Central & SE Asia / Australasia
Country summary: Papua New Guinea
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Papua New Guinea - recent news
|27 Oct 20
||PNG: Horizon Oil announces sale of PNG assets
Horizon Oil has agreed to sell all of the shares in its wholly owned subsidiary Horizon Oil (PNG Holdings) to Arran Energy Investments, resulting in the transfer of its entire asset portfolio in Papua New Guinea. On completion of the transaction, Horizon will cease to have any operations in PNG.
|20 May 20
||PNG: Twinza commences gas agreement discussions with PNG government ahead of FEED entry for the Pasca A development
Twinza has welcomed the announcement by the PNG government that it has endorsed the submission for development of the Pasca A gas-condensate field in the Gulf of Papua. The Government is ready to commence negotiations with Twinza on the Gas Agreement in the near term, setting out the fiscal terms to allow the Project to enter the FEED phase later this year.
|04 May 20
||PNG: PGS completes 3D survey offshore PNG and releases first data
The acquisition phase of the PGS Painimaut 3D MultiClient program, gathering over 6 100 sq km of seismic data in Papua New Guinea, is now complete. Fast-track 3D GeoStreamer data is now available.
|04 Feb 20
||PNG: PGS to acquire Painimaut 3D MultiClient program in Papua New Guinea
PGS will commence the Painimaut 3D MultiClient program in Papua New Guinea ('PNG') in early February. Ramform Hyperion will acquire the survey, which will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.
|03 Feb 20
||PNG: Papua New Guinea scraps talks with Exxon on P'nyang gas project
Papua New Guinea has called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a $13 billion plan to double the country’s gas exports by 2024.
Papua New Guinea - more news