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Articles from Oil Search

Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

LNG

Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

Australian independent Santos Ltd. is set to bolster its global portfolio through a takeover of Papua New Guinea-based Oil Search Ltd. The deal announced Monday would give Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost projects in the world. Oil Search is a partner in…

August 2, 2021
Oil Search Rejects Santos’ Bid to Create $16B ‘Unrivaled Champion of Size and Scale’

LNG

Oil Search Rejects Santos’ Bid to Create $16B ‘Unrivaled Champion of Size and Scale’

Oil Search Ltd., which has operations in Alaska and Papua New Guinea, has rejected a takeover bid by Australian independent Santos Ltd. that valued the combined entity at A$22 billion ($16.11 billion). The deal would have given Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost…

July 20, 2021