Woodside shareholders OK merger with BHP’s unit

Australian LNG player Woodside said on Thursday its shareholders have approved the planned merger with BHP’s oil and gas business.

“Today is a momentous day for our company. Our shareholders have voted to approve the proposed merger with BHP’s petroleum business at our annual general meeting,” Woodside said in a social media post.

“This is an important step towards implementation of the merger, targeted for June 1,” it said.

Woodside revealed in November it had signed a binding merger agreement with BHP’s petroleum business. On the same day, it also took a final investment decision on the Scarborough and Pluto LNG Train 2 developments worth about $12 billion.

After that, the firm said it would appoint at least four BHP executives to the leadership team of the merged company.

The merger would create a top 10 global LNG producer worth about $40 billion and transform Woodside by doubling production, diversifying the portfolio and offering multiple growth opportunities, the firm previously said.

On completion of the merger, Woodside will issue new shares expected to comprise about 48 percent of all Woodside shares on a post-issue basis as consideration for the acquisition of BHP Petroleum.

Most Popular

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

More News Like This

South Korea’s SNT Energy scores more Louisiana LNG work

US engineering and construction giant Bechtel has awarded South Korea's SNT Energy more work to provide additional air coolers for Woodside's Louisiana LNG export project.

Woodside updates on Louisiana LNG construction work

Australian LNG producer Woodside has released the latest construction update for the first phase of its Louisiana LNG project.

Woodside, China Resources Gas seal long-term LNG supply deal

Australian LNG player Woodside has signed a long-term LNG supply deal with China Resources Gas International.

Woodside expects first Scarborough LNG cargo in H2 2026

Australian LNG player Woodside expects to ship the first cargo from its Scarborough and the second Pluto LNG train project in the second half of 2026.