Woodside and Santos Announce Merger to Create Gas Giant - Combination Confirmed!

Woodside and Santos Announce Merger to Create Gas Giant – Combination Confirmed!

Written by Paulo Nogueira

Published on 09/12/2023 at 00:42

Updated on 09/12/2023 at 00:54

Planta de GNL Pluto, da Woodside (Foto: Jarrad Seng) – Todos os direitos: EPBR

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Woodside Energy and Santos Completed Merger and Became Global Leaders in LNG, with a Combined Value of R$ 260 Billion.

The companies Woodside Energy Woodside Energy and Santos are in advanced negotiations for a possible merger, according to sources close to the companies. The merger of the two giants in the sector of oil and natural gas could create one of the largest companies in the field, with a combined market value exceeding R$ 260 billion.

This potential merger represents an important combination of assets and expertise, which could further strengthen the companies’ presence in the global market. The union of the strengths of Woodside and Santos would open new opportunities for growth and expansion in the energy sector, benefiting shareholders and consumers worldwide.

Oil and Gas Sector Consolidation Drives Mergers and Acquisitions

The oil companies primarily operate in Australia, but also have oil and gas fields in the Gulf of Mexico, Alaska, and Trinidad and Tobago.

ARTICLE CONTINUES BELOW

Global LNG Exports Keep Australia as Leader

Australia was, in 2022, the leader in global LNG exports, with 80.9 million tons – a market share of about 20%, according to the International Gas Union (IGU). The main destinations for Australian gas are Japan, China, and South Korea.

Woodside Energy Completes Merger with BHP’s Business Unit

Last year, Woodside completed the merger with the oil and gas business unit of British BHP, which retained 48% of the shares in the new company.

Large Mergers and Acquisitions Drive Oil and Gas Sector

The oil and gas sector is going through a period of consolidation.

Just in October of this year, two of the largest deals of the century were announced: the ExxonMobil and Pioneer merger, in a deal worth US$ 60 billion (R$ 300 billion); and the Chemron and Hess deal, worth US$ 53 billion (R$ 266 billion).

Chevron had already acquired PDC Energy in May for US$ 6.3 billion.

Source: EPBR

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Woodside and Santos Announce Merger to Create Gas Giant – Combination Confirmed!

Woodside Energy and Santos Completed Merger and Became Global Leaders in LNG, with a Combined Value of R$ 260 Billion.

Oil and Gas Sector Consolidation Drives Mergers and Acquisitions

Global LNG Exports Keep Australia as Leader

Woodside Energy Completes Merger with BHP’s Business Unit

Large Mergers and Acquisitions Drive Oil and Gas Sector

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Woodside and Santos Announce Merger to Create Gas Giant – Combination Confirmed!

Woodside Energy and Santos Completed Merger and Became Global Leaders in LNG, with a Combined Value of R$ 260 Billion.

Oil and Gas Sector Consolidation Drives Mergers and Acquisitions

Global LNG Exports Keep Australia as Leader

Woodside Energy Completes Merger with BHP’s Business Unit

Large Mergers and Acquisitions Drive Oil and Gas Sector

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

IEA reduces forecast for global oil demand in 2026 after impacts of the Middle East crisis

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Morocco wants to end water scarcity and the sea is the secret: the country invests $14 billion, builds the largest desalination plant in Africa, and aims to source 60% of its drinking water from the ocean by 2030.

Cuba is abandoned and a giant ship arrives to help: the vessel brings 100 tons of food, medicine, and solar panels after an oil blockade, while the island faces blackouts, fuel shortages, and has received only one oil tanker in months.

Hilux owners are having headaches, and Toyota is betting on a R$ 2,500 solution with a detail of just 5 mm that promises to reduce vibrations to 1/10 and change the pickup’s behavior on the road.

China’s logistical rise raises an alert for Brazilian infrastructure: AI-driven ports handle 47 million TEU, Beijing invests R$ 285 billion in Africa and threatens up to US$ 60 billion of Brazilian agribusiness while Santos faces historical bottlenecks.