Gas conditioning plant, Papuan highlands
Santos-Oil Search merger advances
Papuan court approval sees the deal pass another milestone
Shareholders at Papua New Guinea-focused Oil Search will vote on 7 December on their proposed merger with Australian independent oil and gas producer Santos, following a decision by the National Court of Papua New Guinea. The Papuan government had previously voiced concern about the merger, saying it needs to be in the country’s “national interest”. But the National Court has now approved distribution of the proposal to Oil Search shareholders and ordered the company to hold the vote. The offer “is in the best interests of Oil Search shareholders in the absence of a superior proposal”, concluded corporate financial advisor Grant Samuel & Associates, acting as an independent expert to th
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
