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
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays
