Skip to main content

InterOil shareholders approve acquisition by ExxonMobil

Published by
LNG Industry,

InterOil Corp. has announced that the majority of shareholders have approved the acquisition of the company by Exxon Mobil Corp.

The company claims that over 91% of the votes were cast in favour of the proposed transaction. On 21 September 2016, just 80% voted to approve the original transaction.

In the statement, InterOil claims that the court hearing in which InterOil is seeking a final order with respect to the Amended and Restated Plan of Arrangement is currently scheduled for 20 February 2017.

InterOil is an independent oil and gas business, which has a sole focus on Papua New Guinea. The company’s assets include Elk-Antelope – one of Asia’s largest and undeveloped gas fields – in the Gulf Province, as well as exploration licenses covering approximately 16 000 km2.

Read the article online at:

You might also like


[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »


Embed article link: (copy the HTML code below):