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bp acquires Woodside's stake in Calypso project

PUBLIC · BPAug 07, 20262 days ago

Acquiring Company

bp

Acquired Company

Woodside Energy

LondonPerthOil And GasManufacturingEnergyOil And GasRenewable Energy

Description

bp has signed an agreement to acquire Woodside's 70% stake in the Calypso gas project in Trinidad and Tobago. This acquisition will give bp full ownership and operational control of the project, reinforcing its presence in the Caribbean energy sector. The transaction is expected to close before the end of 2026, subject to regulatory approvals. The deal aligns with bp's strategy to enhance production capacity and operational efficiency in the region.

Company Information

Company

bp

Location

London, England, United Kingdom

About

BP Energy Company of Kirkuk Limited is a subsidiary of BP, focusing on energy and oil production in the Kirkuk region. The company's operations are tied to the development of oil resources in Iraq. BP is a leading global energy company with extensive experience in oil and gas operations worldwide.

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Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
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Companies increase IT spending by 23% on average after acquisitions
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Frequently asked

Who acquired Woodside Energy?

Woodside Energy was acquired by bp, based in London. The deal was reported on August 7, 2026. BP Energy Company of Kirkuk Limited is a subsidiary of BP, focusing on energy and oil production in the Kirkuk region. The company's operations are tied to the development of oil resources in Iraq. bp is publicly traded (BP) and operates in Oil And Gas.

When did bp acquire Woodside Energy?

bp's acquisition of Woodside Energy was reported on August 7, 2026. bp has signed an agreement to acquire Woodside's 70% stake in the Calypso gas project in Trinidad and Tobago. This acquisition will give bp full ownership and operational control of the project, reinforcing its presence in the Caribbean energy sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Woodside Energy do?

Woodside Energy is an Australian oil and gas exploration and production company. It operates a diverse portfolio of oil and gas assets and is focused on sustainable energy solutions. It is publicly traded (WDS), operating in Manufacturing, and is based in Perth.

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