Woodside gets interest in potential selldown of US ammonia project

Woodside generates most of its profits from oil and natural gas. (Image: Woodside)

Wed, 28 Aug 2024

By David WinningWoodside Energy has received interest from groups seeking to acquire equity in the US ammonia project it is buying from OCI Global for around US$2.35 billion, chief executive Meg O’Neill says. Woodside this month agreed to a deal for the ammonia project in Beaumont, Texas, which aims to start production as soon as next year. The transaction is due to complete within months and will help balance Woodside’s energy portfolio, which generates most of its profits from oil and natural gas.“We have already receiv...

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