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Landmark Papua New Guinea natural gas deal signed
Papua New Guinea has agreed terms for a new multi billion dollar natural gas project with Total, ExxonMobil and Oil Search that would double energy production and boost exports from the poor
ExxonMobil announces new natural gas discovery onshore
Exxon Mobil Corporation (NYSE:XOM) today announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited, a subsidiary of Santos Limited (20 percent, subject to regulatory approval), with Oil Search as operator.
New Guinea on Flipboard Natural Gas, Long form
Natural Gas. Papua New Guinea's new PM to 'review' gas deals [GGP] . Newly chosen Prime Minister James Marape said the country was intent on "maximizing gain" from natural resources.
ExxonMobil Resumes Liquefied Natural Gas Production in
IRVING, Texas (BUSINESS WIRE) ExxonMobil said today that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon.
Papua New Guinea Oxfam International
Papua New Guinea. Papua New Guinea (PNG) is the largest and most populous country in the Pacific. After early colonial administration by Britain and Germany, and four years of Japanese occupation during WWII, PNG gained independence from Australia in 1975. A nine year secessionist revolt on the eastern island of Bougainville ended in 2001
Santos joins P’nyang group in Papua New Guinea
Santos Ltd., Adelaide, reported it intends to acquire a 14.3% interest (pre government back in) in petroleum retention licence PRL3 in the western highlands of Papua New Guinea.
PetroChina inks three year LNG supply deal with PNG LNG
Natural Gas Sydney — China's state owned PetroChina International has signed a three year agreement for the purchase of million mt/year of LNG from the ExxonMobil operated Papua New Guinea LNG project, expected to begin in the coming days, Santos and Oil Search said in filings to the Australian Stock Exchange on Friday.
TOTAL expects new PNG Prime Minister to honour gas deal
PARIS: French energy company Total said on Friday that it expected Papua New Guinea’s incoming government to honour a contract signed by the previous administration for a liquefied natural gas (LNG) project in the South Pacific archipelago.
Papua New Guinea Reserves of natural gas, 1973 2018
Papua New Guinea reserves of natural gas was at level of trillion cubic feet in 2018, up from 5 trillion cubic feet previous year, this is a change of %. Proved energy reserves are estimated quantities of energy sources that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.
Papua New Guinea's oil and gas boom blessing or curse?
More recently, oil and gas have become some of country’s most important exports. In September, both the American oil giant Exxon Mobil and Oil Search bought 40 percent shares in two separate offshore explorations permits in the Gulf of Papua.
Australian backed gas project fails to deliver PNG
The massive ExxonMobil led liquid natural gas project in Papua New Guinea, backed by a $500m Australian government loan, has failed to
LNG plans in Papua New Guinea —
LNG plans in Papua New Guinea In a previous article on the economics of liquid natural gas (LNG), we concluded that a structural increase in demand for energy, especially clean energy like LNG, combined with technological improvements have combined to improve the economics of LNG production in a fundamental way.
Santos farms into ExxonMobil’s Papua New Guinea license
Australian oil and gas company Santos has signed a binding letter of intent to acquire a 14.3 percent interest in Petroleum Retention Licence 3 (PRL 3), containing the P’nyang natural gas field in Papua New Guinea.
ExxonMobil resumes liquefied natural gas production in
ExxonMobil said today that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon.
Exxon plans to market tons of LNG from Papua New
Exxon plans to market tons of LNG from Papua New Guinea plant. The two train plant with an original nameplate capacity of tons/year produced tons last year, making it possible to offer the excess for sale, according to the exec. The move also is possible as XOM said previously that the likely technically recoverable natural gas
UPDATE 1 China's Sinopec in talks for more Papua New
Unipec Asia, the trading arm of Chinese oil major Sinopec , is in talks to buy more liquefied natural gas (LNG) from the Exxon Mobil Corp operated Papua New Guinea (PNG) project, five industry
Total in Papua New Guinea
Our two focuses in Papua New Guinea are oil and gas exploration and production, and petroleum product marketing. Our work under the PRL 15 license includes a number of environmental and social programs addressing local communities.
Sinopec and PNG LNG Finalize LNG Sales and Purchase
PORT MORESBY, Papua New Guinea (BUSINESS WIRE) Unipec Asia Co., Ltd., a subsidiary of China Petroleum & Chemical Corporation (Sinopec) and Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation (NYSE:XOM) and operator of the Papua New Guinea Liquefied Natural Gas (PNG LNG) Project, today announced that Sinopec and the project participants
Repsol announces sale of Papua New Guinea interests
Repsol announces sale of Papua New Guinea interests Repsol agreed to sell its shares in the Repsol entities holding its Papua New Guinea assets to Balang International Pte.
In Brief: Santos announces plan to buy into P'nyang
Santos to become an stakeholder in the P'nyang natural gas field project, an agreement between five telecom companies seeks to advance digitisation in Papua New Guinea, and upgrades to the Muliama to Bakok road due to commence soon. Your weekly digest of business news.