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Woodside withdraws $11.6bn bid to take over Oil Search

Perth-based energy giant Woodside Petroleum has withdrawn its bid to take over Oil Search and create a regional oil and gas leader. “Woodside advises that...

Oil Search rejects Woodside’s $11.6bn takeover bid

Oil Search, a Papua New Guinea natural gas producer, rejected a multi-billion all-stock takeover bid by the Australian oil and gas producer Woodside Petroleum. In an ASX...
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The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.