Papua New Guinea
News
July 21, 2016
Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5-billion bid for gas explorer InterOil Corp.
News
July 17, 2016
Exxon Mobil Corp. has offered a superior bid for InterOil Corp., according to Oil Search Ltd., which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.
News
July 13, 2016
Exxon Mobil Corp. made an indicative takeover proposal for InterOil Corp. that topped a competing $2.2-billion bid for the owner of trillions of cubic feet of natural gas discoveries in Papua New Guinea, a person with knowledge of the matter said.
News
June 10, 2016
Oil Search Ltd., the energy producer that agreed to acquire fellow Papua New Guinea explorer InterOil Corp. for $2.2 billion, is betting it can overcome a languishing LNG market to deliver another export project by beating rivals on costs.
News
May 20, 2016
Total and Oil Search will divide the Papua New Guinea assets of InterOil Corp. in a two-step deal as global energy companies seek to expand the Pacific nation’s LNG exports.
News
December 24, 2015
Total E&P PNG Limited has begun drilling the Antelope-6 appraisal well in the Gulf Province of Papua New Guinea.
News
October 28, 2015
Oil Search Ltd. Managing Director Peter Botten says it’s “business as usual” for the oil and gas producer amid the standoff with spurned suitor Woodside Petroleum Ltd.
News
September 07, 2015
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, made a A$11.65 billion ($8.1 billion) share-based preliminary takeover bid for Oil Search Ltd. in a deal that would increase its exposure to Papua New Guinea.
News
August 25, 2015
Oil and gas companies are looking more attractive to buy than individual assets following the plunge in share prices, according to Oil Search Ltd., Exxon Mobil Corp.’s partner in Papua New Guinea.
News
July 31, 2015
InterOil Corp. and Total E&P PNG Limited have agreed that Total will become operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea from August 1, 2015.
News
July 02, 2015
InterOil Corporation and the PRL 15 joint venture participants have unanimously endorsed recommendations from Total SA for key project infrastructure sites for development of Elk-Antelope gas field in Papua New Guinea.
News
March 11, 2015
New Guinea Energy's wholly owned subsidiary, Kirkland Ltd., has completed the sale of its 50% interest in PPL269 located in Papua New Guinea to Barracuda Ltd., a subsidiary of Santos Ltd.
News
February 22, 2015
The Papua, the first PNG LNG Project custom-built ship, arrived at the PNG LNG marine facilities on Sunday to begin cool down and loading of its first LNG cargo.
News
February 11, 2015
InterOil Corporation has advised that the International Chamber of Commerce arbitration panel has dismissed all claims by the PAC LNG companies, affiliates of Oil Search Limited, to pre-emptive rights over a share sale and purchase agreement involving an interest in the Elk-Antelope gas field in Papua New Guinea.
News
January 14, 2015
PARIS -- CGG has been awarded both a land seismic and an airborne gravity survey by InterOil to assess the hydrocarbon potential of their acreage in Papua New Guinea.
