PetroChina

Arrow Energy to Accept Improved Shell-PetroChina Takeover Bid


Arrow Energy (AOE) is set to accept the takeover offer of Shell and PetroChina after it managed to convince the bidders to raise their offer by several hundred million dollars. Arrow is expected to make an announcement today regarding selling their Australian assets for more than $3 billion to the foreign companies. It is to be mentioned that this is the second Queensland based coal-seam gas frontier that is going to be acquired by overseas companies.

Syndicate content

Recommended Websites