CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Australia’s Woodside (WPL) snaps three-day losing streak

By Andreas Ismar

09:00, 12 November 2021

Woodside logo on a mobile phone
Woodside logo on a mobile phone - Photo: Shutterstock

Australia’s Woodside Petroleum has secured land for a hydrogen plant project in Tasmania, sending its stock into positive territory following a three-day of losing streak.

The energy company plans to use the abundant potential of hydro and wind power in Tasmania to fuel electrolyser for hydrogen production. The hydrogen will then be converted into ammonia for ease of transport.  

The plan is still at its early stages, but securing the land made investors cheered, with Woodside’s stock surged to as high as AUD22.36 apiece before ending the day at AUD22.25, 1.1% above Thursday’s close.

Cooperation with Japanese firms

“H2TAS is already garnering interest from existing and prospective Woodside customers in Asia and Europe,” Woodside CEO Meg O’Neill said in a statement.


44,182.05 Price
+4.450% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


2,019.57 Price
-0.470% 1D Chg, %
Long position overnight fee -0.0198%
Short position overnight fee 0.0116%
Overnight fee time 22:00 (UTC)
Spread 0.30


0.63 Price
-0.480% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

Oil - Crude

72.22 Price
-1.690% 1D Chg, %
Long position overnight fee -0.0225%
Short position overnight fee 0.0006%
Overnight fee time 22:00 (UTC)
Spread 0.040

Woodside has signed an agreement with Marubeni and IHI for exporting ammonia to Japan, with the first phase of the Tasmanian project targeted to produce 200,000 tonnes of ammonia per year starting with 300 megawatts of electrolyser capacity.

The H2TAS is expected to support electrolysis capacity of up 1.7 gigawatts, though final investment decision regarding the project will only be made in 2023.

Read more: Hydro and Shell announce hydrogen joint venture

Markets in this article

IHI Corporation
2811.3 USD
-23.8 -0.850%
IHI Corporation
2811.3 USD
-23.8 -0.850%
Marubeni Corporation
2324.94 USD
-6.98 -0.300%
Marubeni Corporation
2324.94 USD
-6.98 -0.300%

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 570.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading