.”

Cowart previously founded Houston-based renewables Vertex Energy Inc. The company went public on the Nasdaq exchange in 2009 through a reverse merger. He served as chairman and CEO of the company, which was later taken private by a consortium led by BlackRock.

Cowart also founded EVH Corp., a venture platform focused on building in hydrogen, methanol, sustainable aviation fuel (SAF), and low-carbon marine fuels.

“I’ve spent my career turning advanced process technology into high-performing enterprises that deliver both economic and environmental returns in an industry defined by headwinds,” Cowart added in the release. “The winners in energy transition aren’t the ones with the best headline; they’re the ones that keep their economics intact when subsidies move, feedstock prices swing, and capital gets expensive. Alléo is well-built for that. I’ve rarely seen a technology company this well positioned for what the market is demanding. The science is proven; now it’s about disciplined execution, financing, and building more plants. This is the work I love most.”

Alléo plans to scale its proprietary conversion technology. The company commissioned the first phase of its Alabama facility in 2023, which produced renewable diesel made entirely from wood waste, which could be converted to SAF.

The company says that it has $50 million invested in initial research and development, and that additional facilities are in the planning stages.

J.J. Watt takes a run at energy sector with Base Power investment

power play

Since retiring from the NFL three years ago, Houston Texans legend J.J. Watt has been exploring a new field—investing.

In 2023, the former defensive end and current CBS Sports football analyst bought a stake in English soccer team Burnley FC. A year later, he invested in the PopUp Bagels chain.

This summer, Watt made what may be his highest-profile investment yet. He contributed to a $1 billion Series D round for Austin-based energy startup Base Power, which has an office in Houston. It’s Watts’ first investment in the energy sector.

“I like companies that solve real problems, and Base is lowering power bills, protecting families, and building the whole thing themselves right here in Texas,” Watt said in a company news release.

“What impressed me wasn’t just how fast they’ve grown,” he adds. “It’s that they’ve already saved Texans millions on their power bills and kept thousands of homes running when the lights went out. That’s why I invested.”

Base Power is building a distributed network of residential batteries that’s designed to strengthen the grid and lower electrical bills. The startup now powers more than 30,000 homes in Texas, including the Houston area, and recently expanded to Illinois.

Base Power’s $1 billion round lifted its valuation to $13 billion. Since being founded in 2023, the startup has raised more than $2.5 billion.

“JJ is a legend in this state, and he earned that as much for how he shows up off the field as for what he did on it,” says Zach Dell, co-founder and CEO of Base Power. "He spent a full day with us asking every hard question he could think of, and then he switched to Base himself. We’re glad to have him partnering with us.”

Zach Dell is the only son of Austin billionaire Michael Dell, chairman and CEO of Round Rock-based Dell Technologies. Michael Dell grew up in Bellaire.

Leading energy companies power Houston's presence on Fortune Global 500

world class

Nine Houston companies landed on the 2026 Fortune Global 500 list, which ranks the world's largest corporations by revenue for the 2025 fiscal year.

Houston's showing on the list was led by energy companies, with Spring’s ExxonMobil claiming the top local spot. Here’s what Houston-area companies made the list, and where they ranked:

No. 15 ExxonMobil
No. 36 Chevron
No. 61 Phillip 66
No. 159 Sysco
No. 243 ConocoPhillips
No. 292 Enterprise Products Partners
No. 343 Plains GP Holdings
No. 460 SLB
No. 481 Hewlett Packard Enterprise

After 12 years as No.1, Arkansas-based Walmart was replaced this year by Seattle-based Amazon in the top spot for 2026. Amazon achieved this by bringing in $700 billion in revenue in 2025, representing a 12 percent increase from the previous year.

"Across global business, we see again and again that the leaders who are winning are those who embrace change,” Alyson Shontell, Fortune's editor in chief and chief content officer, said in a news release. "Amazon has topped the Fortune Global 500, knocking Walmart off its pedestal. The company has continually reinvented itself across new businesses and bold bets—including a $200 billion capital commitment, largely to building its capacity for AI and cloud computing, in this year alone."

The U.S. has 141 companies on the 2026 Fortune Global 500 list, which is the most of any country. Companies in America generated $15.5 trillion in aggregate revenues, a 6 percent increase from the previous year.

The number of women CEOs at Fortune Global 500 companies reached a record of 34 top leaders, who represented 6.8 percent of CEOs of companies on the list.

Technology was the standout growth industry on this year’s list, with 38 companies earning revenues that grew 20 percent to about $4 trillion in 2025, with profits climbing 36 percent to $835 billion. The financial sector accounted for the largest share of companies on the list again, with 123 companies in that sector. The energy sector claimed the No. 2 industry spot with 77 companies making the list.

In June, the Fortune 500 list was released, and Texas led the United States with 57 Fortune 500 companies headquartered in the state, generating $2.8 trillion in combined revenue.

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