Turkish Ship to Start Oil Search Off Somalia This Month
Turkey's Energy Ministry announced on Thursday that a Turkish seismic research ship plans to arrive at the end October off the coasts of Somalia and begin searching for natural gas…
Oil Search Q2 Revenue Falls About 30%
Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil a
Oil Search Boss to Retire in 2020
Papua New Guinea's biggest company Oil Search Ltd said on Tuesday long-serving Managing Director Peter Botten will retire from the firm next year after 25 years in the role, just as…
Oil Search on Tenterhooks over Total's PNG Gas Deal
Oil Search warned on Tuesday that costs for a $13 billion plan to double gas exports from Papua New Guinea could rise if talks on a gas agreement between the government and Total SA…
Total, Exxon Sign for Papua New Guinea LNG Project
French energy giant 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…
$13 Bln Papua LNG Project Pushes Ahead
France's Total and its partners signed a long-awaited deal with Papua New Guinea on Tuesday that will allow initial work to start on a $13 billion plan to double the country's liquefied…
Total Signs MoU on LNG Project
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…
Papua New Guinea Paves Way for LNG Expansion
A long-awaited project led by France's Total SA that will help double liquefied natural gas (LNG) exports from Papua New Guinea has come another step closer, with the government agreeing…
Kutubu Light Crude Oil Exports to Resume in Spot Trade
Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April, three…
Papua New Guinea LNG Mid-term Deals to be Finalized
Papua New Guinea LNG mid-term deals to be finalized in H1 2018** Papua New Guinea's (PNG) liquefied natural gas (LNG) project aims to finalise supply agreements with shortlisted companies…
Exxon Assessing Earthquake Damage to New Guinea NatGas Plant
LNG export project knocked out by major quake in late Feb. A senior Exxon Mobil Corp executive said on Wednesday the company is still assessing damage to its natural gas processing plant in the mountains of Papua New Guinea…
Chevron sells May-loading Cossack Cargo
Chevron sold its May 4-8 loading Cossack crude oil cargo to oil trader Trafigura at a premium of $1.70 to $1.95 a barrel above dated Brent, trade sources said on Monday. Woodside Petroleum…
LNG Heats Up Again as Market Changes: Russell
If you were looking for signs that the liquefied natural gas (LNG) merry-go-round is starting to spin a little faster, the announcement of a planned massive expansion in Papua New Guinea is ample evidence.
Oil Search Profit Soars, Now Focusing on Gas Projects
Oil Search sees PNG LNG expansion agreement by late 2017. Australia's Oil Search Ltd reported a five-fold jump in half-year profit on higher oil and gas prices and lower costs, and…
Total Expands Oil Search Offshore West Africa
Total has signed a deal to explore for oil and gas offshore Mauritania, the French company said on Friday, expanding the scope of its search for new fields in the deep waters off West Africa's Atlantic coast.
ExxonMobil Makes New Discovery Onshore Papua New Guinea
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)…
ExxonMobil Makes Gas Discovery in Papua New Guinea
Exxon Mobil Corporation announced a new natural gas discovery in the Papua New Guinea North Highlands, 21 kilometers northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent)…
Norway, Russia to Swap Seismic Data in Oil Search
Russia and Norway have agreed to exchange seismic data from the two countries' Arctic maritime border in a bid to help the search for oil and gas, the Norwegian Petroleum Directorate (NPD) said in a statement on Wednesday.
Total Analyzing ExxonMobil's Competing InterOil Bid
French oil and gas company Total said on Wednesday it was analysing a competing offer made by rival U.S oil giant ExxonMobil's for explorer InterOil Corp, its partner in a gas field in Papua New Guinea.
ExxonMobil's InterOil Offer a model for Bottom Fishing: Russell
ExxonMobil Corp's bid to buy a junior natural gas explorer in a remote Pacific country shows that rare corporate ability of planning a deal at the bottom of the commodity cycle that holds the promise of long-term returns.
