BHP and Woodside to merge oil and gas assets
The deal will create a significant player in the LNG market
Australian firms BHP Group and Woodside will combine their oil and gas assets into a new, expanded Woodside that will—they say—be among the world’s top-ten largest LNG producers. The deal will also see BHP Group exit the oil and gas sector. The expanded Woodside will be 52pc owned by its existing shareholders, with the remaining 48pc held by current BHP shareholders. The deal is backed by the boards of both companies but is still subject to regulatory and shareholder approval and is expected to be completed in the second quarter of 2022. The planned merger will form “the largest energy company listed on the ASX...[with] a high-margin oil portfolio, long-life LNG assets and the financial resi
Also in this section
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
