Search results for: PNG

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  • 10 July 2015

    ExxonMobil PNG, operator of the US$19 billion PNG LNG project, said it has commenced delivery of up to 25MW of electricity from the LNG plant to PNG Power.

  • 5 June 2014

    PNG’s Prime Minister Peter O’Neill and his delegation inspected on Wednesday the LNG tanker Spirit of Hela, which arrived on June 3 in Tokyo and is currently berthed at the PNG foundation customer, Tepco’s Futtsu terminal. TEPCO has already agreed to import more LNG from PNG in the coming years and anticipates this to continue […]

  • 27 September 2011

    InterOil Corporation, in response to statements attributed to Papua New Guinea’s newly reappointed Minister of Petroleum and Energy, Minister Duma, in a press article published in PNG yesterday, confirmed its full intention of delivering a world class LNG Project compliant with its 2009 Project Agreement with the Independent State of Papua New Guinea. “Having operated […]

  • 10 July 2015

    ExxonMobil PNG, operator of the US$19 billion PNG LNG project, said it has commenced delivery of up to 25MW of electricity from the LNG plant to PNG Power.

  • 22 July 2014

    PNG’s Oil Search said it’s oil and gas production in the second quarter was 3.69 million barrels of oil equivalent (mmboe), up 120 percent compared to 1.68 mmboe in the previous corresponding period, reflecting the impact of the start-up of the PNG LNG project. Production from PNG LNG was 1.87 mmboe, while the base PNG […]

  • 24 February 2015
    Business & Finance

    The first custom-built LNG carrier for the Papua New Guinea LNG project (PNG LNG) arrived at the PNG LNG marine facilities on February 22 to begin cool down and loading of its first LNG cargo. Recently christened as the Papua, the 172,000 cubic metre, 290-metre-long LNG carrier has entered service on a long-term charter with the […]

  • 23 February 2015

    The Papua, the first PNG LNG project custom-built ship, arrived at the PNG LNG marine facilities on 22 February to begin cool down and loading of its first LNG cargo. The 172,000 cbm, 290-metre-long LNG carrier, has entered service on a long-term charter with the PNG LNG project, providing LNG transportation to major customers in […]

  • 7 February 2011
    Project & Tenders

      Pacific Northern Gas Ltd. announced today that it has agreed to sell its 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTP) for $50 million. The transaction has two parts, with the first payment consisting of $30 million that PNG will receive on closing and a second payment of $20 million which […]

  • 14 September 2017

    The government of Papua New Guinea has started to pay local landowners royalties from the $19 billion ExxonMobil-operated PNG LNG project. Landowners have protested several times over the LNG royalties and equity in the project. The PNG LNG project has been exporting the chilled fuel since April 2014 with a 2-percent royalty set aside for landowners, […]

  • 14 November 2011

    Marubeni Corporation has acquired 21% shares of Merlin Petroleum Company (Merlin), more than 99% shares of Merlin had been held by JX Nippon Oil & Gas Exploration Corporation (JX) through its subsidiary. Merlin holds oil and gas interests in Papua New Guinea (PNG) including interests in the country’s first LNG project named the PNG LNG […]

  • 28 August 2013

    PAA Natural Gas Storage announced that the independent directors of the board of directors of PNG’s general partner received a proposal from Plains All American Pipeline, L.P., whereby PAA would acquire all of PNG’s outstanding publicly held common units through a unit-for-unit exchange. PAA is proposing a consideration of 0.435 common units of PAA for […]

  • 6 August 2014

    PNG’s Prime Minister Peter O’Neill met on Tuesday with Talisman Energy’s Executive Vice President, Paul Blakely in Port Moresby where they discussed the progress of oil & gas projects in the Western Province. “Talisman Energy – a Canadian Company, operating in PNG, is PNG’s third LNG project after the PNG LNG and Antelope projects. It is also […]

  • 20 December 2016

    The Papua New Guinea Government has announced it will deploy the military near the ExxonMobil-operated $19 billion PNG LNG project due to what it says rising tensions between tribes in Hela province in the highlands. PNG’s Cabinet has approved a call-out of the Papua New Guinea Defence Force (PNGDF) to support Police to conduct security […]

  • 14 January 2014

    Cape plc, an international provider of essential support services to the energy and natural resources sectors, announced a contract extension between Cape PNG and Chiyoda-JGC Joint Venture (CJJV) worth US$2M associated with the provision of supervision, pipefitting, rigging, crane operations, administration, general tools and equipment rental for the PNG LNG Project. The PNG LNG Project […]

  • 9 December 2011

    The Japan Bank for International Cooperation (JBIC) said today it has signed a $263 million loan agreement with Nippon Oil Exploration (PNG) Pty Ltd., an subsidiary of JX Nippon Oil and Gas Exploration Corp., for the PNG LNG Project in Papua New Guinea. The loan will be provided jointly with the Bank of Tokyo-Mitsubishi UFJ, […]

  • 4 November 2011
    Project & Tenders

    Kentz Corporation Limited, the holding company of the Kentz Engineering and Construction Group, confirmed that it has entered into a contract with the CBI Clough joint venture to execute the electrical and instrumentation, construction and commissioning completions contract for the Papua New Guinea (PNG) LNG Project Hides Gas Conditioning Plant. The PNG LNG Project is […]

  • 1 April 2015
    Project & Tenders

    ExxonMobil PNG, operator of the PNG LNG project, has executed an agreement for the sale of electricity to PNG Power.

  • 14 March 2011
    Business & Finance, Operations & Maintenance, Research & Development

      The Government of Papua New Guinea has confirmed that it intends to take up a 30% stake in the Solwara 1 project in the Bismarck Sea in Papua New Guinea (PNG). Nautilus Minerals Inc. will retain a 70% holding in a joint venture to be established with the PNG Government. In a letter to […]

  • 14 May 2014

    The PNG LNG Project, operated by ExxonMobil PNG Limited, has provided a significant platform for the development of skills and capacity building for Papua New Guinean citizens and institutions. Managing Director of ExxonMobil PNG Limited, Peter Graham said many Papua New Guineans have been either trained, up-skilled or mentored, not just for the PNG LNG […]

  • 15 May 2012

      Santos of Australia said recent gas discoveries around the Hides gas field have made a third train at the Papua New Guinea LNG project more likely, Reuters reported, citing Santos chief executive David Knox. “There’s a good prospect that we’ll have a train 3, it’s hard to tell when,” he said. The PNG LNG […]

  • 16 February 2017

    ExxonMobil PNG, a unit of the US-based energy giant and operator of the Papua New Guinea LNG joint venture, said Thursday it has added 2.3 trillion cubic feet (Tcf) to the existing LNG project fields’ resource base. The resource addition follows an independent review by Netherland Sewell Associates. The recertification study, which included all PNG […]

  • 4 December 2018

    ExxonMobil’s Papua New Guinea unit, the operator of the PNG LNG project, signed a deal with PNG Power to undertake a joint feasibility study in 2019 to assess the potential of providing power to the Hela province.