MARKETS

Farewell to Oil Search

OIL Search leaves the ASX today after listing in 1974 and with a 92-year history in Papua New Guinea and a 15-fold rise in its share price over the past two decades as it progressed the nation's first LNG plans.

PNG LNG marine jetty

PNG LNG marine jetty

It fought off a takeover from Woodside Petroleum only six years ago which offered a then-14% premium of $11.6 billion, helped by a PNG government stake in the company. The company was seen as so...

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