Oil Search makes progress with LNG and oil assets in Papua New Guinea and on Alaska North Slope
Oil Search, the company with LNG stakes in Papua New Guinea and oil assets in the North Slope of Alaska, posted a 37 percent increase in fourth-quarter revenues over the previous three months as prices recovered.
Australia-listed Oil Search says Papua New Guinea LNG expansion may proceed with less feed gas
The Papua New Guinea LNG expansion proposal to more than double current output could proceed with the single Papua Gas Agreement signed with the Government and consist of two new processing Trains instead of three Trains.
Oil Search is more optimistic on Papua New Guinea LNG expansion as cargo sales rise at lower prices
Oil Search, the Australian-listed company based in Papua New Guinea, said that discussions were continuing between PNG LNG plant operator ExxonMobil and the Oceania nation’s government on the LNG expansion project as cargo deliveries increased in the third quarter.
Chinese majors attracted by Papua New Guinea LNG and plans to build three new Trains
China Petroleum and Chemical Corp., also known as Sinopec, is in talks to buy more liquefied natural gas from Papua New Guinea from existing production and from plans by the Oceania nation to more than double its output to over 20 million tonnes per annum.
Papua New Guinea LNG signs medium-term sales deal to supply PetroChina terminals
The Papua New Guinea LNG plant, operated by ExxonMobil Corp. under a joint venture with several other companies and the government, has signed a medium-term sales agreement to supply Chinese import terminals owned by PetroChina.
