Papua New Guinea
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.
Article
March 2018
TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.
News
February 26, 2018
Exxon Mobil has shut production platforms and a processing plant in the highlands of natural gas exporter Papua New Guinea after an earthquake struck the Pacific nation.
Article
February 2018
With E&P on the mend, major breakthroughs are underway
Article
February 2018
Total (40%) and Chevron (operator, 60%) have announced a major discovery at the Ballymore prospect, in the U.S. Gulf of Mexico.
News
January 15, 2018
ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea.
News
December 07, 2017
Santos has announced it will acquire a 20% equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited.
News
August 22, 2017
Oil Search Ltd., the Papua New Guinea-focused energy explorer, raised its full-year production target because of record output from the country’s liquefied natural gas project.
News
July 18, 2017
Australia's Oil Search said on Tuesday that its second quarter output had slipped from the previous quarter due to maintenance, but production in June at its main asset, the PNG LNG project, had hit a record rate.
News
June 14, 2017
Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea (PNG) Highlands.
News
May 15, 2017
Exxon Mobil Corporation has announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 mi (21 km) northwest of the Hides gas field.
News
May 15, 2017
Santos has announced further positive results from the Muruk-1 exploration well, being drilled in the Papua New Guinea Highlands.
News
March 06, 2017
Less than three years after it began sending one of its most precious resources overseas, Papua New Guinea’s future may be determined by how much of it stays at home.
News
February 17, 2017
On the jungle-covered hills of southern Papua New Guinea, 62-year-old geologist Peter Botten is seeking to engineer a $5-billion deal that would cement the country’s emerging status as one of the world’s most lucrative gas exporters.
Article
February 2017
With a dense population and, therefore, a growing energy demand, Southeast Asia relies heavily on the oil and gas industry. This urgency has given rise to the region’s E&P efforts during an industry downturn, as producers have been forced to contend with low prices and aging fields.
News
December 22, 2016
Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent. Exxon Mobil Corp.’s offer to raise its bid for InterOil Corp. to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent.
News
October 21, 2016
Santos, the Australian oil and gas company, reported an 11% rise in third-quarter sales due to a boost in production.
News
October 12, 2016
Searcher Seismic has commenced acquisition of the 11,000 km Hahonua 2D seismic survey offshore Papua New Guinea.
News
September 22, 2016
Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France’s Total SA, in addition to an expansion of the existing $19-billion Exxon Mobil Corp. PNG LNG project.
News
August 23, 2016
Oil Search Ltd. said development of a second standalone LNG export terminal in Papua New Guinea is unlikely with Exxon Mobil Corp. and Total SA expected to favor cooperation to expand the existing PNG LNG project.
News
July 26, 2016
InterOil Corp.’s founder and third-largest investor said Exxon Mobil Corp.’s $3.6-billion offer for the South Pacific natural gas driller is “vastly inadequate” and he urged Exxon to sweeten the offer.
