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.
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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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