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

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

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

While Brazil has been dragging its feet on the Rio-São Paulo bullet train for 30 years, California has turned its own into a zombie project: 18 years, $126 billion, 60 viaducts completed, and zero meters of track laid, with Trump cutting $4 billion in July.

While Brazil has been discussing the Maracanã renovation for 25 years and struggles to keep the Arena MorumBis open, Abu Dhabi signs a $1.7 billion deal to build the world’s second Sphere on an artificial island, with 20,000 seats, by 2029.

Supermarket giant buys 12 stores, Distribution Center, and two chains and accelerates expansion

Brazil erects a digital wall along 16,886 km of borders with 10 countries, using sensors, radars, military communications, and the Army’s decision-making system to protect one of the largest land stretches on the planet and showcase the technological strength of national defense.

For the first time in history, a submarine cable will descend to four thousand meters deep under the ice of the North Pole to ensure that the internet between Europe and Asia no longer depends on conflict zones in the Middle East.

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

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

European stocks rise with oil drop after Trump’s remarks on Iran as investors monitor global tension

While the Brazil-Peru rail has been under study for 11 years, China-Brazil unlock the $18.5 billion bi-oceanic corridor Manaus-Chancay to challenge the Panama Canal

While Brazil has been dragging its feet on the Rio-São Paulo bullet train for 30 years, California has turned its own into a zombie project: 18 years, $126 billion, 60 viaducts completed, and zero meters of track laid, with Trump cutting $4 billion in July.

While Brazil has been discussing the Maracanã renovation for 25 years and struggles to keep the Arena MorumBis open, Abu Dhabi signs a $1.7 billion deal to build the world’s second Sphere on an artificial island, with 20,000 seats, by 2029.

Supermarket giant buys 12 stores, Distribution Center, and two chains and accelerates expansion

Brazil erects a digital wall along 16,886 km of borders with 10 countries, using sensors, radars, military communications, and the Army’s decision-making system to protect one of the largest land stretches on the planet and showcase the technological strength of national defense.

For the first time in history, a submarine cable will descend to four thousand meters deep under the ice of the North Pole to ensure that the internet between Europe and Asia no longer depends on conflict zones in the Middle East.