- Oil Search (OTCPK:OISHF) has bid more than $300M to buy Talisman Energy's (NYSE:TLM) Papua New Guinea assets, WSJ reports, in a move that could accelerate an expansion of the country’s flagship gas export facility.
- A deal could help Oil Search secure enough gas to justify a new pipeline and processing unit at the $19B PNG LNG export plant operated by Exxon Mobil (NYSE:XOM), while it would help TLM meet a goal of $2B in asset sales by mid-2015.