The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.
Papua New Guinea-focused Oil Search has backed down from a bidding war with global energy giant ExxonMobil, choosing not to raise its near $3 billion bid for New York-listed explorer InterOil.
Australian oil and gas producer Oil Search could find itself dragged into a bidding war over InterOil after a counter-bid by global energy giant ExxonMobil.
Oil Search's attempt to consolidate its holdings in gas-rich Papua New Guinea could be delayed after a rival bid emerged to its near $3 billion bid for New York-listed InterOil.
A successful Oil Search takeover of Interoil will be one factor that could help trim billions off the cost of LNG projects in Papua New Guinea in the next two decades, according to consultants Risc.
Two petroleum industry executives with a strong Perth connection have struck a deal that will see Oil Search boost liquefied natural gas development in Papua New Guinea, after negotiating a $US2.2 billion ($A3 billion) deal to buy InterOil.
Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.
Australian institutional investors are among the most demanding in the world when it comes to reporting of environmental, social and governance risks, according to a global report released today by EY.
Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.
Woodside Petroleum has fine-tuned its project portfolio as it deals with the impact of weak oil prices, selling one of its mature assets, deferring a new oil field development but proceeding with evaluation of another new development.
SPECIAL REPORT: As the energy construction boom winds down, policy makers must get the settings right to prepare for future investment, while energy players mull the best way to allocate scarce capital.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
Woodside Petroleum's ambitious play for Oil Search is a rare example of a Perth-based company being the bidder in a big takeover. Click through to see Business News' listing and analysis of $1 billion-plus M&A deals in WA over the past 20 years.
If Woodside Petroleum's one-for-four share swap bid for rival LNG producer Oil Search was plan A, then plan B, when it comes, had better be a beauty, because so far no-one apart from Woodside management can say anything positive about the proposed takeover.
Woodside Petroleum has spent the past 60 years focused on the development of its own projects in Australia, but in the space of one year, two major takeover deals collectively worth $15 billion look set to reshape the Perth-based energy giant.
Energy giant Woodside Petroleum is considering growth opportunities in Papua New Guinea, announcing today it was evaluating a takeover offer for Oil Search through an all-scrip deal valued at more than $11 billion.
Perth-based uranium developer Toro Energy has announced the appointment of Fiona Harris as the company's new chair, while also announcing a reduction in the number of directors as a result of the current market conditions.
Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.
Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member of a superannuation fund – and that, in theory, is every working and recently retired Australian.
The resources sector will struggle to find enough skilled workers to drive production on the LNG plants expected to come on-stream in the next few years.
Engineering and consulting services company Logicamms has signed contracts with Samsung C&T Corporation, Chevron Australia and Oil Search for a combined contract value of about $15 million.
Sydney-based PNG oil & gas producer Oil Search has appointed Woodside Petroleum vice president commercial and environment Browse LNG development Ian Munro as executive general manager gas busin
Oil Search has signed a contract with Perth-based ISS Group for the supply of management solutions software for the PNG LNG project in Papua New Guinea.
