Papua New Guinea
News
June 02, 2024
Mineral Resources Development Company Limited (“MRDC”) and Twinza Oil Limited (“Twinza”) have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% Participating Interest in the Pasca A Development Project. Additionally, the companies agreed to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.
News
September 01, 2023
Santos has executed a binding sale agreement to deliver Kumul Petroleum Holdings Limited a 2.6% participating interest in PNG LNG, for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt.
News
June 22, 2023
This 3D is crucial to enhancing the geological understanding of the sparsely explored offshore Gulf of Papua and developing drill ready prospects like those recently identified by a supermajor in the permit immediately adjacent to the Nanamarope 3D.
News
July 21, 2022
TotalEnergies, as operator, announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design sudies for the Papua LNG project's upstream production facilities.
News
August 03, 2021
Oceaneering International’s Integrity Management and Digital Solutions segment has won a new multi-year contract in Papua New Guinea with a major operator.
News
May 06, 2021
France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic.
Article
January 2020
Considerable potential remains in this gas-prone region
News
September 03, 2019
After months of delays and new commitments by Total SA, Papua New Guinea will honor a gas deal with the French energy giant, clearing a major hurdle for a $13 billion plan to expand the nation’s fuel exports.
News
August 21, 2019
The Total SA-led liquefied natural gas joint venture in Papua New Guinea is seeking to finish a new round of negotiations with the government by the end of August, while insisting that the original agreement signed with the state in April is fair and equitable to both sides.
News
July 25, 2019
Papua New Guinea’s petroleum minister said he'll recommend changes to a recent natural gas agreement with Total, a potential new hurdle for the delayed $13-billion effort to double the nation’s exports of the fuel.
News
May 30, 2019
A critic of Papua New Guinea’s resource deals has been chosen as the country’s prime minister, a potential speed bump for multi-billion-dollar natural gas export projects led by Exxon Mobil Corp. and Total SA.
News
May 27, 2019
Papua New Guinea Prime Minister Peter O’Neill has resigned, his Australian counterpart confirmed. The Australian Broadcasting Corp. reported he will hand over leadership to Julius Chan, citing comments at a media conference in Port Moresby.
Article
May 2019
Talos Energy—alongside consortium partners Sierra Oil & Gas and Premier Oil—has provided an update on the Zama appraisal program in Mexico’s Block 7, in the prolific Sureste basin.
News
April 09, 2019
Total and its partners ExxonMobil and Oil Search have signed the gas agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project.
News
January 14, 2019
The need to fill new and old gas infrastructure will see the drilling of exciting offshore prospects across Australia, Brunei, Malaysia, Myanmar, Pakistan and Papua New Guinea.
News
November 16, 2018
Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the gas agreement for the Papua LNG Project.
News
August 08, 2018
Santos today announced the Barikewa-3 well, located in Papua New Guinea’s (PNG) onshore Forelands region, intersected 25 m of net gas pay within the Toro and Hedinia reservoir objectives.
News
June 08, 2018
Searcher Seismic has announced the expansion of its modern, high-quality and exploration focused seismic, magnetic and geochemical focused production offerings offshore Papua New Guinea with the completion of the Laurabada UltracubeTM 3D reprocessing project.
News
May 23, 2018
The tiny, impoverished nation of Papua New Guinea came out on the short end of a $19-billion development with ExxonMobil Corp. to build one of Asia-Pacific’s biggest energy projects. But as the company pushes to expand the venture, the government is vowing that round two may require a much bigger payday for the locals.
News
April 12, 2018
ExxonMobil Corp. today announced that the size of the natural gas resource at P’nyang field in Papua New Guinea has increased to 4.36 Tcf of gas, an 84% increase from a previous assessment completed in 2012.
News
March 15, 2018
An average capex of $7.1 billion per year is forecast to be spent on 31 upcoming oil and gas fields in Oceania between 2018 and 2025, according to GlobalData, a leading data and analytics company.
