Wall Street Journal | Oil Bargain Hunting Remains Elusive Game Wall Street Journal There's a welcome whiff of oil industry consolidation in the air. But a gap between buyers and sellers shows there's hardly a consensus that petroleum prices have hit bottom. Most of the recent action has been in Australia. Santos Ltd. SSLTY 2.92 ... Meet the secret weapon in a $7.1 billion Middle East oil money bid for Santos Santos bidder Scepter Partners has backing of royal families of Brunei and UAE Santos rejects $7 billion takeover offer from Bermuda-based Scepter Partners |