Woodside Energy (WDS) Secures Strong Position In Bidding

We recently published 7 Best ASX Stocks to Buy Right Now.  Woodside Energy Group Ltd (NYSE:WDS) is one of the best ASX stocks.

Woodside Energy Group Ltd (NYSE:WDS) is an Australian oil and gas exploration and production company. The firm was at the center of an intense and crucial oil and gas drilling rights bidding process on December 10th. According to Reuters, Woodside Energy Group Ltd (NYSE:WDS), along with oil giants Chevron and BP, came out on top of the US government’s first drilling rights sale for the Gulf of Mexico. This was the first auction of its kind since 2023, and it generated $279 million in high bids. Woodside Energy Group Ltd (NYSE:WDS) made $38 million worth of bids, and its joint bid with Deepwater and Repsol for an area in the Walker Ridge region was the second-highest bid.

Woodside Energy (WDS) Secures Strong Position In Bidding

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Additionally, Woodside Energy Group Ltd (NYSE:WDS) also announced on December 9th that it had extracted more than 50 million barrels of oil from its Sangomar oilfield in offshore Senegal. The firm’s Vice President-Senegal, Clive Jones, outlined that the extraction represented 8% of the total estimated resources present at the field. Jones was speaking at the MSBC Oil, Gas & Power 2025 conference. His remarks came after Woodside Energy Group Ltd (NYSE:WDS) had filed arbitration proceedings against Sengal in May over a dispute involving outstanding taxes, as the firm insisted that it had no outstanding taxes payable.

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Disclosure: None. This article is originally published at Insider Monkey.