HOME ABOUT US ADVERTISE PREMIUM SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Thursday 9 September 2010 Make PNN my HomePage    PNG STORIES [ 729 Results - Showing Results 1 to 30 ] Clough JV tops up PNG LNG work (Friday, 3 September 2010) THE CLOUGH Curtain joint venture has received $250 million worth of firm work orders associated with the upstream infrastructure contract for the PNG LNG project. Full Story... Horizon brightening (Tuesday, 31 August 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... BAM Clough lands $A287M PNG LNG job (Tuesday, 31 August 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 (Tuesday, 24 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 (Tuesday, 24 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 (Wednesday, 18 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... Talisman builds up PNG portfolio (Tuesday, 10 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... BAM Clough JV secures work in PNG (Tuesday, 10 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... Interoil, Mitsui firm up relationship for condensate facility (Thursday, 5 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 (Monday, 2 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 (Wednesday, 28 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... NGE lines up $25M facility (Wednesday, 28 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... China LNG demand driving Pacific growth (Tuesday, 27 July 2010) CHINA’S demand for liquefied natural gas is now forecast to be 46 million tonnes per annum in 2020, according to Wood Mackenzie, which previously forecast 31MMtpa. Full Story... Oil disappointment at Panakawa (Monday, 26 July 2010) NEW Guinea Energy has failed to find oil shows at its Panakawa-1 exploration well in Papua New Guinea’s Western province. 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... PNG seeks Australia’s help to manage LNG revenue (Wednesday, 30 June 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... NGE spuds first PNG well (Monday, 28 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... 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 (Wednesday, 23 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... Petroleum Briefs (Friday, 11 June 2010) IN today’s briefs: Central hits more coal in Pedirka; Buru making headway with Fairwell-1; NGE close to spudding Panakawa-1; Golden debt free. Full Story... Oil Search gets wet (Thursday, 3 June 2010) OIL Search will plug and abandon the Korka-1 well in PPL260, Papua New Guinea, after pressure tests and fluid samples confirmed the presence of residual hydrocarbons and water in the primary target. Full Story... NGE to spud Panakawa-1, eyes other targets (Monday, 31 May 2010) NEW Guinea Energy is excited about the potential of its upcoming Panakawa-1 well in Papua New Guinea’s Western Province and has other prospects lined up in PPL 267. Full Story... Oil Search sees gas in Korka-1 (Friday, 28 May 2010) OIL Search is preparing to evaluate the Korka-1 well in PPL 260, Papua New Guinea, after preliminary log interpretation indicated the presence of hydrocarbons in the target Toro sandstone. Full Story... InterOil gets first payment for FEED work (Wednesday, 26 May 2010) INTEROIL has received its first payment of $US2.2 million from Japan’s Mitsui to fund the front-end engineering and design work for the proposed condensate-stripping facility at the Elk and Antelope fields in Gulf Province, Papua New Guinea. Full Story... InterOil, Mitsui start FEED on condensate facility (Tuesday, 4 May 2010) INTEROIL and Japan’s Mitsui & Co have started front-end engineering and design work for a proposed condensate stripping facility at InterOil’s Elk and Antelope fields in Gulf Province, Papua New Guinea. Full Story... Oil Search revenue down (Wednesday, 28 April 2010) OIL Search has posted a 33% drop in revenue to $US133.9 million ($A144.8 million) for the quarter ending March 31, 2010, compared to the previous quarter. Full Story... PNG LNG to fuel Oil Search growth (Monday, 26 April 2010) OIL Search expects to funnel a large part of its share of earnings from the PNG LNG liquefied natural gas project in Papua New Guinea into growth opportunities. Full Story... InterOil, LNG Energy form alliance (Wednesday, 21 April 2010) INTEROIL will shoot 27 kilometres of 2D seismic over a Papua New Guinea exploration permit held by Canada’s LNG Energy. Full Story... NGE to drill Panakawa (Wednesday, 21 April 2010) NEW Guinea Energy will drill its Panakawa prospect in Papua New Guinea in the second quarter of 2010, the company’s structural geologist Dan Kendrick told the Excellence in Oil and Gas conference in Sydney. Full Story... Cue receives strong interest for Carnarvon permit (Tuesday, 20 April 2010) CUE Energy is evaluating significant offers from international companies to farm-in to WA-389-P in the Carnarvon Basin which has the potential to contain multiple trillion cubic feet of gas in Triassic reservoirs. Full Story... 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