ExxonMobil has made a US$2.2 billion bid for InterOil and its interest in a gas field in Papua New Guinea, overpowering an offer from Australia’s Oil Search
Oil Search | Offshore Post
Oil Search has announced a S$2.2 billion (£1.5 billion) deal to acquire rival InterOil to strengthen its position in Papua New Guinea (PNG).
LNG specialists Oil Search have slammed the A$11.6 Billion takeover offer by rival Australian firm Woodside Energy, as the board unanimously rejecting it.
Australian based Woodside Petroleum has made a move to acquire is smaller Australian rival Oil Search for A$11.6 billion (US$8.1bn).