CNOOC, PetroChina eyes stake in InterOil’s gas project -report HONG KONG, June 29 (Reuters) - China National Offshore Oil Corp. (CNOOC) and PetroChina are planning bids for a stake in Canadian oil firm InterOil Corp’s natural gas project that could be worth up to $500 million, a newspaper reported on Monday. The South China Morning Post, citing [...]
Friday, June 12, 2009
Exxon’s PNG LNG Can Support Third Train, UBS Says (Update1) By Ben Sharples June 11 (Bloomberg) – Exxon Mobil Corp.’s $12.5 billion liquefied natural gas venture in Papua New Guinea has enough resources to support a third production unit that could come on stream by 2017, UBS AG said. Spending on the initial phase of the project will make [...]
Tuesday, June 9, 2009
Papua New Guinea signs deal for LNG project 04-JUN-2009 Intellasia Gasworld.com, 4 Jun, 2009 - 7:00:00 AM The government of Papua New Guinea has signed a benefits-sharing agreement with landowners, concerning the ExxonMobil Corp.-led Papua New Guinea LNG (PNG LNG) project. The agreement is worth around $9.5m (Australian Dollar), over the life of the project and gives provincial governments [...]
Tuesday, June 9, 2009
Exxon Awards Service Contracts for PNG LNG Project (Update2) By Dinakar Sethuraman June 4 (Bloomberg) – Exxon Mobil Corp. has awarded early works and services contracts for its $12.5 billion liquefied natural gas project in Papua New Guinea in the latest signal that the venture partners will approve its construction. Clough Ltd.’s 65 percent-owned venture was asked to build [...]
Monday, May 25, 2009
Sinopec in Talks to Buy LNG From Exxon PNG Venture (Update2) By Eugene Tang and Dinakar Sethuraman May 22 (Bloomberg) – China Petroleum & Chemical Corp., the nation’s second-biggest oil company, is in talks to buy liquefied natural gas from Exxon Mobil Corp.’s $12.5 billion venture in Papua New Guinea, said President Wang Tianpu. Sinopec, as the fuel supplier is known, [...]
Wednesday, July 1, 2009
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