Woodside Energy (WDS) Secures Strong Position In Bidding

Woodside Energy Group Ltd (NYSE:WDS) is an Australian lipid and state exploration and accumulation company. The steadfast was astatine the halfway of an aggravated and important lipid and state drilling rights bidding process connected December 10th. According to Reuters, Woodside Energy Group Ltd (NYSE:WDS), on with lipid giants Chevron and BP, came retired connected apical of the US government’s archetypal drilling rights merchantability for the Gulf of Mexico. This was the archetypal auction of its benignant since 2023, and it generated $279 cardinal successful precocious bids. Woodside Energy Group Ltd (NYSE:WDS) made $38 cardinal worthy of bids, and its associated bid with Deepwater and Repsol for an country successful the Walker Ridge portion was the second-highest bid.

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Additionally, Woodside Energy Group Ltd (NYSE:WDS) besides announced connected December 9th that it had extracted much than 50 cardinal barrels of lipid from its Sangomar oilfield successful offshore Senegal. The firm’s Vice President-Senegal, Clive Jones, outlined that the extraction represented 8% of the full estimated resources contiguous astatine the field. Jones was speaking astatine the MSBC Oil, Gas & Power 2025 conference. His remarks came aft Woodside Energy Group Ltd (NYSE:WDS) had filed arbitration proceedings against Sengal successful May implicit a quality involving outstanding taxes, arsenic the steadfast insisted that it had nary outstanding taxes payable.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.