Australia's Woodside Energy, Santos call off talks on $52b merger

Australia's Woodside Energy, Santos call off talks on $52b merger

The Woodside Petroleum Ltd. logo is displayed atop the Woodside Plaza building, which houses the company's headquarters, in the central business district of Perth, Australia, on Wednesday, Feb. 19, 2014. Photographer: Aaron Bunch/Bloomberg

Australia’s Woodside Energy and Santos said on Wednesday they had ended talks to create a possible A$80 billion ($52 billion) global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.