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The Trion oil and gas project has received social impact assessment approval from the Mexican Ministry of Energy.

The Australian integrated energy company started a process in the second half of 2023 to consider the potential for divestment of its interests in the assets.

Woodside revenue fell 29 percent quarter on quarter to $3.08 billion.

Woodside CEO Meg O'Neill said the loan reflected the ongoing confidence from Japanese investors in Woodside's Australian liquefied natural gas (LNG) projects.

Woodside reported $1.7 billion in net profit for 2023, down 74 percent compared to 2022 as weaker oil and gas prices and higher costs offset increased sales and production.

98.66 percent of the votes submitted were in favor of the merger.

The first phase of development involves production of up to 100,000 bpd.

Woodside Energy and its partners have agreed to quickly begin a concept select program for the Greater Sunrise natural gas project off Timor-Leste.

Further, Woodside and JERA have entered into a non-binding heads of agreement for the sale and purchase of six LNG cargoes on a delivered ex-ship basis per year for 10 years starting in 2026.

Woodside expects Trion to start producing 2028, targeting overseas markets.