Project operator Total, with JV partners ExxonMobil and Oil Search, and the Independent State of PNG all signed the agreement which defines the fiscal framework for Papua LNG. The deal includes a domestic
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Papua LNG agreement delayed
Last year, the JV’s Total, ExxonMobil and Oil Search singed a memorandum
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Horizon reassesses in PNG
Horizon holds a 30.15 per cent operating interest in the PRL 12 licence in PNG, which contains the Elevala and Ketu fields. The company and its joint venture partners
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PNG LNG signs deal with Unipec
The project’s joint venture (JV) partners have entered into a mid-term LNG sale and purchase agreement (SPA) with Unipec Singapore for the supply of approximately 0.45 MTPA over a four-year period commencing
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Australian companies in mix for Twinza
The Australian Financial Review reported investment banks Goldman Sachs and UBS have been pitching Twinza to possible trade
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Papua LNG closing in on gas agreement
Oil Search Managing Director Peter Botten said the deal was expected to be done in the first half of next month. “The Papua LNG Gas Agreement is on track to
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Oil Search results up despite quake
The company’s net profit after tax hit US$341 million (AU$475.75 million), up 13 per cent from 2017. Oil Search’s Kutubu, Agogo, Moran and Gobe Main oil fields went offline after a 7.5 magnitude earthquake
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Oil Search provides update on PNG explorations
In January, Oil Search reported drilling at the Muruk 2 well had continued in an 8.5 inch (215.9 mm) hole, with a 7 inch (177.8 mm) liner run and cemented at 3,509
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Bass producing strong numbers in Sumatra
The company reported a November production of 23,434 bbl of oil at the Tangai-Sukananti KSO project, with Bass’s 55 per cent share in the project leaving it
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Total, Woodside eye Oil Search acquisition
According to The Australian, Credit Suisse believes the exit of the Papua New Guinea government as a shareholder in the company and the need to find
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