Woodside dreams of PNG

HAVING failed in its all-share $7.14 billion takeover bid of Oil Search, Woodside Petroleum is reported to be mulling another crack at the highly regarded PNG LNG project from another angle, by acquiring the Papua New Guinea government’s 9.8% stake in the project.

Separately, The Australian was reporting this morning that two advisers close to Woodside - Bank of America Merrill Lynch and Gresham - were "upbeat about the prospects of a transaction completing in

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