Exxon Grabs Reins in InterOil Gas Hunt as Rivals Bow Out of Deal

  • Exxon bid values Papua New Guinea gas explorer at $2.5 billion
  • Total says it won’t make a counter offer for InterOil

Botten: Exxon Deal Welcomed by Oil Search and Total

Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp.

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