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Rpt-how The World's Biggest Private Equity Oil And Gas Industry Bid Collapsed | Reuters

by reuters.com posted 2months ago 19 views
* Harbour Energy pursued Santos for a year, raising bid 5 times. : MELBOURNE, May 29 (Reuters) - Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world’s biggest private equity oil and gas industry deal last week. Harbour Energy left Australia empty-handed after a year of chasing gas producer Santos Ltd, missing out on Santos’ stakes in three liquefied natural gas projects in Australia and Papua New Guinea as it sought to become a major LNG player.

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