Oil Search target grows

THERE is nothing new in takeover talk as far as Papua New Guinea specialist Oil Search is concerned but what Slugcatcher read in a fresh Goldman Sachs report late last week was the most suggestive since Woodside Petroleum’s ill-conceived merger proposal of 2015.

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What the big US investment bank sees is a significant increase in the potential for Oil Search to become the prime target in the Asia Pacific energy sector for merger and acquisition activity.