HOME ABOUT US ADVERTISE SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Wednesday 8 September 2010 Make PNG my HomePage    OIL AND GAS STORIES [ 950 Results - Showing Results 1 to 30 ] Horizon brightening (Friday, 3 September 2010) FULL production from the offshore Taranaki Maari oil field and the sale of a half interest in PRL 4, Papua New Guinea, have allowed Horizon Oil to return to profit. Full Story... InterOil moves to settle lawsuit (Friday, 3 September 2010) INTEROIL has reached an agreement to settle all claims against it and its subsidiaries brought by a group of plaintiffs. Full Story... BAM Clough lands $A287M PNG LNG job (Friday, 3 September 2010) THE BAM Clough Joint Venture has been awarded a letter of intent to proceed with the design and construction of the liquefied natural gas and condensate offloading jetty for the PNG LNG project. Full Story... Exploration work to continue in PNG (Friday, 27 August 2010) OIL Search is planning to continue its exploration efforts in Papua New Guinea aimed at building gas reserves and its portfolio in the offshore Papuan Basin. Full Story... GE snaps up PNG LNG work (Friday, 27 August 2010) GE Oil & Gas has secured contracts to supply equipment and long-term service to the $US15 billion ($A16.8 billion) PNG LNG project. Full Story... InterOil profit down on exploration costs (Friday, 20 August 2010) INTEROIL has posted a net profit of $US7.8 million ($A8.65 million) for the quarter ended June 30, 2010, down $US1.8 million from the previous corresponding period. Full Story... InterOil secures $25M loan facility (Friday, 13 August 2010) INTEROIL has closed a $US25 million secured term loan bearing a 10% interest with Clarion Finanz. Full Story... BAM Clough JV secures work in PNG (Friday, 13 August 2010) THE BAM Clough joint venture has received a $10 million work order to design and construct a liquefied natural gas and condensate offloading jetty in Papua New Guinea. Full Story... Talisman builds up PNG portfolio (Friday, 13 August 2010) CANADA’S Talisman Energy has been revealed as the buyer of Cue Energy Resources and Mosaic Oil’s stakes in PRL8, Papua New Guinea. Full Story... Interoil, Mitsui firm up relationship for condensate facility (Friday, 6 August 2010) INTEROIL and Japan’s Mitsui & Co have signed a joint venture operating agreement for the proposed $US550 million ($A600 million) condensate stripping facility at Interoil’s Elk and Antelope fields in Gulf province, Papua New Guinea. Full Story... NGE plugs Panakawa-1 (Friday, 6 August 2010) NEW Guinea Energy’s Panakawa-1 well will be plugged and abandoned after the completion of logging and sampling activities. By Brooke Showers Full Story... Oil Search continues gas push (Friday, 30 July 2010) OIL Search is planning to drill the Flinders well in PPL 244, offshore Papua New Guinea, in 2011 after it completes analysis of 4720 square kilometres of 3D seismic recently shot in the Gulf of Papua. Full Story... AED seeks partner for Rombebai (Friday, 30 July 2010) AED Oil has begun a formal search for a farm-in partner for its Rombebai project in Indonesia. Full Story... NGE lines up $25M facility (Friday, 30 July 2010) NEW Guinea Energy has secured a $25 million funding facility that allows it to continue exploration and work program commitments in Papua New Guinea. Full Story... Nido, Kairiki to start Tindalo-1 workover (Friday, 23 July 2010) NIDO Petroleum and Kairiki Energy are moving to carry out a workover on the Tindalo-1 well in the offshore Palawan Basin, Philippines, to decrease or eliminate the watercut that represents 70-80% of current liquid production. Full Story... Tap’s Brunei drilling delayed (Friday, 23 July 2010) TAP Oil has pushed back the drilling of its first well in Block M, Brunei, until mid-August after some critical rig components were found to be defective. Full Story... AED hoping for Brunei blockbuster (Friday, 16 July 2010) AED Oil is hoping to repeat the success of its first exploration well in Block L, Brunei, with the spudding of the second well, Lempuyang-1, as part of its phase one exploration program. Full Story... Petromin deal to scope out FLNG (Friday, 16 July 2010) PAPUA New Guinea’s natural resources company Petromin has signed a development agreement with two foreign partners to investigate the prospects for a floating liquefied natural gas production vessel. Full Story... Prelude named in Shell offtake deal (Friday, 9 July 2010) SHELL’S Prelude floating liquefied natural gas project off Western Australia has taken a significant step forward after the company struck its first supply deal for the project. Full Story... InterOil firms up Antelope-2 condensate flow (Friday, 9 July 2010) INTEROIL has established stabilised condensate to gas ratios of about 20.4 barrels per million cubic feet of gas from its Antelope-2 horizontal well in Papua New Guinea, after running two separate drill stem tests. Full Story... Jatoil’s biofuel takes off (Friday, 9 July 2010) RENEWABLE energy company Jatoil’s coffers are expected to receive a boost after the company sold its first commercial quantity of crude jatropha oil several months earlier than expected. Full Story... PNG seeks Australia’s help to manage LNG revenue (Friday, 2 July 2010) THE Papua New Guinea and Australian governments will meet in Melbourne tomorrow to discuss the establishment of Sovereign Wealth Funds to help manage revenue flows from the PNG LNG liquefied natural gas project. Full Story... Court rules in favour of Oilex (Friday, 2 July 2010) THE International Court of Arbitration of the International Chamber of Commerce has ruled in favour of Oilex in its $US4.6 million ($A5.3 million) claim against PT Asiabumi Petroleo. Full Story... Peak sets eyes on Cadlao (Friday, 2 July 2010) ANOTHER Australian company is poised to have a go at the Cadlao oil field in the Palawan Basin, Philippines, after Strike Energy decided against a farm-in with field owner Blade Petroleum in March. Full Story... Mosaic offloads PNG subsidiary (Friday, 25 June 2010) AUSTRALIAN oil and gas producer Mosaic Oil has sold its wholly owned Papua New Guinea subsidiary, Mosaic Oil Niugini, to an undisclosed company for $US11 million in cash. Full Story... Antelope-2 flows more condensate (Friday, 25 June 2010) INTEROIL’S latest drill stem testing of its Antelope-2 horizontal well in Papua New Guinea has resulted in a higher condensate to gas ratio than observed at the top of the reservoir. Full Story... NGE spuds first PNG well (Friday, 25 June 2010) NEW Guinea Energy has spudded the Panakawa-1 exploration well in Papua New Guinea’s Western province, targeting 202 million barrels of oil. Full Story... NGE set to spud Panakawa (Friday, 11 June 2010) NEW Guinea Energy is gearing up to spud the Panakawa-1 well in PNG’s Western province after the contracted Australian Drilling Services Rig 6 arrived at the well site. Full Story... Tindalo flow beats expectations (Friday, 11 June 2010) NIDO Petroleum and Kairiki Energy are enjoying the fruits of their work after the Tindalo-1 well in the offshore Palawan Basin, Philippines, flowed at a rate of 18,689 barrels per day of oil during drill stem testing. Full Story... PNG LNG moves ahead (Friday, 4 June 2010) EXXONMOBIL has released its March quarter environmental and social report for the $US15 billion PNG LNG project, which is starting to move into the early stages of a four-year construction phase. Full Story... 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