PNG plays hardball with ExxonMobil over LNG expansion
ExxonMobil’s PNG LNG expansion project risks being delayed several years after the government of Papua New Guinea rejected the US major’s proposed terms for the P’nyang field development.
Papua New Guinea
Exxon partner fires back at Papua New Guinea in gas fall-out
Exxon Mobil Corp.’s partner on a Papua New Guinea gas project that’s threatened by failed talks with the government hit back at the state’s position on Monday, saying its terms were uneconomical.
Oil Search cuts spending on LNG FEED delays
Oil Search’s LNG project in Papua New Guinea continued strongly in the third quarter but progress on a new three-train liquefaction plan is moving more slowly than had been expected.
Total concessions win PNG approval
Papua New Guinea (PNG) has approved Total to proceed with the Papua gas project – but subsequent projects will be carried out under a new system.
Helicopters ‘core’ to Papua New Guinea’s earthquake recovery
Nine days after a massive earthquake and more than a hundred aftershocks shook Papua New Guinea -- including a 6.7 magnitude hit early Wednesday -- the Pacific nation is struggling to access villages cut off by landslides and secure safe drinking water.
PNG earthquake death toll could pass 100
At least 55 people have been confirmed dead and authorities fear the toll could exceed 100 from last week's powerful earthquake in Papua New Guinea.
Exxon’s LNG plant in Papua New Guinea out of action for eight weeks, report says
ExxonMobil's LNG plant in Papua New Guinea will be unable to produce for about eight weeks due to an earthquake strike last week, a news report said.
Exxon’s PNG LNG project could stay shut for six weeks after earthquake
Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS Group AG.
Exxon shuts down plant as powerful earthquake rattles Papua New Guinea
A powerful earthquake rattled forest villages and a large gold mine in central Papua New Guinea on Monday, and the government sent officers to the region to assess unverified reports of fatalities and check the extent of the damage.
ExxonMobil flows gas from Muruk 1 sidetrack test
Exxon Mobil has announced it has flowed gas from its production well tests at the Muruk 1 sidetrack 3 well in Papa New Guinea.
ExxonMobil reveals gas discovery onshore Papua New Guinea
ExxonMobil said today that gas had been struck on an onshore field in Papua New Guinea.
InterOil says ExxonMobil still sweet on $2.5bn takeover
InterOil said today that ExxonMobil was still committed to buying the Papua New Guinea focused firm, despite a Canadian court’s decision to block the $2.5billion deal.
Exxon, Oil Search team up for Papua New Guinea deepwater licenses
ExxonMobil and Oil Search has taken stakes in a pair of deepwater licenses offshore Papua New Guinea.
ExxonMobil LNG project in Papua New Guinea targets long-term sales deals
ExxonMobil is looking to agree sales contracts for spot cargoes to soak up excess production from its liquefied natural gas project in Papua New Guinea, a news report said.
Rawson Resources nets investment in Papua New Guinea operations
Rawson Resources said it has secured a capital investmenr of $750,000 from a group of Papua New Guinea Investors for its operations in the region.
Total and Oil Search agree $2.2billion deal for InterOil
Total and Australia's Oil Search have agreed exclusive Memorandum of Understanding (MoU) to acquire InterOil in a $2.2billion deal .
InterOil commence second well test on Antelope-5
InterOil said a second planned extended well test has commenced on Antelope-5 in Papua New Guinea.
Total begins drilling of Antelope-6 appraisal well
Total has begun the drilling of the Antelope-6 appraisal well in Papua New Guinea.
Oil Search abandons Taza appraisal well in KRG
Oil Search has completed a drilling update on two of its wells in Papua New Guinea and the Kurdistan Region of Iraq (KRG). The company said the Taza 3 ST1 oil appraisal well in KRG has been plugged and abandoned with the rig being demobilised. The forward plan is to evaluate the results of the drilling, together with the recently proposed seismic, prior to making further drilling decisions.
Oil Search signs statement of intent for next phase of Ramu Power Project
Oil Search has signed a statement of intent on the next phases of the Ramu Power Project in Papua New Guinea. The company said the agreement has been made with government-owned PNG Power Limited (PPL) on the project which is aimed at connecting up to one million people to a larger electricity grid by 2030.
InterOil begins Antelope drilling in New Guinea
InterOil has started drilling on a side-track well at the Antelope-4 site, as part of its appraisal campaign on the Elk–Antelope gas field in Papua New Guinea.
Total takes over New Guinea LNG project
Total has completed the transfer of operations of the Papua LNG Project in New Guinea from national operator Oil Search.
Oil Search boosts production target on record output
Oil Search has increased its production targets after achieving a record quarterly output in the second quarter of the year. The company said it now expects its production to be between 27 and 29mmboe (million barrels of oil equivalent). A previous estimate by the Papua New Guinea focused oil and gas producer had been between 26 and 28mmboe.
ExxonMobil signs MOU to supply gas in Papua New Guinea
ExxonMobil has signed a Memorandum of Understanding (MOU) to supply natural gas to power plants in Papua New Guinea. The company said it would begin preparations this year to drill an appraisal well at the P’nyang field, which is co-owned by Oil Search. ExxonMobil said the reserves could “enable expansion of the PNG LNG project which could include the development of a possible additional train”.