OIL & GAS
The Australian Competition and Consumer Commission (ACCC) on Friday reported that it will not oppose ASX-listed Santos’ proposed acquisition of Quadrant Energy.
Santos in August launched a $2.15-billion bid for Western Australia-focused Quadrant Energy, which holds natural gas and oil production, as well as near- and medium-term development, appraisal and exploration assets across more than 52 000 km2 of acreage, predominantly in the Carnarvon basin.
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