MelanesiaPapua New Guinea - ExxonMobil has strongly denied reports that it will not pay income tax on earnings from the giant PNG LNG liquefied natural gas project under recent changes to Papua New Guinea’s tax law.
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Total plans USD 2bn Mahakam spend
Indonesia. French giant Total's Indonesian unit is set to spend $2 billion on the Mahakam Block, in East Kalimantan, an official from energy watchdog BPMigas said today.
First Drill Stem Test and Reservoir Cores From the Antelope-2 Appraisal Well Confirms Extent of Reef
HOUSTON, and CAIRNS Australia, -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC), today announced that drill stem test (DST) #1 in the Antelope-2 well in Papua New Guinea, tested natural gas and condensate at a rate of 14.1 million cubic feet of gas per day with 16.5 barrels of condensate per million cubic feet. The test was conducted in the open hole interval from 6,011 feet (1,832 meters) to 6,175 feet (1,882 meters) through a 35/64 inch choke with flowing tubing pressure of 2,070 pounds per square inch.
Papua New Guinea to sell LNG to Asian buyers
PAPUA NEW GUINEA - Japan’s Tokyo Electric Power and Osaka Gas Company are among three Asian customers signed by ExxonMobil to buy liquefied natural gas from its $12.5 billion project in Papua New Guinea.
CNOOC joins InterOil in LNG project in Papua New Guinea
CHINA - China National Offshore Oil Corp, CNOOC, has agreed to work with InterOil Corp on a proposed liquefied natural gas project in Papua New Guinea.
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