Woodside News

 

Woodside Sells 15.1% Scarborough Stake to JERA for $1.4B

Feb 23, 2024

Australia's Woodside Energy has entered agreement with Japan’s largest power generation company JERA for the sale of 15.1% non-operating participating interest in the Scarborough gas field development project offshore Australia.The total consideration…

Woodside Energy, Santos End Talks on $52 Billion Merger

Feb 06, 2024

Australia's Woodside Energy and Santos said on Wednesday they had ended talks to create a possible A$80 billion ($52 billion) global oil and gas giant.Woodside, which is more than twice as large as Santos in terms of market value and revenue…

Woodside’s Trion Receives Regulatory Approval

Aug 29, 2023

Woodside has announced that the Trion field development plan (FDP) has been approved by the Mexican regulator, Comision Nacional de Hidrocarburos (CNH).Woodside’s final investment decision (FID) to develop the Trion resource, announced 20 June 2023…

Woodside Reports Strong Half Year Results

Aug 22, 2023

Woodside has released its half-year financial results which show a net profit after tax (NPAT) of US$1,740 million. Underlying NPAT was US$1,896 million, up 4% on the corresponding period in 2022, reflecting a full period of results with Woodside’s expanded operations portfolio…

Unions Notify Woodside They May Strike at Key Australia Platforms

Aug 20, 2023

Unions at Woodside Energy Group's North West Shelf offshore gas platforms on Sunday announced plans to strike as early as Sept. 2, which could eventually disrupt shipments of LNG from top global exporter Australia.The strike threat escalates…

Woodside Returns Trinidad Offshore Exploration Block Found Uneconomic

Jul 13, 2023

Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday.Trinidad and Tobago is pushing…

Offshore Worker Dies in Incident on Woodside's North Rankin Complex

Jun 02, 2023

An employee of one of Woodside’s contractor companies on the Woodside-operated offshore North Rankin Complex died in an incident that occurred at approximately 12.00pm AWST Friday.The incident occurred during work activity being carried out at the North Rankin Complex…

Woodside Directors Re-elected Despite Climate Strategy Concerns

Apr 28, 2023

Woodside Energy Group Ltd's WDS.AX shareholders on Friday supported its management pay report and re-election of directors despite a strong push by activist groups and some smaller investors upset over its climate report to reject the plans…

Woodside Cuts Output Guidance on Gulf of Mexico Project Delay

Jul 21, 2022

Australia's Woodside Energy Group trimmed its production outlook for 2022 on Thursday and flagged a possible delay to a U.S. oil project inherited with BHP Group's petroleum assets, sending its shares down 4%.Woodside, now a top 10 global independent oil and…

Bumi Armada Loses Appeal in FPSO Contract Termination Case Against Woodside

Jun 24, 2022

Malaysian FPSO leasing company Bumi Armada has lost its appeal in relation to a 2020 court decision in which it had lost a case against Woodside concerning an FPSO contract termination from 2016.Woodside terminated the contract in 2016 for the FPSO Armada Claire…

Woodside Energy, BHP Petroleum Merger Complete

Jun 01, 2022

Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…

Woodside Shareholders Vote in Favor of Merger with BHP's Oil and Gas Business

May 19, 2022

Australian oil and gas company Woodside said that its shareholders voted to approve the proposed merger with BHP's oil and gas business at its Annual General Meeting on Thursday, with 98.66% of the votes in favor of the merger.'All conditions…

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

May 17, 2022

Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…

Australia: Woodside Shareholders to Benefit from $40B BHP Merger - KPMG

Apr 08, 2022

Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.Global miner BHP agreed to…

Pluto Gas Processing Starts at Australia's North West Shelf, Woodside Says

Mar 31, 2022

Australian oil and gas company Woodside said Wednesday that the processing of gas from the offshore Pluto fields in W. Australia had started ahead of schedule at the North West Shelf Project’s (NWS) Karratha Gas Plant (KGP). 'This accelerated…

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