ASX ends 1.3 per cent higher at a record daily close of 7491. Tech sector rallied after Afterpay agrees to 31 per cent premium takeover bid from US giant Square and Oil Search accepts Santos’ sweetened bid.
Australia’s oil and gas industry faces its biggest shake-up in a generation with a wave of M&A activity poised to reshape the sector.
Analysts at Morgan Stanley believe Santos should sell off Oil Search’s Alaska business should it succeed in a merger deal.
One of the questions being asked after Santos’s $22bn bid for Oil Search is where Woodside Petroleum fits into the picture.
After six months of talks, a high stakes mega merger between Santos and Oil Search is out in the open.
The long-awaited Santos bid for Oil Search is now public and for his next trick Kevin Gallagher needs to put some value on the table.
Santos has ambitions to be one of the 20 largest companies on the ASX, proposing a $22 billion merger with Oil Search.
If Santos CEO Kevin Gallagher pulls off Oil Search and delivers upside he will be worth every cent of his $6m incentive pay.
Santos is speculated to have been interested in a deal with Oil Search for at least three years, but now it has finally shown its hand.
Oil Search faces shareholder pressure to hold talks with Santos over a $23bn merger creating Australia’s biggest oil and gas producer.
Energy company Santos is understood to have made approaches to Oil Search about a merger deal in the past six months.
Stocks recovered nearly all their early losses by lunch but closed in the red. Blow for Crown, BHP record quarter, JB Hi-Fi surges, Santos in Oil Search merger offer.
Coming after veteran Oil Search boss Peter Botten was never going to be an easy task.
Oil Search has been rocked by a fresh crisis after chief executive Keiran Wulff abruptly resigned following a series of complaints about his bullying behaviour.
Oil Search’s latest executive disaster puts the company in play at a critical juncture for Australian oil and gas.
Keiran Wulff’s abrupt departure leaves the company in a holding pattern.
An oil and gas giant has been grilled over the shock departure of its boss, asked why it ‘shred’ his reputation if he quit due to ill health.
ASX 200 suffers biggest one-day fall in the past four weeks, down 0.9% at the close. Oil Search boss quits. Super funds booming. Rents rising fast. Altium, Nick Scali respond to reports.
For Peter Botten, the former longtime chief of oil and gas company Oil Search, the AGL demerger is driven by a double whammy of pressure.
Former Oil Search boss Peter Botten says UBS may have grown greedy for the fees charged on a controversial deal in Papua New Guinea.
Oil Search faces a big climate test as it weighs whether to sanction a $US3bn ($3.8bn) Alaskan oil project.
Oil Search managing director Keiran Wulff endured a baptism of fire during his first year in charge.
A majority of shareholders voted against a bonus package seen out of step with last year’s oil slump regarded as the biggest downturn in a generation.
With a huge amount of decommissioning set to begin within a decade, Canberra is positioning to make sure it’s not stuck with a huge oil and gas clean-up bill.
Oil Search is facing pressure to change its name, with its fossil fuel moniker seen out of step with a global push on climate change.
Oil Search is hoping for a smoother run for commodity prices after the crude crash last year forced it to slash jobs and delay growth projects.
Australia’s sharemarket rose strongly as the government boosted the dole and US futures jumped. Turnbull to chair Fortescue Future Industries. BoQ led gains, travel stocks surged. Afterpay down as bond yields spike.
Analysts are questioning the abrupt exit of the Oil Search chief financial officer-in-waiting.
Oil Search has rekindled its $US3bn Alaskan oil project after being forced to put the development on hold due to the COVID-sparked oil rout.
Oil Search has rekindled its $US3bn Alaskan oil project with a final investment decision due in late 2021.
Original URL: https://www.theaustralian.com.au/topics/oil-search/page/3