LNG

July 22 (LNGJ) - ExxonMobil and InterOil Corp. confirmed their agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire InterOil and its Papua New Guinea LNG assets after Australian-listed Oil Search withdrew from the bidding. “This agreement will enable ExxonMobil to create value for the shareholders of both companies and the people of Papua New Guinea,” said Rex W. Tillerson, Chairman and Chief Executive of ExxonMobil. InterOil Chairman Chris Finlayson said: “Our board thoroughly reviewed the ExxonMobil transaction and concluded that it delivers superior value to InterOil shareholders. They will also benefit from their interest in ExxonMobil’s diverse asset base and dividend stream.”