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
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
