Clear path for PNG collaboration

PAPUA LNG operator Total has confirmed that it won't challenge ExxonMobil by counter-bidding for InterOil, wary not to antagonise a fellow supermajor that it wants to tap for its LNG knowledge.

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"ExxonMobil made a higher offer and we chose not to counterbid," Total's chief financial officer Patrick de La Chevardiere told analysts after the company's latest quarterly was announced late last

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