Australia’s Woodside starts trading on NYSE

Shares of Australian LNG producer Woodside began trading on the New York Stock Exchange (NYSE) on Thursday under the ticker WDS.

This follows completion of Woodside’s merger with BHP’s oil and gas business, which created a top 10 global independent energy company by hydrocarbon production and the largest energy company listed on the ASX.

Woodside listed its shares in the form of American Depositary Shares (ADSs) on the NYSE.

“ADSs are US dollar denominated negotiable instruments represented by American Depositary Receipts (ADRs) issued by a depositary bank that facilitate US trading and investment in shares of non-US companies,” the LNG player said in a statement.

The ADRs would be issued under Woodside’s existing ADR program, which is administered by Citibank, it said.

Each Woodside ADS represents one ordinary share of the company. The shares closed yesterday at $23.15.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Germany’s DET offers short-term regas capacity at two LNG terminals

DET announced on Thursday the marketing of short-term regasification capacities at its FSRU-based LNG terminals in Brunsbüttel and Wilhelmshaven...

More News Like This

Chevron and Woodside in Australian LNG asset swap deal

The two firms announced the deal in separate statements on Thursday. Under the proposed transaction, Chevron Australia will transfer to...

Woodside gets environemntal nod for NWS extension project

After six years of assessment and appeals, this is a "critical" step in the approvals process to underpin the...

Woodside’s Louisana LNG project officially renamed

In October, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share. The...

Woodside, Bechtel seal revised EPC deal for Louisiana LNG project

Woodside said on Thursday the lump sum turnkey deal is for the three-train 16.5 million tonnes per annum foundation...