Australia’s largest independent natural gas and oil producers honed in on optimizing value for LNG exports and progressing gas field development projects in the second quarter while navigating domestic supply shortages. The recently renamed Woodside Energy Group Ltd. and Santos Ltd. both reported continued elevated pricing for liquefied natural gas (LNG) despite demand destruction in…
BHP Group
Articles from BHP Group
Woodside Weathers Production Issues, ‘Volatility’ with Heightened Oil, Gas Prices
Woodside Petroleum Ltd. management said a combination of maintenance, weather and geopolitical tensions impacted its oil and gas production and sales during the first quarter. However, heightened prices – especially for liquefied natural gas (LNG) – kept revenues strong. The Australian producer saw a mix of boons and setbacks with its gas businesses during the…
April 29, 2022
Woodside, BHP Agree to Merge in $28B Deal, Creating LNG Giant with Estimable Deepwater GOM Portfolio
Australia’s Woodside Petroleum Ltd and BHP Group said Tuesday they would merge their natural gas and oil portfolios in an all-stock transaction estimated to be worth $28 billion, to create one of the biggest producers in the world. The proposed merger under the Woodside brand would create the largest energy company listed on the Australian…
August 17, 2021
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