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World’s biggest oil and gas industry bid collapsed category
May 30, 2018

World’s biggest oil and gas industry bid collapsed

Rising oil prices combined with a massive debt killed the world's biggest private equity oil and gas industry deal a week ago. Harbour Energy, which came to Australia looking to become a major LNG player, left the country empty-handed after a year of chasing gas producer, Santos. Santos rejected Harbour’s final offer of $10.8b last week for its stakes in three LNG projects in Australia and Papua New Guinea.

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