Markets

Exxon Mobil has trumped Oil Search’s $3 billion PNG play

The US-based multinational oil and gas giant Exxon Mobil has got between local player Oil Search and its dreams of a massive independent oil and gas group in Papua New Guinea. Oil Search in May announced it was buying rival InterOil Corp for $US2.2 billion ($A3 billion). At the same […]
Exxon Mobil has trumped Oil Search’s $3 billion PNG play
Markets

Oil Search is betting $3 billion on more PNG gas assets

Oil Search is buying rival InterOil Corp for $US2.2 billion ($A3 billion) in a deal which will create a massive independent oil and gas group in Papua New Guinea. At the same time, Oil Search has taken some of the risk out of the deal by signing an exclusive memorandum […]
Oil Search is betting $3 billion on more PNG gas assets