Woodside (NYSE:WDS) signed an agreement with BP (NYSE:BP) on Tuesday for the integrated energy major to supply natural gas to the Louisiana LNG project. This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project,

Australian oil and gas major Woodside Energy said on Wednesday it had signed a supply deal with BP, under which the British energy giant would supply natural gas to its Louisiana liquefied natural gas (LNG) project.

Woodside Energy has signed an agreement with BP to supply gas to its upcoming Louisiana LNG project in the US. The numbers: Under the deal, Louisiana LNG Gas Management has committed to purchase up to 640 billion cubic feet of gas from BP on a long-term basis,

BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy chief as it tries to shore up investor confidence.

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business. Under pressure from investors, BP is in the midst of a major reset that saw it shelve its once industry-leading carbon-reduction targets to focus on fossil fuel output deemed more profitable.

BP reported on Tuesday financial results for the first quarter that indicated the company's net profit plunged sharply compared to the same period