Woodside Energy (WDS) Secures Strong Position In Bidding

Group 1 - Woodside Energy Group Ltd (NYSE:WDS) is recognized as one of the best ASX stocks to buy currently [1] - The company successfully participated in a significant oil and gas drilling rights bidding process, securing a strong position alongside Chevron and BP, with total high bids amounting to $279 million [2] - Woodside made a bid of $38 million and achieved the second-highest bid in collaboration with Deepwater and Repsol for an area in the Walker Ridge region [2] - The company announced the extraction of over 50 million barrels of oil from its Sangomar oilfield in offshore Senegal, representing 8% of the total estimated resources at the field [3] - Woodside is currently involved in arbitration proceedings against Senegal regarding a dispute over outstanding taxes, asserting that it has no taxes payable [3]