A merger between two of Australia’s largest oil and gas producers is expected to be complete by May 19.
At the annual general meeting, Woodside will ask its shareholders to give the green light to the $41 billion (US$28.5 billion) all-stock merger with the petroleum business of BHP, a giant in the mining and metal industry.
If approved, the merger would double Woodside’s production capacity and transform it from a local liquefied natural gas (LNG) manufacturer to a global oil and gas company.
In addition, Woodside would become one of the top 10 independent oil companies in the world outside the seven “super majors.”…