PARTNER CONTENT
✕
AUSTRALIA

Oil Search shoots down overture

AFTER 11 days the Oil Search board has flatly rejected Woodside Petroleum's one-for-four all-scrip offer, a move that has left Woodside "surprised and disappointed" and Oil Search saying there is absolutely nothing that Perth-based Woodside could bring to the table that the Papua New Guinea-focused company could not do for itself.

Haydn Black
Oil Search shoots down overture

Oil Search chairman Rick Lee said this morning that the board concluded late last night that the proposal was highly opportunistic, grossly undervalued the company, had little merit and offered no compelling...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

MOST POPULAR

1
OPINION

Slugcatcher: Harvest time for oil and gas investors, but not for workers

2
OPERATIONS

Shell sues ATO over $99M tax dispute

3
OPERATIONS

Santos faces scrutiny after mass sacking amid cost-cutting measures

4
ENERGY TRANSITION

Australian carbon storage hub a $600 billion opportunity, says Wood Mackenzie

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

Content
About
Solutions
Legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902

Login