{"id":98922,"date":"2026-08-07T02:35:09","date_gmt":"2026-08-07T02:35:09","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/98922\/"},"modified":"2026-08-07T02:35:09","modified_gmt":"2026-08-07T02:35:09","slug":"woodside-energy-to-exit-trinidad-and-tobago-with-calypso-stake-sale-to-bp","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/98922\/","title":{"rendered":"Woodside Energy to exit Trinidad and Tobago with Calypso stake sale to BP"},"content":{"rendered":"

\"Woodside<\/a> Woodside Energy to exit Trinidad and Tobago with Calypso stake sale to BP Proactive uses images sourced from Shutterstock <\/p>\n

Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF)<\/a> has agreed to sell its 70% interest in the Calypso gas project in Trinidad and Tobago to BP as part of its strategy to streamline its global portfolio and concentrate capital on higher-priority developments. <\/p>\n

The transaction will bring an end to Woodside’s decades-long presence in Trinidad and Tobago, where the company has held interests in the offshore Ruby and Angostura oil and gas fields. <\/p>\n

Woodside chief executive Liz Westcott said the divestment reflected the company’s disciplined approach to capital allocation and its focus on opportunities considered most likely to generate long-term shareholder value. <\/p>\n

The deal includes upfront cash and contingent payments and is expected to close by the end of 2026, subject to government and regulatory approvals. <\/p>\n

For BP, the acquisition will consolidate ownership of the Calypso project. The company already holds the remaining 30% interest and has an established upstream oil and gas business in Trinidad and Tobago. <\/p>\n

The transaction also comes amid leadership links between the 2 companies, with BP chief executive Meg O’Neill taking up the role in April after previously serving as chief executive of Woodside. <\/p>\n

The sale continues Woodside’s broader effort to simplify its international asset portfolio while directing investment towards projects it considers strategically important to future production and returns. <\/p>\n","protected":false},"excerpt":{"rendered":"Woodside Energy to exit Trinidad and Tobago with Calypso stake sale to BP Proactive uses images sourced from…\n","protected":false},"author":2,"featured_media":98923,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[67,6704,41864,22554,25017,41863,22479],"class_list":["post-98922","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-bp","tag-bp-plc","tag-bp-proactive","tag-capital-allocation","tag-global-portfolio","tag-trinidad-and-tobago","tag-woodside-energy"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117051898074831695","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/98922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=98922"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/98922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/98923"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=98922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=98922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=98922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}