New analysis says cuts to oil and gas investment budgets will result in a major reduction in greenfield tenders for contractors to compete for. Read More
Since resuming activity in late April after the February Highlands earthquake, Oil Search’s LNG project in Papua New Guinea has performed strongly with a 12 per cent second quarter increase in total production. Read More
ExxonMobil, operator of the PNG LNG Project, has restarted production safely following a shutdown of operations after a severe earthquake on 26 February. Read More
Following a 7.5 magnitude earthquake in Papua New Guinea last week, sources say ExxonMobil has declared force majeure for LNG exports from the PNG LNG Project. Read More
Kumul Petroleum Holdings Limited (KPHL) has signed a binding Heads of Agreement (HoA) with Total for the joint marketing and sale of their shares of LNG and condensates to be produced from the Papua LNG Project. Read More
As operator of two of the four licences that will comprise the Western Province gas aggregation scheme, Horizon Oil has progressed planning for the proposed Western LNG Project in Papua New Guinea. Read More
Kumul Petroleum, Papua New Guinea's national oil and gas company, has executed an agreement with KBR for a feasibility study for an energy hub in the Kikori region of the Gulf Province, Papua New Guinea (PNG). Read More
The Monadelphous Jacobs Joint Venture (JV) has received a letter of intent from Oil Search to enter into a new proposed five year engineering, procurement and construction (EPC) contract. Read More
InterOil’s shareholders have overwhelmingly voted to approve the transaction with ExxonMobil, which will see the US company buy InterOil for approximately $US2.5 billion. Read More
ExxonMobil and Papua New Guinea’s InterOil have agreed a deal worth more than $US2.5 billion which will see the US supermajor takeover the smaller producer. Read More
Releasing its first quarter results for 2016, InterOil is expecting construction on the Papua LNG project to begin in 2018.
While it is still in the planning phase, the project will potentially involve Read More