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Free ReadOil Search, the Australian-listed Papua New Guinea LNG shareholder with a stake in the expansion project, plans to write off up to $US400 million, mostly on exploration assets and a gas-to-power project in PNG due to the outlook for oil and gas prices. The PNG-focused oil and gas company will…
Free ReadBrazilian state-controlled energy company Petroleo Brasileiro SA said it had pre-qualified nine bidders, including European-based majors Royal Dutch Shell, BP of the UK and Total of France, for the long-term lease of one of its liquefied natural gas import terminals in the northeast of the country. The bidding is for…