Oil Search and ExxonMobil buy into gas licences in Gulf of Papua, Sir Mick Curtain, founder of Curtain Bros, dies, and trade disagreement with Fiji resolved. Your weekly digest of the latest business news.
Training of PNG’s LNG technicians steps up
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17 Aug 2016 by 13 Comments
In a bid to promote skills formation in Papua New Guinea’s LNG sector Kumul Petroleum Academy, trading as South Pacific Employment Institute (SPEI), has signed a K9 million technician development agreement with ExxonMobil PNG.
InterOil shareholders still to decide on takeover by ExxonMobil
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3 Aug 2016 by 1 Comment
The board of InterOil has accepted that the ExxonMobil bid is ‘superior’ to the bid by Oil Search. But the deal will not be completely finalised until a proposed shareholders’ meeting in September. And there are some legal obstacles that have to be dealt with.
The battle for InterOil: what’s in it for Papua New Guinea?
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20 Jul 2016 by Leave a Comment
Next week, the Papua New Guinea-focused gas explorer InterOil may well have a new owner, after its shareholders consider rival offers from Oil Search and ExxonMobil. Business Advantage PNG considers the implications for PNG’s second gas project, Papua LNG and the wider economy.
In brief: ExxonMobil reported to be second bidder for InterOil, and other business stories
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6 Jul 2016 by Leave a Comment
ExxonMobil reportedly behind rival bid to Oil Search for InterOil, claims Momis may sue Rio Tinto for Panguna damages and cruise liner tourism could see 5-fold growth by 2017. Your weekly digest of the latest business news.
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