Woodside Energy Group (NYSE:WDS) Azioni

Woodside Energy Group

Incorporated in 1954 and named after the small Victorian town of Woodside, Woodside's early exploration focus moved from Victoria's Gippsland Basin to Western Australia's Carnarvon Basin. First LNG production from the North West Shelf came in 1984. BHP Billiton and Shell each had 40% shareholdings before BHP sold out in 1994 and Shell sold down to 34%. In 2010, Shell further decreased its shareholding to 24%. Woodside has the potential to become the most LNG-leveraged company globally.

Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share

Woodside Energy Group Ltd

WORLD SCAN PROJ INC by WORLD SCAN PROJ INC

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WIIM

Woodside Energy Group shares are trading higher after the company's joint venture was granted environmental approval for its project extension.

News

Woodside And The North West Shelf Joint Venture Welcome The Federal Government's Proposed Decision To Grant Environmental Approval For The North West Shelf Project Extension

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Shares of oil and gas companies are trading higher amid US-China trade progress, President Trump's Middle East trip and softer-than-expected April inflation figures, which could lift demand sentiment.

Reported Earlier, Woodside Secures bp Gas Supply Deal For Louisiana LNG Project, Targeting 640 Bcf for Delivery Starting 2029

Woodside Energy shares are trading higher after the company reported a year-over-year increase in Q1 revenue results.

Operations
<ul>
<li>Maintained exceptional production from Sangomar of 78 Mbbl/day (Woodside equity interest) produced in the quarter.</li>
<li>Quarterly production of 49.1 MMboe (546 Mboe/day), down 4% from Q4 2024 due to weather impacts at NWS and unplanned outages at Pluto, partially offset by higher production at Shenzi and Atlantis. Quarterly production increased 9% from Q1 2024 due to the addition of Sangomar production.</li>
<li>Quarterly revenue of $3,315 million, down 5% from Q4 2024 primarily due to lower production and lower oil-linked prices. Quarterly revenue increased 13% from Q1 2024 due to Sangomar start-up in July 2024 and high gas hub-linked prices.</li>
<li>Sold 25.4% of produced LNG at prices linked to gas hub indices in the quarter (9.4% of total equity production).</li>
</ul>

Earnings

Reported Earlier, Woodside Energy Q1 Revenue $3.315B Up From $2.945B YoY; Quarterly Production 49.1 MMboe (+9% YoY)

Woodside Energy Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) on Thursday disclosed that it penned LNG <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44854421/woodside-signs-lng-supply-agreements-with-uniper" rel="noreferrer noopener">sale and purchase agreements</a> with Uniper SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UNPRF#OTC">UNPRF</a>).
Under the agreements, Louisiana LNG LLC will provide 1.0 Mtpa of LNG on a free-on-board (FOB) basis for up to 13 years starting from the commercial operations date (COD) of the Louisiana LNG project.
Additionally, Woodside Energy Trading Singapore Pty. Ltd. will deliver up to 1.0 Mtpa of LNG into Europe on a delivered ex-ship (DES) basis, beginning with Louisiana LNG's COD and continuing through 2039, drawing from Woodside's global portfolio.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42743811/chart-industries-secures-11-million-lng-deal-with-bechtel-and-woodside-energy" rel="noreferrer noopener">Chart Industries Lands LNG Deal: Powering Woodside Energy's Louisiana Expansion</a>
Woodside CEO Meg O'Neill described the deals as a significant step forward in advancing the Louisiana LNG project toward a final investment decision (FID).
These agreements remain subject to Woodside's FID on the proposed three-train, 16.5 Mtpa foundation development of Louisiana LNG.
O'Neill added, "Louisiana LNG is Woodside's largest growth project. It leverages the robust US gas resource, an outstanding site, best-in-class EPC and technology partners and Woodside's track record of successful project delivery."
"The addition of Atlantic Basin LNG supply to our established position in the Pacific strengthens Woodside's portfolio and allows us to tailor contract structures based on various price indices and tenures to better meet our customers' diverse needs."
Michael Lewis, Uniper CEO, added, "This deal will support our security of supply and flexible generation strategy together with the potential development of additional gas-fired power plants in Germany to complement the renewable build-up."
This month, Woodside inked a binding deal to sell a&nbsp;40% stake in Louisiana LNG Infrastructure&nbsp;LLC to&nbsp;Stonepeak. As per the deal, Stonepeak plans to invest $5.7 billion in the development of the three-train, 16.5 mtpa <a target="_blank" href="https://www.benzinga.com/news/asset-sales/25/04/44668895/woodside-energy-sells-40-stake-in-louisiana-lng-project-for-5-7-billion" rel="noreferrer noopener">foundation phase of Louisiana LNG</a>.
Price Action: WDS claims are up 3.62% to $12.89% at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/contracts/24/12/42584936/chevron-secures-larger-north-west-shelf-stake-in-asset-swap-400m-payment-to-woodside" target="_blank" rel="noreferrer noopener">Chevron, Woodside Finalize Asset Swap In $400 Million deal</a></li>
</ul>
Photo via Shutterstock

Equities

Large Cap

Contracts

UNPRF

Woodside Secures Up To 2 Mtpa LNG Offtake With Uniper Ahead of Final Louisiana FID

U.S. stock futures rose on Thursday ahead of the long weekend, with Good Friday falling on April 18 and Easter Sunday on April 20. Futures of major benchmark indices were higher in premarket.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">Federal Reserve</a> Chairman Jerome Powell dismissed the possibility of a &#8220;Fed put&#8221; in the near term while speaking in Chicago on Wednesday.
&#8220;We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension. If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close,&#8221; said Powell.
U.S. export restrictions on Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">H20 GPUs</a> pulled the stock market down on Wednesday.
The 10-year Treasury bond yielded 4.32% and the two-year bond was at 3.82%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 86.4% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting.
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<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.75%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.83%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.02%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.66%</td>
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</tbody>
</table>
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The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.03% to $531.05, while the QQQ advanced 1.04% to $448.78, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks closed sharply lower on Wednesday, driven by a significant sell-off in the semiconductor sector and broader tech weakness.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) experienced a steep decline, with Nvidia Corp. and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both falling approximately 7% following new export restrictions on Nvidia chips to China.
This news heavily impacted the information technology sector, which, along with consumer discretionary and communication services, recorded the largest losses. In contrast, energy stocks defied the overall downward trend, closing higher.
Among individual companies, Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) reported better-than-expected first-quarter results, and Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) posted upbeat first-quarter adjusted EPS.
On the economic front, U.S. industrial production fell by 0.3% in March, slightly more than anticipated. However, U.S. retail sales surged 1.4% month-over-month in March, exceeding both the previous month&#8217;s gain and market expectations.
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<td>Index</td>
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<td>Nasdaq Composite</td>
<td>-3.07%</td>
<td>16,307.16</td>
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<td>S&amp;P 500</td>
<td>-2.24%</td>
<td>5,275.70</td>
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<td>Dow Jones</td>
<td>-1.73%</td>
<td>39,669.39</td>
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<td>Russell 2000</td>
<td>-1.03%</td>
<td>1,863.48</td>
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Insights From Analysts:
According to Scott Wren, the senior global market strategist at Wells Fargo, &#8220;current equity levels offer an attractive entry opportunity even with the bounce higher off the recent lows.&#8221;
Wren further emphasized the importance of having a &#8220;plan of action or at least be happy with where you currently stand,&#8221; regardless of individual perspectives on the implemented tariffs.
&#8220;Over the course of the last couple of weeks, we have seen the administration go from an aggressive reciprocal tariff strategy that involved meaningful universal tariffs on virtually all of our trading partners to a pause that suspends most reciprocal tariffs but leaves a 145% levy on imports from China,&#8221; Wren notes.
Despite the tariff uncertainty, Wren&#8217;s firm maintains a view that the U.S. economy was already heading for a slowdown in the first half of the year, even before the current trade strategies were implemented. &#8220;From our perspective, even before the current tariff strategies were deployed, our analysis suggested the economy was going to hit a bump in the road and slow in the first half of this year. That line of thought is still intact,&#8221; Wren states.
Wren also suggests a strategic shift in fixed income, advising investors to &#8220;move money from bonds, specifically the intermediate portion of the yield curve, into mid-cap U.S. equities in an effort to take advantage of the fall in stocks and the rally in bond prices (yields fell).&#8221;
Meanwhile, the <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">U.S. dollar is facing pressure</a>, with its &#8220;reserve currency&#8221; status. A recent study titled &#8216;Dollar Upheaval: This Time is Different&#8217; noted a 3.6% depreciation between April 4th and 14th, an unusual move as the dollar typically gains during global volatility.
This suggests a break from traditional market behavior, raising concerns that U.S. Treasuries lose their safe-haven appeal.
"If U.S. Treasuries are no longer viewed as the world's preferred safe asset, then the status of the dollar as the world's reserve currency may be called into question,&#8221; stated the note.
Investors are now <a href="https://www.benzinga.com/news/treasuries/25/04/44857989/gold-nears-3400-mark-experts-point-to-likely-correction-amid-bull-market-rates-will-drop-like-rock">flocking to Gold</a>, which has been hitting fresh highs as it trades above $3,300 per ounce. According to data shared by Charlie Bilello of Creative Planning, the inflation-adjusted gold prices were back at an all-time high, after 45 years, surpassing the prior peak from 1980.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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Economist Mohamed El-Erian attributed the increasing price of gold to a gradual shift away from the U.S. dollar by some foreign central banks and other entities seeking diversification.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday and Friday:
<ul>
<li>On Thursday, initial jobless claims data for the week ending April 12 and March&#8217;s housing starts, building permits, and April&#8217;s Philadelphia Fed manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>On Friday, San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 0.64% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $7.29 per share on revenue of $111.60 billion.</li>
</ul>
<ul>
<li>DR Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) rose 0.39% as Wall Street expects it to report earnings of $2.65 per share on revenue of $8.03 billion before the opening bell.</li>
</ul>
<ul>
<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) was up 1.38% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $5.72 per share on revenue of $10.52 billion.</li>
</ul>
<ul>
<li>FNB Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) was up 1.14% as it posted better-than-expected earnings for its first quarter on Wednesday.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) jumped 3.45% after reporting a 60% surge in its net profit for the first quarter, topping market expectations.</li>
</ul>
<ul>
<li>Rio Tinto Plc ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) climbed 1.68% after it announced the assessment of the low-carbon aluminum project in India along with AMG Metals &amp; Materials.</li>
</ul>
<ul>
<li>Woodside Energy Group Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) advanced 2.73% after signing LNG supply agreements with Uniper.</li>
</ul>
<ul>
<li>BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) gained 1.08%, and Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) was 4.22% higher after BP completed loading the first cargo from the Greater Tortue Ahmeyim LNG project.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.02% to hover around $63.11 per barrel.
Gold Spot US Dollar declined 0.57% to hover around $3,324.20 per ounce. Its fresh record high stood at $3,357.81 per ounce. The U.S. Dollar Index spot was higher by 0.10% at the 99.4760 level.
Asian markets advanced on Wednesday, except China&#8217;s CSI 300 index. India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index ended higher. European markets were lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-qu">Policy Push vs. Market Pull: Dollar Under Pressure As &#8216;Reserve Currency May Be Called Into Question&#8217; Amid Tariff Turmoil</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Commodities

Treasuries

Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

NFLX

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

US Stocks Likely To Open Higher Ahead Of Festive Weekend: 'Current Equity Levels Offer An Attractive Entry Opportunity'

In response to recent media speculation, Woodside confirms it is in discussions with Uniper regarding potential LNG supply.
Discussions between the parties are ongoing and incomplete and no final agreement has been reached on the terms.
Woodside will continue to update the market in accordance with its continuous disclosure obligations.

Woodside Confirms It Is In Discussions With Uniper Regarding Potential LNG Supply

<h2 class="wp-block-heading">New On The Block</h2>
Harley-Davidson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) is <a href="https://www.benzinga.com/topic/auction">selling its financing arm</a>. 
Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-10/harley-davidson-said-to-mull-1-billion-plus-sale-of-finance-arm?srnd=phx-deals&amp;sref=TBDibEcD">estimates</a> a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. 
Separately, there&#8217;s drama brewing on the board level. Director Jared Dourdeville, who joined in 2022, resigned, but not before sending a damning letter to fellow board members on April 1. And it was not an April Fool&#8217;s Day prank. 
Dourdeville called for several of his colleagues to resign and expressed &#8220;grave concerns about the current state of the company.&#8221;
For more coverage, Benzinga&#8217;s Kaustubh Bagalkote <a href="https://www.benzinga.com/markets/equities/25/04/44727511/harley-davidson-boardroom-turmoil-director-resigns-demands-ceo-jochen-zeitz-step-down-over-cultural-depletion-and-brand-decline">has the latest</a>.
Harley-Davidson shares, at last check, were up over 2.6% at $22.05. 
Other auctions to note:
<ul>
<li>Clessidra Private Equity is mulling a potential sale of Milan-based software firm Impresoft, which could fetch around 800 million euros ($885 million), according <a href="https://www.bloomberg.com/news/articles/2025-04-10/italy-s-clessidra-weighs-sale-of-software-firm-impresoft?sref=TBDibEcD">to</a> Bloomberg. The Italian PE firm reportedly received unsolicited interest from industry players and fellow buyout shops, sparking early talks of a formal auction process. Impresoft, led by CEO Alessandro Geraldi, offers software for manufacturing and cybersecurity.</li>
</ul>
<ul>
<li>Keros Therapeutics, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) board of directors initiated a formal review process on Thursday to evaluate strategic alternatives, <a href="https://www.benzinga.com/general/biotech/25/04/44746372/keros-therapeutics-goes-up-for-sale-on-heels-of-stockholder-rights-plan">including a sale</a>.</li>
</ul>
<ul>
<li>Rivalry Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RVLCF#OTCQX">RVLCF</a>), a sportsbook and iGaming operator, launched a review of strategic alternatives, including a sale, to maximize long-term stakeholder value. XST Capital Group LLC, a boutique investment bank focused on the digital gaming sector, is advising the process.</li>
</ul>
See Also: <a href="https://www.benzinga.com/general/entertainment/25/04/44725503/princess-dianas-iconic-style-heads-to-auction-block">Princess Diana&#8217;s Iconic Style Heads To Auction Block</a>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Capri Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) confirmed it's selling Versace to Prada for a high-end price of <a href="https://www.benzinga.com/25/04/44738776/versace-goes-prada-capris-big-exit-sparks-fashion-power-shift">$1.375 billion in cash</a>. The deal marks a luxe exit for the iconic brand founded by Gianni. It was last helmed by Donatella, who recently handed creative control to Miu Miu alum Dario Vitale. CEO John Idol said the move will help Capri tighten its belt and focus on brands like Michael Kors and Jimmy Choo. But the sale feels less glamorous considering Capri's stock has lost over 62% in the past year. With net debt at $1.12 billion and shares already bruised by tariff turmoil, this windfall might finally help the company strut into better financial shape. If Trump&#8217;s <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">tariff plans remain on pause</a>, Capri may benefit. </li>
</ul>
<ul>
<li>Woodside Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) <a href="https://www.benzinga.com/news/asset-sales/25/04/44668895/woodside-energy-sells-40-stake-in-louisiana-lng-project-for-5-7-billion">inked a binding deal</a> to sell a 40% stake in Louisiana LNG Infrastructure LLC to Stonepeak.</li>
</ul>
<ul>
<li>Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) shares <a href="https://www.benzinga.com/movers" target="_blank" rel="noopener">traded</a><a href="https://www.benzinga.com/movers"> higher on Friday</a> after it acquired Outerbase, a database tool designed with developers in mind. The deal is expected to boost the overall experience for developers, especially those using Cloudflare Workers, by making it easier to manage and connect to databases during the app-building process. Financial terms of the deal <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44671105/cloudflare-acquires-outerbase-to-streamline-ai-app-development-our-goal-is-to-make-it-easy-and-accessible-for-any-developer">were not disclosed</a>.</li>
</ul>
<ul>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) disclosed on Monday that it had acquired Hakkoda Inc. for an undisclosed amount. The acquisition is expected to strengthen IBM's capacity to meet the <a href="https://www.benzinga.com/news/large-cap/25/04/44669800/ibm-enhances-ai-consulting-muscle-with-hakkoda-deal">rising demand for data services</a>.</li>
</ul>
<h2 class="wp-block-heading">Off The Block</h2>
<ul>
<li>Niox Group&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CSSPF#OTC">CSSPF</a>) auction ended without a deal. Reuters reported that the medical device company, based in Oxford, U.K., received an offer of 345.8 million pounds ($452.4 million). However, due to macroeconomic conditions, private equity firm Keensight Capital canceled its buyout offer. </li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) continues its slow climb as a Tesla rival by striking a deal to acquire now-bankrupt Nikola Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NKLAQ#OTC">NKLAQ</a>) <a href="https://www.benzinga.com/news/25/04/44757588/lucid-wins-nikola-bankruptcy-auction-buys-nikola-facilities-for-30-million-to-boost-us-ev-production">for roughly $30 million</a>. The deal, pending court approval, includes Nikola's former Coolidge manufacturing plant and its Phoenix HQ—adding 884,000 square feet of industrial real estate to Lucid's footprint. The company also plans to offer jobs to 300-plus former Nikola staffers. This all comes after Nikola's fall from grace, which started in 2020 with fraud allegations and ended with a bankruptcy auction <a href="https://www.benzinga.com/markets/equities/25/02/43552668/nikola-once-a-30-billion-ev-sensation-struggles-to-survive-after-hindenburg-fallout-and-mounting-losses">and a convicted ex-CEO</a>. </li>
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For last week&#8217;s edition of <a href="https://www.benzinga.com/news/25/04/44651650/deal-dispatch-us-ma-is-quiet-but-abroad-volume-is-spiking">Deal Dispatch, click here</a>.
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Shares of oil and gas companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Woodside Energy shares are trading higher on possible continued strength after the company announced on Monday that it sold a 40% stake in the Louisiana LNG project for $5.7 billion to Stonepeak.

On Sunday, Woodside Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) inked a binding deal to sell a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44659653/woodside-announces-louisiana-lng-partnership-with-stonepeak" rel="noreferrer noopener">40% stake in Louisiana LNG Infrastructure</a> LLC to Stonepeak.
As per the deal, Stonepeak plans to invest $5.7 billion in the development of the three-train, 16.5 mtpa foundation phase of Louisiana LNG.
The investment is expected to cover 75% of capital expenditure in 2025 and 2026, with development starting on January 1, 2025.
This significantly eases Woodside's capex burden, improves project economics, and strengthens cash flow ahead of revenue from its Scarborough Energy Project in Australia—enhancing capacity for shareholder returns.
The remaining 60% stake will be retained by Louisiana LNG LLC (HoldCo), operated by Woodside.
Meanwhile, InfraCo, managed by Woodside, holds the EPC agreement with Bechtel and, pending a final investment decision, will own and build the liquefaction infrastructure and shared facilities.
Under this arrangement, HoldCo will manage gas supply and LNG offtake.
Due to the accelerated nature of their capital contributions,
Stonepeak's total investment of $5.7 billion will be less than their nominal 40% ownership stake in InfraCo after adjusting for the time value of money.
HoldCo will cover the additional capital required if there are any cost overruns. This arrangement offers Stonepeak cost certainty while allowing HoldCo to capture potential capital expenditure savings.
The projected forward cost for the foundation phase of the Louisiana LNG project, starting from December 2024, is estimated at $900–$960 per tonne.
The transaction is expected to close in the second quarter of 2025, pending customary conditions precedent. Post-completion, Stonepeak is expected to make a payment of approximately $2 billion to cover its share of capital expenditures incurred from the effective date to closing.
James Wyper, Senior Managing Director and Head of US Private Equity at Stonepeak, said, "The Project represents a compelling opportunity to invest in a newbuild LNG export facility nearing FID approval with an attractive risk-return profile and best-in-class partners in both Bechtel and Woodside to<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44659501/stonepeak-to-acquire-interest-in-woodsides-louisiana-lng" rel="noreferrer noopener"> construct and operate the asset."</a>
Price Action: WDS shares are down 0.82% at $11.54 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42743811/chart-industries-secures-11-million-lng-deal-with-bechtel-and-woodside-energy" target="_blank" rel="noreferrer noopener">Chart Industries Lands LNG Deal: Powering Woodside Energy's Louisiana Expansion</a></li>
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Image via Shutterstock

Woodside Energy Sells 40% Stake In Louisiana LNG Project For $5.7 Billion

Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. This enhances the project economics and Woodside's cash flow profile ahead of revenues from Woodside's Scarborough Energy Project in Australia, strengthening the capacity for shareholder returns. The remainder of Stonepeak's committed capital will be funded in subsequent years.

Reported Sunday, Woodside Offloads 40% Stake In Louisiana LNG To Stonepeak In $5.7B Deal, Validating Project Value And Attracting Global Interest

CGBS

SHEL

Shares of energy companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

<ul>
<li>Includes 18 ultra-deepwater wells to be delivered over a three-year timeframe</li>
<li>AI-enabled drilling capabilities to improve operational efficiency and well quality</li>
</ul>
Global energy technology company SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) has been awarded a major drilling contract by Australian independent Woodside Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) for its ultra-deepwater Trion development project, offshore Mexico.
SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. The full scope of the contract includes digital directional drilling services and hardware, logging while drilling (LWD), surface logging, cementing, drilling and completions fluids, completions, and wireline services.
"With water depths of up to 2,500 meters, the Trion development presents challenging technical conditions for drilling and well construction," said Wallace Pescarini, president, Offshore Atlantic, SLB. "SLB has extensive expertise in ultra-deepwater drilling projects globally and advanced technologies, including AI and digitally enabled hardware, to bring these wells online safely, efficiently and reliably. We will also leverage the strategic investments we've made in local talent and supply chains in Mexico, which will help support the on-time delivery of this project."
Services will begin in early 2026 and be managed through SLB's Performance Live&#x2122; digital service delivery centers. This contract follows another major contract from Woodside for the Trion development to the SLB OneSubsea&#x2122; joint venture in 2023, which includes subsea horizontal trees, controls and topside equipment. Manufacturing is currently on track.

SLB Awarded Major Drilling Contract By Woodside Energy For Ultra-Deepwater Trion Development, Offshore Mexico

The transaction is expected to close in the third quarter of 2025 with an effective date of 1 January 2025. Completion of the transaction is subject to customary conditions precedent, including joint venture, government and regulatory approvals.
Woodside will continue to operate the Greater Angostura assets until close. Following transaction close, ownership and operatorship of the assets will be transferred to Perenco. Perenco will also be responsible for all restoration obligations in relation to the Greater Angostura assets. Woodside expects most of its employees based in Trinidad and Tobago will also transfer to Perenco.
The transaction does not include the deepwater Calypso field. Woodside will continue to work with the Government of Trinidad and Tobago and our joint venture partner to progress the Calypso opportunity.

Woodside Sells Greater Angostura Oil & Gas Fields To Perenco For $206M, Exits Operatorship While Retaining Calypso Deepwater Interest

Citigroup analyst James Byrne upgrades Woodside Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) from Sell to Neutral.

Upgrades

Citigroup Upgrades Woodside Energy Group to Neutral

Woodside Energy Group shares are trading higher after the company reported a year-over-year increase in FY24 EPS results.

Woodside Energy Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) reported quarterly earnings of $1.87 per share. This is a 115.07 percent increase over earnings of $0.87 per share from the same period last year. The company reported $13.18 billion in sales this quarter. This is a 5.82 percent decrease over sales of $13.99 billion the same period last year.

Woodside Energy Group FY 2024 GAAP EPS $1.87 Up From $0.87 YoY, Sales $13.18B Down From $13.99B YoY

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Baker Hughes and Woodside Energy Announce Collaboration Framework to Develop Small-Scale Decarbonization Solution Utilizing Net Power Platform

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SLB awarded major drilling contract by Woodside Energy for ultra-deepwater Trion development, offshore Mexico

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Woodside Announces Louisiana LNG Partnership With Stonepeak

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Woodside Signs Gas Supply Agreement for Louisiana LNG

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