Search results for: Papua New Guinea

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A list of search results

  • 10 March 2014

    InterOil Corporation announced it had started drilling the Wahoo-1 exploration well in Papua New Guinea following approval by the Papua New Guinea Department of Petroleum and Energy. Wahoo-1 is the second of four exploration wells InterOil plans to drill in the Gulf Province over the next 12-15 months. Additionally, InterOil will drill up to four […]

  • 22 December 2014
    Business & Finance

    The first phase of an upgrade of Papua New Guinea’s Lae Port, the joint project of the Government of Papua New Guinea, Asian Development Bank (ADB) and the Independent Public Business Corporation (IPBC), is complete, paving the way for a boost in cargo throughput at the country’s most important port. The first phase upgrade is […]

  • 12 October 2016
    Business & Finance, Equipment

    Huawei Marine said it will help Papua New Guinea to build a national broadband transmission network to meet the increasing demand for internet connectivity and foster social and economic development across the country. Located in the South Pacific, Papua New Guinea is an island nation with numerous mountains and volcanoes, where domestic telecommunications largely relies on […]

  • 26 May 2014
    Vessels

    The first shipment of liquefied natural gas from ExxonMobil PNG Limited’s US$19 billion PNG LNG Project has left Papua New Guinea carrying a cargo bound for Japan for Tokyo Electric Power (TEPCO). “This announcement is a historic moment for Papua New Guinea,” ExxonMobil PNG Limited Managing Director Peter Graham said. “This is the country’s largest […]

  • 6 December 2013

    InterOil has agreed to sell to Total S.A. a gross 61.3% interest in Petroleum Retention License 15 which contains the Elk-Antelope gas fields in the Gulf Province of Papua New Guinea, and has also granted Total an exclusive right to negotiate a farm-in to all its exploration licenses in Papua New Guinea. Agreements covering the […]

  • 5 March 2012

    China Harbour successfully won the bid for Phase I Tide Terminal Project of Lae Port Development Project of Papua New Guinea. This is not only a good start of Sri Lanka Regional Company in the first quarter and the first step of the Company in the market of Papua New Guinea but also laid down […]

  • 29 May 2013

    InterOil Corporation announced that it has nominated Sir Wilson Kamit CBE for election to the Board of Directors. In addition, Isikeli Taureka will join InterOil as Executive Vice President of Corporate Development and Government Relations. Executive Vice President Christian Vinson, who has led InterOil’s corporate development and PNG government relations efforts since the Company’s inception, […]

  • 24 May 2013

    InterOil Corporation and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil, on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed […]

  • 27 May 2014
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. said yesterday that the LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation, has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project. The PNG LNG Project is Papua New Guinea’s first ever LNG project, and will provide long-term supply […]

  • 5 March 2012
    Business & Finance

      China Harbour successfully won the bid for Phase I Tide Terminal Project of Lae Port Development Project of Papua New Guinea. This is not only a good start of Sri Lanka Regional Company in the first quarter and the first step of the Company in the market of Papua New Guinea but also laid […]

  • 14 February 2019

    Searcher Seismic has informed it has wrapped up the regional multi-client airborne gravity, gravity-gradiometry and magnetics survey covering the transition zone of the Gulf of Papua.

  • 15 February 2018
    Ports & Logistics, Project & Tenders

    French energy giant Total and Papua New Guinea’s Kumul Petroleum recently signed a binding heads of agreement to jointly market their shares of production from the proposed Papua LNG export project. Under the deal, the duo will negotiate a shareholders’ agreement for an incorporated joint venture to be set up as the corporate vehicle to commercialize […]

  • 28 September 2017
    Vessels

    Mitsui O.S.K. Lines’ 172,000-cbm, 290-metre-long LNG carrier Papua rescued four yachtsmen off Port Moresby, Papua New Guinea on September 18. 

  • 13 March 2014

    Oil Search of Papua New Guinea announced the completion of its acquisition of the relevant Pac LNG Group Companies holding a 22.835% gross interest in Petroleum Retention Licence 15 (PRL 15), containing the Elk/Antelope gas discoveries in Papua New Guinea. The purchase was funded by a placement of 149.39 million fully paid ordinary shares to […]

  • 8 July 2019
    Business & Finance, Equipment, Operations & Maintenance

    Installation of the new Coral Sea Cable system has started from Port Moresby in Papua New Guinea. Over 4,700km of cable will be laid on the ocean floor from Port Moresby to Honiara and Sydney, with work expected to be completed in late 2019. The underwater fibre optic cable will provide significantly faster internet to […]

  • 30 September 2011

    InterOil Corporation today announced that the Company has retained Morgan Stanley & Co. LLC, Macquarie Capital (USA) Inc. and UBS AG as joint financial advisors to assist InterOil with its soliciting and evaluating proposals from potential strategic partners in the liquefied natural gas (LNG) project currently being led by InterOil’s joint venture entity, Liquid Niugini […]

  • 11 August 2014

    InterOil Corporation has appointed former BG Group Chief Executive Officer and Shell executive Chris Finlayson as Chairman-designate. Finlayson, 58, joins the board immediately, and will replace Gaylen Byker. InterOil is an independent oil and gas company operating in Papua New Guinea where it has discovered one of Asia’s largest gas fields, Elk-Antelope, which it is […]

  • 19 November 2010

    Intertek, a leading global provider of quality and safety solutions, has acquired Pacifica Marine, a marine cargo inspection and surveying company operating in Papua New Guinea. Strategically located in Port Moresby, Pacifica Marine provides a wide scope of survey, inspection and marine insurance related services. Expertise includes bulk cargo inspection, hull and machinery surveys, loading […]

  • 26 December 2010
    Project & Tenders

    InterOil Corporation announced an acquisition of indirect participation interests held by investors under the Amended and Restated Indirect Participation Interest Agreement dated February 2005. The interests acquired total 1.05% participation in the Elk and Antelope fields in Papua New Guinea and in any future discoveries made as a result of four exploration wells still to […]

  • 21 July 2014

    The Government of Fiji has notified the European Union of its decision to apply the interim Economic Partnership Agreement (EPA) with the European Union, rendering the EPA between the two parties ready for implementation.   The EPA provides for free access into the EU for all products from the countries concerned. In the Pacific region, […]

  • 8 June 2017

    Japanese LNG project developer Inpex said it has sold a 40.1 percent participating interest in Block PDL3 in Papua New Guinea to Kumul Petroleum.  The participating interest is held by Southern Highlands Petroleum in which Inpex holds a 10 percent share. Inpex acquired shares in the Production Block in 1990 through investing in Southern Highlands, and […]

  • 25 September 2017
    Business & Finance

    Philippine-based International Container Terminal Services, Inc. (ICTSI) has signed two 25-year agreements to operate the international ports in Motukea and Lae in Papua New Guinea (PNG). ICTSI said that the terminal operating agreements were signed by ICTSI’s PNG subsidiaries, Motukea International Terminal Limited (MITL) and South Pacific International Container Terminal Limited (SPICTL), with the PNG […]