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Provided by Dow Jones By David Winning SYDNEY--Santos Ltd. said it approached Oil Search Ltd. about a possible merger last month, but its proposal to create an energy company with a market value of 22 billion Australian dollars (US$16.1 billion) was rejected. Santos said it offered 0.589 of its own shares in exchange for each Oil Search share on issue. A deal would have led to Santos shareholders owning 63% of the combined company, with Oil Search investors holding the remaining stock. The proposal implied a value of A$4.25 for each Oil Search share, Santos said...

Share Oil Search managing director Keiran Wulff has resigned suddenly after complaints about his behaviour and ill health, throwing the Papua New Guinean oil and gas producer into uncertainty. Shares in Oil Search slid as much as 2.6 per cent in early trading on the shock news, which adds to the upheaval taking place more broadly across the leadership of the energy sector. “After considerable reflection and consultation with my family and others including my medical advisers, it is an appropriate time to leave to focus on my health,” he said in a statement on Monday. Oil Search’s Keiran...

Oil Search said Wulff has been managing a long-term medical condition which had recently deteriorated. The company's chairman Rick Lee said the board entered into discussions with Wulff following the receipt of recent concerns and complaints about his behaviour. Lee said the board considered that Wulff had behaved in a manner inconsistent with the standards expected in relation to his management style. Are you missing out on ACCELERATE? Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Since h...

Reuters 2 minute read July 19 (Reuters) - Oil Search (OSH.AX) Managing Director Keiran Wulff has resigned 17 months after taking charge over a long-term medical condition that the Papua New Guinea-focused company said had recently deteriorated. The board had been in discussions with Wulff over complaints about his behaviour, Chairman Rick Lee said in a statement on Monday. Lee said the board considered Wulff's behaviour was "inconsistent with the standards expected by the Board in relation to his management style." Since Wulff took over from his long-serving predecessor, there have been a sla...

Oil Search in a mess as poor behaviour sinks CEO The shock resignation of Oil Search managing director Keiran Wulff after a whistleblower complaint leaves a huge mess for chairman Rick Lee to clean up.  Updated Save Share When the $8 billion oil and gas producer Oil Search posted its June investor presentation to the ASX platform, the slide entitled “the future of Oil Search” made clear the four cornerstones of the company’s investment case. A resilient balance sheet and capital discipline. Delivery on its sustainability commitments. An inclusive and diverse workforce. And ...