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Papua New Guinea backs new Total LNG facility, Exxon PNG project expansion

Papua New Guinea is backing a new greenfield liquefied natural gas facility led by France’s Total SA, in addition to an expansion of the existing $19-billion Exxon Mobil Corp. PNG LNG project.

CGG completes Phase 1 processing for Davros multi-client survey in northern Carnarvon basin

CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the northern Carnarvon basin on the North West Shelf of Western Australia is available now.

Ichthys LNG project reaches milestone with startup of offshore power generators

The INPEX-led Ichthys LNG project has reached a key milestone with both its central processing facility (CPF) and FPSO facility safely starting up their main power generators in the South Korean shipyards where they are being constructed.

Bengal Energy announces discovery in Australia

Bengal Energy has announced that the first four wells of the Cuisinier 2016 five well drilling campaign have been cased as future oil producers in the Murta horizon.

Origin Energy’s new CEO to focus on cutting $6.8-billion debt

Frank Calabria, who was named Friday as Origin Energy Ltd.’s new CEO, said he’ll focus on paying down a A$9-billion ($6.8-billion) debt pile and consider more asset sales when he takes over from Grant King next month.

Emerson awarded contract for Shell’s Prelude FLNG facility

Shell Australia has chosen Emerson to provide automation maintenance and reliability services for Shell’s Prelude FLNG facility.

Woodside eyes LNG boost after $400-million gas deal with BHP

Woodside Petroleum may look to funnel gas from Scarborough field off Western Australia to one of its existing LNG plants after agreeing to a $400-million deal to buy half of BHP Billiton Ltd.’s stake in the remote offshore resource.

Exxon Mobil ignores near-term glut to play LNG long game

When it comes to natural gas, Exxon Mobil Corp. believes in playing the long game.

New partnership challenges coal seam gas water reduction methods

Zilift, a developer of permanent magnet technologies for artificial lift applications, has signed an agreement with Auscoil, an oilfield services solutions provider for the Australian Coal Seam Gas (CSG) industry.

Oil Search says second PNG greenfield project may not proceed

Oil Search Ltd. said development of a second standalone LNG export terminal in Papua New Guinea is unlikely with Exxon Mobil Corp. and Total SA expected to favor cooperation to expand the existing PNG LNG project.

Woodside sees lower LNG prices as buyers push contract changes

Woodside Petroleum Ltd. expects lower LNG prices as it renegotiates short-term contracts and says buyers across Asia will increasingly resist deals that restrict the reselling of the super-cooled fuel.

Cooper Energy recommences drilling with Callawonga-12 in South Australia

Cooper Energy Limited has announced the recommencement of drilling by the PEL 92 joint venture with the spudding of Callawonga-12, an oil development and appraisal well located in PPL 220 on the western flank of the Cooper basin, South Australia.

Australia LNG export boom nips Santos amid gas pinch at home

After spending billions of dollars constructing a world-class LNG export project in Australia, Santos Ltd. has found itself short of gas.

Gas glut upends global trade flows as buyers find leverage

The market for LNG is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power.

Santos flags $1-billion Gladstone LNG charge on gas supply

Santos Ltd. will take a $1.05-billion writedown on the value of its Gladstone LNG project due to rising prices for third-party natural gas supplies and slower than expected ramp up of its own equity output.

Technip wins subsea contract for Woodside’s Greater Enfield development

Technip has been awarded a large subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia.

Exxon Mobil’s South Pacific gas grab derided by InterOil’s founder

InterOil Corp.’s founder and third-largest investor said Exxon Mobil Corp.’s $3.6-billion offer for the South Pacific natural gas driller is “vastly inadequate” and he urged Exxon to sweeten the offer.

Exxon Mobil to buy gas explorer InterOil for up to $3.6 billion

Exxon Mobil Corp. agreed to buy natural gas explorer InterOil Corp. for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer’s existing gas-export plant.

Exxon Mobil grabs reins in InterOil hunt as rivals bow out of deal

Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5-billion bid for gas explorer InterOil Corp.

Oil Search says Exxon makes ‘superior’ InterOil bid

Exxon Mobil Corp. has offered a superior bid for InterOil Corp., according to Oil Search Ltd., which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.