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Oil Search rejected unsolicited $6.5 billion bid from Santos Reuters 4 hrs ago By Sonali Paul and Nikhil Nainan © Reuters/DAVID GRAY FILE PHOTO: Locals walk along small beach where LNG carrier called Kumul is docked at marine facility of ExxonMobil PNG Limited operated LNG plant at Caution Bay, located on outskirts of Port Moresby By Sonali Paul and Nikhil Nainan MELBOURNE (Reuters) - Oil Search rejected an unsolicited scrip-based takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two comp...

Advertisement A meeting took place on 3 May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua LNG project. After a year of delay because of COVID-19, the Government of PNG and Total as Operator are pleased to announce the remobilisation of the project teams and of other required resources. The objective is to launch the FEED early 2022 and to prepare for final investment decision in 2023. This positive development f...

Total plans Papua LNG FID in 2023 May 6, 2021, by Sanja Pekic French major Total has revitalized its plans for the Papua LNG project, eyeing to launch the FEED in early 2022 and to reach the final investment decision in 2023. Courtesy of Oil Search Chairman and CEO of Total Patrick Pouyanné and a Delegation of Papua New Guinea (PNG) led by the deputy prime minister Samuel Basil attended the meeting on 3 May to review remobilization and the planning of the Papua LNG Project. The project was delayed for a year because of Covid-19. The objective ...

New urgency at Papua LNG as violence hits African project May 6, 2021 – 1.40pm Save Share Total’s Papua LNG project has gained a new sense of urgency as a project independent from the stalled expansion of PNG LNG following a high-level meeting in Paris between the CEO of the French major and a senior Papua New Guinea government delegation. The decision to “remobilise” the $16 billion Papua LNG venture, in which ASX-listed Oil Search has a stake, comes a week after Total was forced to suspend development of its $US20 billion ($25.8 billion) LNG project in Mozambique due to ...

Total and Papua New Guinea government remobilizing, planning Papua LNG project 5/6/2021 France-based oil company Total and the government of Papa New Guinea announced the remobilization of the Papua LNG project after a year of delay caused by the Covid-19 pandemic. Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil met May 3 with the objective to review together the next steps for the development of the Papua LNG project. Papua LNG project will target the production of the two...