Wall Street Journal | Oil Search Abandons Bid for InterOil, Clears Path for Exxon Wall Street Journal On Thursday, Oil Search said it won't make a higher offer for InterOil, which owns the Elk-Antelope natural-gas discoveries in Papua New Guinea and had proposed building a second gas project to compete with the existing Exxon-led PNG LNG facility. Oil Search Won't Counter Exxon Bid for Gas Explorer InterOil Oil Search bows to ExxonMobil in battle for InterOil Oil Search can't match Exxon's bid for InterOil, drops out |