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First Guardian Class patrol vessel handed over to PNG

Australia has officially handed over the first Guardian Class Patrol Boat (GCPB) to the Papua New Guinea (PNG) Government. Designed and built by Austal in...

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Perth-based energy giant Woodside Petroleum has withdrawn its bid to take over Oil Search and create a regional oil and gas leader.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