NOPTA approves transfer of BHP oil, gas assets to Woodside

Australia’s National Offshore Petroleum Titles Administrator (NOPTA) has granted approval for the transfer of BHP Group Ltd.’s Australian oil and gas assets to Woodside Petroleum Ltd., advancing the acquisition agreed in November 2021.

The final condition for the merger is approval from Woodside shareholders at the annual general meeting May 19, 2022. Deal completion is targeted for June 1.

The merger will create a global top 10 independent energy company in terms of production and the largest energy company listed on the Australian Security Exchange (ASX).