Papua New Guinea (PNG) Prime Minister James Marape has passed six pieces of legislation through the country’s parliament to ensure the $US20 billion Papua LNG project proceeds. Read more
Horizon Oil offloads PNG assets
Horizon Oil has agreed to sell its portfolio of assets in Papua New Guinea to Arran Energy for $US3.5 million ($4.9 million). Read more
Oil Search benefits from strong PNG performance
Oil Search has reported that the ExxonMobil-operated Papua New Guinea (PNG) liquified natural gas (LNG) project continues to perform ahead of expectations. Read more
Oil Search reignites P’nyang discussions
Oil Search has continued exploratory discussions with the Papua New Guinea (PNG) Government during the first half of the year in regards to the P’nyang gas agreement. Read more
Oil Search production increases by 4%
Oil Search has reported that total company production during the second quarter was 7.89 million barrels of oil equivalent (mmboe), including 6.4 mmboe from the Papua New Guinea LNG project. Read more
Oil Search cuts down on PNG activities
Oil Search has reduced activity at a number of exploration and evaluation assets in Papua New Guinea (PNG) as part of a strategic review. Read more
Oil Search restructure to help build resilience
Oil Search has completed a review of the company and its cost structure, positioning it to operate safely, cost efficiently and to progress its opportunities in Papua New Guinea (PNG).
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Nacap full steam ahead on PNG pipeline
Nacap has confirmed that all systems are go on its Papua New Guinea project, with its team developing an essential condensate pipeline.
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Oil Search confirms robust position amid COVID-19
Oil Search has described the first quarter of 2020 as one of the most “volatile periods in history” for the company despite production increasing by 5 per cent and operated production sky-rocketing by 43 per cent amid COVID-19. Read more
Oil Search to raise $1.16bn amid oil slump
Oil Search plans to raise $US700 million ($1.160 billion) to secure additional financial strength as it manages a challenging market environment.