Wall Street Journal | Australia's Woodside Abandons Offer to Take Over Rival Oil Search Wall Street Journal A takeover of Oil Search promised needed growth for Woodside and a foothold in the poor nation of Papua New Guinea, which is viewed in the industry as one of the lowest-cost areas for developing liquefied-natural-gas projects. It also held out the ... Woodside walks away from Oil Search Woodside Petroleum abandons Oil Search takeover ambitions Woodside shelves takeover bid for PNG company Oil Search |