Papua New Guinea
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Papua LNG closing in on gas 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.
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Australian companies in mix for Twinza
Potential buyers and investors for Twinza Oil include Australian energy heavyweights Santos and Oil Search, according to reports.
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Oil Search results up despite quake
Oil Search recorded a net profit after tax increase for 2018, despite operations going offline for periods after the Papua New Guinea earthquake.
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Oil Search provides update on PNG explorations
Drilling is progressing at an appraisal well in the Papua New Guinea Highlands.
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Total, Woodside eye Oil Search acquisition
Woodside Petroleum and French company Total are rumoured to among potential contenders to acquire Oil Search.
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Bass producing strong numbers in Sumatra
Bass Oil recorded another strong month at the its development in Sumatra, Indonesia.
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Oil Search establishes new bilateral facilities
Oil Search has entered into three new bilateral revolving credit facilities totalling US$300 million (AU$416 million).
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STATS targeting Australia
UK-based STATS Group is looking to increase contract opportunities in Australia and the wider Asia Pacific region.
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Oil Search updates PNG drilling
Oil Search is progressing with its drilling of an appraisal well in the Papua New Guinea Highlands.
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Oil Search wins award for earthquake response
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.
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Pandora licence up for renewal
PRL 38, a licence in Papua New Guinea that includes the Pandora gas discoveries, has expired.
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Papua LNG JV signs MoU with government
The Papua LNG Joint Venture (JV) participants, including Oil Search, have signed a memorandum of understanding (MoU) with the PNG government.
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Oil Search attributes PNG success to local engagement
Oil Search Managing Director Peter Botten has attributed the company’s success in Papua New Guinea to its engagement with locals.
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Bass constructing new drill site
Bass Oil has started the construction of a new drilling site in South Sumatra, Indonesia.
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Bass teams with universities for oil recovery
Bass Oil has expanded its relationship with two Asian universities in order to improve oil recoveries from its operations.
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Kina and Santos amend farmout agreement
Kina Petroleum and Santos subsidiary Barracuda Limited have agreed to amend elements of the PPL 339 farmout agreement for the Papua New Guinea licence.
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NGE buys into Horizon’s PNG LNG
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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Oil Search stands strong in PNG
Oil Search says it has shown a strong recovery following the 7.5 magnitude earthquake in the Papua New Guinea Highlands in February.
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Wärtsilä to operate Oil Search PNG gas power plant
Wärtsilä has signed an agreement with NiuPower to be responsible for the operation and maintenance of the Port Moresby Power Station, a clean-burning natural gas power plant in Papua New Guinea.
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GEV and Twinza target east coast gas market
Global Energy Ventures (GEV) has signed a heads of agreement (HOA) with Twinza Oil to explore a plan for the export and sale of gas from Papua New Guinea to the Australian east coast.
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Barikewa-3 well strikes gas
Joint venture (JV) partners Santos, Oil Search and Cue have discovered a significant gas resource in the Barikewa-3 well in Papua New Guinea.
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Oil Search finds gas in PNG well
Oil Search has encountered gas in its Barikewa 3 appraisal well in PRL 9 in Forelands, Papua New Guinea.
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Oil Search’s Agogo resumes operation
Oil Search's Agogo Production Facility in Papua New Guinea has recommenced operation following the completion of repair work.
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Cooper Basin keeps Santos strong despite earthquake
The highest quarterly oil production in four years at the Cooper Basin has helped Santos offset profits lost during the shutdown of its Papua New Guinea assets an earthquake in February.
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Oil Search PNG LNG project recovering after earthquake
Since resuming activity in late April after the February Highlands earthquake, Oil Search's LNG project in Papua New Guinea has performed strongly with a 12 per cent second quarter increase in total production.
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Exxon suspends construction of Angore pipeline
ExxonMobil has ceased construction of its Angore gas pipeline in Papua New Guinea, after a number of sites were vandalised.
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