Papua New Guinea LNG stakeholder boosts profits as plant expansion venture advances
Oil Search, the stakeholder in the Papua New Guinea liquefied natural gas plant and its expansion project, posted strong annual results with increased net profits and revenues as PNG headed for a final agreement by the end of March on building three new processing Trains.
Papua New Guinea LNG expansion to advance in March with gas deals and engineering plans
The Papua New Guinea government and the owners of the licences for feed-gas to enable liquefied natural gas expansion in the Oceania nation are expected to give the go-ahead for the joint venture by the end of March.
Papua New Guinea LNG plans major expansion statement at APEC summit in Port Moresby
Oil Search, one of the main stakeholders in the Papua New Guinea LNG plant, said the finalization of the expansion plan is expected to be announced at this week’s Asia-Pacific Economic Cooperation (APEC) meetings in Port Moresby.
Papua New Guinea LNG plant ramps-up second Train as output nears pre-earthquake levels
The Papua New Guinea LNG export plant, operated by US major ExxonMobil Corp., has fully re-started operations and exports with the second processing Train set to ramp up to full capacity during May following a temporary shutdown of operations when associated infrastructure was damaged in the February 26 earthquake.
ExxonMobil achieves partial re-start of Papua New Guinea LNG export plant after quake
ExxonMobil Corp., operator of the Papua New Guinea LNG export plant, said production has partially resumed ahead of schedule following a temporary shutdown of operations when associated infrastructure was damaged in the February 26 earthquake.
ExxonMobil says revised feed-gas reserves for PNG LNG will have lasting impact for nation
ExxonMobil Corp., operator of the Papua New Guinea liquefied natural gas export plant near Port Moresby, has announced a more than 80 percent increase in estimated reserves in a key natural gas field underpinning the LNG expansion in the Oceania nation and said it would have a lasting economic impact for the people of PNG.
Oil Search gives update of Papua New Guinea LNG plans and acquisition of Alaskan assets
Oil Search, the Papua New Guinea company said its LNG business was moving forward as it enters into a joint venture in Alaska in January prior to buying some or all of the assets of US independent Armstrong Oil and Gas (AOG), developer of the Alaskan North Fork natural gas field on the Kenai Peninsula in 2007 and holder of North Slope interests.
Papua New Guinea LNG plant stakeholder Oil Search signs Alaska North Slope assets deal
Oil Search, the Australian-listed stakeholder in the Papua New Guinea LNG plant and its expansion project has agreed to acquire a number of assets in the Alaska North Slope for US$400 million from privately-held companies Armstrong Energy and GMT Exploration.
Papua New Guinea LNG expansion engineering starts in 2018 as current plant output soars
Oil Search, the Australian-listed company with a stake in the Papua New Guinea LNG plant operated by ExxonMobil, posted record third-quarter production underpinned by an “excellent performance” from PNG LNG, where output was 25 percent higher than nameplate capacity..
