Chiyoda Corp has secured a design, development and engineering contract with Kumul Petroleum (KPHL) for a floating, storage, re-gasification and power generation (FSRP) facility in Papua New Guinea. The
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Horizon seals PNG deal with Arran
Horizon Oil has completed the sale of its Papua New Guinea (PNG) operations to Arran Energy for $US3.5 million ($4.9 million). With the sale, Horizon has transferred its entire asset portfolio in PNG,
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PNG Government passes core legislation for Papua LNG project
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. Marape said despite COVID-19
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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). Following completion of the deal, Horizon will cease to have any operations
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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. Outlined in the company’s third quarter report,
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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. The company advised that the aim
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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. The PNG LNG
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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. The company reported that this decision was made because of a
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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). As part of
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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. The company reported that it had successfully mobilised a
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