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Aussie oil-producer Woodside drops bid for peer Oil Search

Wednesday, December 9, 2015 - 05:50

Sydney

WOODSIDE Petroleum Ltd abandoned its US$8 billion offer for Papua New Guinea-focused Oil Search Ltd almost three months after the bid was rejected, dropping plans for what would have been the biggest energy takeover in Asia. Oil Search tumbled 16 per cent at the close in Sydney,

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