A Lakes Oil subsidiary has achieved a favourable development in a Papua New Guinean court.
Santos will acquire interest in the petroleum licence containing the P’nyang natural gas field in Papua New Guinea.
Kumul Petroleum and Mayur Power Generation have signed an agreement to develop energy projects from gas in Papua New Guinea.
Kina Petroleum has appointed a new Chief Operations Officer of Upstream and LNG.
Political unrest in Papua New Guinea could jeopardise the recently signed Papua LNG project gas agreement.
The Papua LNG Project Joint Venture (JV) partners have signed a gas agreement with the Papua New Guinea (PNG) Government.
An agreement between the Papua LNG Joint Venture (JV) and Papua New Guinea government has been delayed.
Horizon Oil has been directed to propose a new or varied development plan for a petroleum licence in Papua New Guinea.
PNG LNG will increase its contracted volumes to approximately 7.9 million t per annum (MTPA) thanks to the new agreement.
The Papua LNG Joint Venture (JV) will finalise a gas agreement with the Papua New Guinea (PNG) government within weeks, according to a JV partner.
Potential buyers and investors for Twinza Oil include Australian energy heavyweights Santos and Oil Search, according to reports.
Oil Search recorded a net profit after tax increase for 2018, despite operations going offline for periods after the Papua New Guinea earthquake.
Drilling is progressing at an appraisal well in the Papua New Guinea Highlands.
Woodside Petroleum and French company Total are rumoured to among potential contenders to acquire Oil Search.
Bass Oil recorded another strong month at the its development in Sumatra, Indonesia.
Oil Search has entered into three new bilateral revolving credit facilities totalling US$300 million (AU$416 million).
UK-based STATS Group is looking to increase contract opportunities in Australia and the wider Asia Pacific region.
Oil Search is progressing with its drilling of an appraisal well in the Papua New Guinea Highlands.
The Papua New Guinea Chamber of Mines and Petroleum has officially commended Oil Search for its response and relief efforts during February’s earthquake in the Highlands.
PRL 38, a licence in Papua New Guinea that includes the Pandora gas discoveries, has expired.
The Papua LNG Joint Venture (JV) participants, including Oil Search, have signed a memorandum of understanding (MoU) with the PNG government.
Oil Search Managing Director Peter Botten has attributed the company’s success in Papua New Guinea to its engagement with locals.
Bass Oil has started the construction of a new drilling site in South Sumatra, Indonesia.
Bass Oil has expanded its relationship with two Asian universities in order to improve oil recoveries from its operations.
Kina Petroleum and Santos subsidiary Barracuda Limited have agreed to amend elements of the PPL 339 farmout agreement for the Papua New Guinea licence.
NGE Capital has invested in Horizon Oil, citing its interest in assets in the Beibu Gulf, the Taranaki Basin and a strategic interest in a Papua New Guinea (PNG) LNG development as good value.
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