Searcher Seismic started the acquisition of the 11,000km Hahonua 2D Seismic Survey offshore Papua New Guinea. This new acquisition, in partnership with BGP, increases Searcher's total seismic data library in the region to over 70,000km…
Supermajor ExxonMobil and independent Oil Search have taken stakes in two deepwater licenses offshore Papua New Guinea, in the southwest Pacific. The move will see the two firms each take a 40% stake in the PPL 373 and PPL 375 licenses from Gini Energy…
Australia-based upstream company New Guinea Energy (NGE) has made an investment of some US$2.7 million (AU$3.55 million) in Karoon Gas Australia, representing about 18% of the company’s net assets. NGE, focused in Papua New Guinea (ONG)…
Ophir Energy has cut its planned development cost and signed a heads of agreements for LNG offtake from its Fortuna FLNG project offshore Equatorial Guinea. Gross capital costs on the project - due to be Africa's first floating LNG project…
Woodside Petroleum informed Papua New Guinea-focused Oil Search that it has withdrawn its proposal to merge the businesses. Woodside CEO Peter Coleman. Image from Woodside. This follows the Australian explorer’s US$8…
Image: PNG seismic/ Searcher Seismic Searcher Seismic has announced the Haere 2D Seismic Survey offshore Papua New Guinea (PNG). The survey, in cooperation with the Department of Petroleum and Energy (DPE) and project partner BGP…
Petrobras has further revised down its investment plans for 2015 and 2016, opting to cut US$3 billion in spending in 2015, and $8 billion in 2016, the Brazilian state-owned firm announced on 5 October. In June, embattled operator approved a new five-year investment plan for 2015-2019…
The Santos-led GLNG project has started producing its first liquefied natural gas (LNG) on Curtis Island, Queensland, on schedule and within budget, the company said. Train 1, which welcomed its first gas in August, is producing the gas…
Papua New Guinea-based Oil Search has rejected Woodside’s US$8.1 billion all stock proposal the Australian company made last week. Woodside CEO Peter Coleman. Image from Woodside. Oil…
Stolt-Nielsen and Golar LNG jointly announced the formation of a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution. Stolt-Nielsen has made a strategic investment in Golar LNG through open-market purchases…
The Russian Government has granted exclusive rights to four companies to export liquefied natural gas (LNG), Russian Prime Minister Dimtry Medvedev signed a resolution on 14 July granting LNG export privileges to OJSC Gazprom, its subsidiary Gazprom Export…
Houston’s Wison Offshore and Marine presented two concepts to the Pandora LNG joint venture partners for development of the Pandora gas field offshore Papua New Guinea, Cott Oil and Gas (40% interest) announced on 2 June 2014. Wison was…
The first shipment from the PNG LNG project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power Co. Inc. “This announcement is a historic moment for Papua New Guinea (PNG),” ExxonMobil PNG Limited Managing Director Peter Graham said…
OAO Yamal LNG closed on a contract to supply China National Petroleum Corporation (CNPC) 3mtpa LNG annually for 20 years from the Yamal LNG project in the Russian Arctic, according to Yamal LNG majority shareholder OAO Novatek. CNPC bought…
Papua New Guinea is home to the Esso Highlands Ltd.- operated PNG LNG project, the first of its kind in the country’s history. Sarah Parker Musarra provides an update and examines the milestone project’s offshore pipeline. Occupying a small corner of Southeast Asia…
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