ASX closes lower; PNG stamps Oil Search takeover
ASX closed down 0.28% with tech stocks weak, PNG courts approve Santos-Oil Search deal, Woodside targets east coast, Sydney Airport lifts on ACCC backing and jobs recovery slows.
Oil Search
Oil Search holders vote for $21bn Santos merger
Oil Search shareholders have overwhelmingly voted in favour of a $21bn merger deal with Santos.
ASX bolts as energy, tech stocks jump
ASX rallied late to finish nearly 1 per cent higher, driven by energy and tech stocks. RBA keeps rates on hold, Magellan hit on CEO exit, record month for Zip and travel stocks soar on Omicron relief.
ASX up slightly after Zip and Afterpay slump
The ASX 200 has finished fractionally higher, amid sharp tech falls led by Zip and Afterpay. Investors dumped Bapcor following early CEO exit. The Santos-Oil Search merger has cleared one PNG hurdle. Metcash soared after solid results.
Merger with Oil Search on track: Santos
Santos managing director Kevin Gallagher laid out his pitch to Papua New Guinea-based stakeholders in the planned merger with Oil Search, which goes to a vote next week.
PNG gas project nears deal in boost for Santos
A gas agreement is set to be signed for the delayed P’nyang project in Papua New Guinea, boosting the business case for the $21bn Santos-Oil Search merger.
Oil Search investors weigh $21bn Santos rejection
Several major institutions plan to vote against Oil Search’s $21bn Santos merger, but proxy advisers have backed the deal.
Oil Search gets proxy nod for $21bn Santos merger
The oil and gas major has received backing from an influential proxy adviser for its $21bn Santos merger.
ASX lower after day of swings
ASX closes down 0.2 per cent at at 7399.4 after mixed leads from Wall Street. Oil Search merger gets nod from ISS and Prime pitches Seven deal at AGM.
Turmoil ahead of Oil Search exec’s exit
A meeting between Oil Search chairman Rick Lee and an executive concerned about bullying was cut short, according to sources. The executive, Ayten Saridas, has since quit.
Oil Search sued over bullying by top executive
The woman in line to become Oil Search’s chief financial officer has filed damages for mental anguish, distress and physical injury during her short tenure.
Value concerns over Oil Search merger with Santos
Oil Search approached Santos over boosting its share of a $21bn merger after an independent expert raised concern the company could be handed over too cheaply.
Santos’ $21bn Oil Search merger suffers delay
Santos and Oil Search have suffered a delay on a key plank of their $21bn merger.
Oil Search projects slow amid Santos deal
The timelines for Oil Search’s Alaskan and Papua New Guinean projects has slowed with the producer seeking to seal a $21bn merger with Santos
The investment banker pinning Citi on M&A map
Despite being in lockdown for most of the time, Alex Cartel pulled in the $22bn Santos merger with Oil Search, an advisory mandate that has nudged the bank upwards.
PNG demands bigger slice of Oil Search gas project
Santos and Oil Search have been told of a new demand from the Papua New Guinea government as the two energy giants attempt to strike a $21bn merger deal.
Oil Search investors mull Santos deal
Major Oil Search shareholders are casting doubt over the merits of Santos’ $21bn merger proposal
Nicole Beavan takes Goldman Sachs infrastructure role
Goldman Sachs has reshuffled its team to make former Oil Search executive Nicole Beavan its head of infrastructure for Australia and New Zealand.
Santos to enter talks with PNG over Oil Search merger
Australian oil producer Santos is understood to be planning to hold talks with the PNG government this week about its $21bn merger with Oil Search.
Citi’s Luet banks on M&A, energy transition
Citi Australia chief Marc Luet has had a good week. Friday’s $21bn Santos and Oil Search merger will bump up the bank in Dealogic’s M&A rankings.
Original URL: https://www.theaustralian.com.au/topics/oil-search/page/2