Wall Street Journal | Exxon Wins Bidding War for InterOil After Oil Search Pulls Out Wall Street Journal In May, Oil Search offered $2.2 billion for InterOil, which holds six licenses to develop energy projects in Papua New Guinea that cover four million acres. InterOil has announced plans to build a massive liquefied natural gas export terminal in Papua ... Oil Search bows to ExxonMobil in battle for InterOil InterOil takeover: Oil Search yields to ExxonMobil, will not make counter bid Exxon Grabs Reins in InterOil Gas Hunt as Rivals Bow Out of Deal |