• 5 minutes 'No - Deal Brexit' vs 'Operation Fear' Globalist Pushback ... Impact to World Economies and Oil
  • 8 minutes China has *Already* Lost the Trade War. Meantime, the U.S. Might Sanction China’s Largest Oil Company
  • 12 minutes Will Uncle Sam Step Up and Cut Production
  • 10 hours Maybe 8 to 10 "good" years left in oil industry * UAE model for Economic Deversification * Others spent oil billions on funding terrorism, wars, suppressing dissidents * Too late now
  • 1 day Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 3 hours Only thing that moves oil price up is an attack on Tankers or Oil Facilities (Staged or real?)
  • 14 hours In The Bright Of New Administration Rules: Immigrants as Economic Contributors
  • 2 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 3 hours Russia Accuses U.S. Of Stoking Tensions With Missile Test
  • 7 hours With Global Warming Greenland is Prime Real Estate
  • 7 hours Recession Jitters Are Rising. Is There Reason To Worry?
  • 2 hours What to tell my students
  • 17 hours Domino Effect: Rashida Tlaib Rejects Israel's Offer For 'Humanitarian' Visit To West Bank
  • 1 day US Petroleum Demand Strongest Since 2007
  • 19 hours Trump vs. Xi Trade Battle, Running Commentary from Conservative Tree House
  • 10 hours Get First Access To The Oilprice App!
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Major Oil And Gas M&A News That Has Yet To Make The Headlines

A relatively obscure newspaper globally wrote a single line this weekend -- which may show that one of the biggest trends going in oil and gas is about to explode to a frenzy.

This mention -- from The Australian, a go-to news source for resource-heavy markets Down Under -- came not as a headline, not even as a story lead, but was buried in the back-matter of another article.

But we might be hearing a lot about this tidbit soon.

Here's the quote, in its entirety:

"Meanwhile, there was renewed talk late last week about whether BHP Billiton was perhaps once again considering an acquisition of the $24bn oil and gas giant Woodside Petroleum." Related: Energy Storage Now Moving To The Next Level

This is the first whiff in the press of a possible BHP takeover of Woodside. And if such an event does come to pass -- the way "talk" is suggesting -- it would be one of the biggest stories in energy this year.

That's because Australia has already been setting up the last few months as one of the hottest oil and gas markets on the planet. Boosted by news in August that former Chesapeake CEO Aubrey McClendon's new energy fund is paying $100 million to get into licenses in the McArthur Basin. And cemented in late October when private equity firm Scepter Partners launched a mega-bid for major Aussie natural gas producer Santos.

A bid for Woodside would take this M&Oz mania to a new level. With Woodside being the largest oil and gas producer in Australia -- giving the deal world-leading scale in terms of size and reach. Related: How The Fed Has Backed Itself Into A Corner

And there is reason to think it might happen. Shell has been trying to divest a legacy ownership position in Woodside, but meeting difficulties of late. A takeover from BHP (or others?) would give the major the liquidity it's been pushing for.

We've been (very subtly) warned. Watch for any news over the next few weeks, which could give a serious lift to the Australian oil and gas sector.

Here's to reading the fine print,

Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play