Asia – a natural home for LNG
In the 1980s, local divers began to explore a fishing spot west of Sumatra and uncovered artefacts from a long-lost wreck.
Papua New Guinea
Total calls time to FEED at low-carbon Papua LNG
“The Marape-Rosso government places high priority on the delivery of Papua LNG project, we have an improved deal for our people, and improved contribution of our national contractors and work force.”
TotalEnergies’ Papua LNG to use electric liquefaction trains in net zero push
TotalEnergies (LON:TTE), operator of the Papua LNG project, plans to use electric liquefaction trains at its proposed LNG export development in Papua New Guinea (PNG), as part of an effort to slash emissions, which also includes CCS.
TotalEnergies to add CCS to Papua LNG project
TotalEnergies (LON:TTE) plans to add a carbon capture and storage (CCS) dimension to its proposed 5.4 million tonnes per year (t/y) Papua LNG project in the Pacific Island nation of Papua New Guinea (PNG).
Australian contractor Clough’s collapse leaves more than $8bn of projects in limbo
More than $8 billion worth of gas, power, rail and mining projects across Australia, Mongolia and Papua New Guinea (PNG) face delays following the collapse of engineering company Clough on Monday.
PNG offers gas investment priority to Japan for energy security
Papua New Guinea (PNG) offered Japanese companies favoured access to new gas field development opportunities and liquefied natural gas (LNG) processing projects in trade talks that focused on energy security, PNG Prime Minister James Marape said, reported Reuters.
PNG offers Santos $1.4bn for 5% share of ExxonMobil-led PNG LNG
Santos (ASX:STO) has confirmed that it has received a US$1.4 billion offer from Papua New Guinea’s (PNG’s) national oil company Kumul Petroleum to acquire a 5% interest in the ExxonMobil-operated PNG LNG export complex from the Australian company. Crucially, the deal, if it goes through, will help Santos’ strategic about face towards oil in Alaska.
TotalEnergies starts upstream FEED studies for Papua LNG
TotalEnergies said it will launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities in Papua New Guinea (PNG).
Small-scale floating LNG power solutions set for Papua New Guinea
Twenty20 Energy will roll out its proprietary power island floating storage regasification and power solution at 12 locations across Papua New Guinea (PNG) on behalf of PAWA PNG. The solution will serve as a model for future nearshore power generation plants in coastal regions worldwide, reckons the Singapore-based firm.
TotalEnergies signs exploration deal covering large gas prospect offshore PNG
TotalEnergies’ (LON:TTE) is planning to explore a large undrilled shallow-water gas prospect in the Cape Vogel basin offshore Papua New Guinea (PNG) after signing a technical cooperation agreement with Australia’s Lakes Blue Energy.
ExxonMobil’s P’nyang deal bullish for PNG’s LNG export growth
A deal struck between ExxonMobil (NYSE:XOM) and the government of Papua New Guinea (PNG) earlier this year will ensure that the Pacific Island nation will remain a major force in the global market for liquefied natural gas (LNG) for years to come, according to a report by Fitch Solutions. Significantly, the government secured “highly favourable terms.”
As Europe reconsiders energy security, LNG is set for the limelight
It is unlikely that Europe will agree to cutting gas flows from Russia, but the invasion of Ukraine has had a clear impact on security of supply considerations.
PNG wants bigger share of ExxonMobil’s LNG project
The government of Papua New Guinea (PNG) is pushing for a bigger shareholding of the ExxonMobil-led PNG LNG export project. The latest move was triggered by the proposed merger of Santos (ASX:STO) and Oil Search (ASX:OSH), both of which hold stakes in PNG LNG.
ExxonMobil and PNG agree key terms for LNG expansion
ExxonMobil (NYSE: XOM) and Papua New Guinea (PNG) have agreed key terms for the P’nyang development that could expand the current PNG LNG export project.
PNG scrutinises Santos-Oil Search merger
The government of Papua New Guinea (PNG) has raised concerns that Santos’ proposed $15.5 billion merger with Oil Search could harm national interests in the liquefied natural gas (LNG) exporting country.
Santos and Oil Search edge closer to $15.5 billion merger
Santos and Oil Search have agreed a merger deal that will create a A$21 billion ($15.5 billion) Asian oil and gas producer, confirming terms agreed on last month.
PNG government reneges on offshore gas agreement again
The government of Papua New Guinea (PNG) has again changed the agreed fiscal terms for Twinza Oil’s proposed Pasca A gas project, which would be the country’s first offshore development. Significantly, the move underscores the increasing political risk for resource investors, such as ExxonMobil, in the Pacific Island nation.
TotalEnergies’ Papua LNG advancing as ExxonMobil’s P’nyang talks look up
TotalEnergies and its partners are targeting to start front-end engineering and design (FEED) work at the Papua liquefied natural gas (LNG) project, led by the French company, next year. Significantly, ExxonMobil could also be close to cutting a critical deal with the Papua New Guinea (PNG) government that would help expand the development.
Bidding war could erupt for crisis-hit Oil Search
Following Santos' proposed takeover offer for Oil Search, which has major stakes in Papua New Guinea’s emerging LNG sector, a bidding war could emerge. Likely acquirers include ExxonMobil and TotalEnergies, both of which have big shares in the PNG projects.
Oil Search rejects $16bn merger approach from Santos
Australia’s Santos said today that it approached compatriot Oil Search about a potential merger last month. However, the offer to create an energy company with a market value of $16.1 billion was rejected by Oil Search, which has major stakes in Papua New Guinea’s (PNG’s) emerging liquefied natural gas (LNG) sector.
Oil Search seeks new boss after shock resignation
Oil Search managing director Keiran Wulff has suddenly resigned from the Australian-listed company following complaints about his behaviour and ill health. This leaves the Papua New Guinea-focused oil and gas producer in an uncertain position as it seeks new leadership.
Mubadala sells $273 million stake in Oil Search
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded a A$363 million ($273 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.
Total talks up Papua LNG plan with authorities
Total has set out plans to get the Papua LNG plan back on track, following the declaration of force majeure on its Mozambique LNG project.
Offshore development suspended as PNG changes the rules again
Twinza is suspending the development of its Pasca A offshore project in Papua New Guinea (PNG) after the government reneged on a previous agreement and increased its demands.
Blow for Santos as China’s ENN exits
Santos said today that its largest shareholder had sold about one third of its stake worth A$785 million ($603.7 million) in the Australian gas producer. This ends a strategic relationship with ENN Group, which is one of the largest gas distributors in China.