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Exxon's South Pacific Gas Grab Derided By InterOil's Founder
InterOil's founder and third-largest investor says ExxonMobil's $3.6 billion offer for the South Pacific natural gas driller is "vastly inadequate" and he urged ExxonMobil to sweeten the offer.
8:00 PM EST | July 25, 2016
Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.
8:00 PM EST | July 25, 2016
Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil
Oil Search declines to submit a counteroffer for Papua New Guinea-focused gas explorer InterOil, leaving Exxon Mobil Corp. to wait and see if Total will challenge its bid alone.
8:00 PM EST | July 20, 2016
Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion
Exxon Mobil agrees to buy natural gas explorer InterOil for as much as $3.6 billion to acquire discoveries in Papua New Guinea that will feed the buyer's existing gas-export plant.
8:00 PM EST | July 20, 2016
Total Seen Unlikely to Fight Exxon Mobil Over South Pacific Gas
Total SA is unlikely to challenge ExxonMobil in a bidding war for explorer InterOil Corp, the French firm's partner in a gas field in Papua New Guinea, analysts said on Wednesday.
8:00 PM EST | July 19, 2016
Even The Losers May Win As Exxon Outbids Partner For PNG Gas
Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd.
8:00 PM EST | July 18, 2016
Oil Search Says Exxon Makes 'Superior' Bid for PNG's InterOil
ExxonMobil offers superior bid for InterOil, according to Oil Search, 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.
8:00 PM EST | July 17, 2016
Sources: Exxon Tops Oil Search's Bid For InterOil
ExxonMobil tables an offer to buy InterOil topping the $2.2 billion deal from Australia's Oil Search, according to people familiar with the matter.
8:00 PM EST | July 12, 2016
InterOil Says Protest Against Board Won't Impact Takeover Vote
Takeover target InterOil Corp says a protest vote against its directors at a shareholders' meeting will have no bearing on an upcoming vote on a $2.2 billion bid for it by Australia's Oil Search.
8:00 PM EST | June 14, 2016
Repsol Continues Drilling at Strickland 2 Prospect in PNG's Highlands
Repsol continues drilling activities at Strickland 2 exploration well in Petroleum Retention License 269 in Papua New Guinea's Highlands.
8:00 PM EST | June 02, 2016
Proxy Firm Backs Oil Search Takeover Of InterOil
A major proxy advisor has backed a $2.2 billion takeover of InterOil by Australia's Oil Search, and recommended InterOil shareholders reject an attempt by the firm's founder to oust the board at a meeting on June 14.
8:00 PM EST | May 30, 2016
PNG Watchdog: Oil Search, InterOil Should Seek Approvals For Merger
Papua New Guinea may challenge the $2.2 billion merger between Oil Search and InterOil if they fail to comply with anti-competition procedures, the country's corporate watchdog says.
8:00 PM EST | May 23, 2016
Oil Search Boost LNG Push In PNG With $2.2B InterOil Bid
Australia's Oil Search agrees a $2.2 billion deal to acquire InterOil in a move that could pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea.
8:00 PM EST | May 19, 2016
InterOil Board Asks Shareholders To Reject Founder's Nominees
Oil and gas producer InterOil Corp's board urges shareholders to reject nominations made by founder and former Chief Executive Phil Mulacek as they are "not in the best interests" of the investors.
8:00 PM EST | May 16, 2016
InterOil Asks Shareholders to Reject Founder's Board Nominees
InterOil Corp urged shareholders to reject board nominations made by founder and former Chief Executive Phil Mulacek, saying they were "not in the best interests" of investors.
8:00 PM EST | May 16, 2016
Planned Papua LNG Project May Create 10,000 Construction Jobs in 2018
Total is progressing work on the Papua LNG Project in PRL 15 in Papua New Guinea and construction is expected to commence in 2018, creating up to 10,000 jobs.
8:00 PM EST | May 15, 2016
InterOil Shareholders Nominate 5 Independent Directors To Board
InterOil Corp's former chief executive, Phil Mulacek, and other shareholders nominated five independent directors to the company's board.
8:00 PM EST | May 12, 2016
Papua New Guinea LNG Projects See Opportunity In Tough Market
As LNG producers despair over a supply glut, two projects in Papua New Guinea are pressing on in a bid to sign off on new developments by 2018.
8:00 PM EST | April 18, 2016
Total Continues Drilling at Antelope-6 Well in PNG's Gulf Province
Total provides an update on drilling at the Antelope-6 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
7:00 PM EST | January 31, 2016
InterOil Commences Test Flow at Antelope-5 Well in PNG's Gulf Province
InterOil commences flow test at Antelope-5 well in Petroleum Retention License 5 in the Gulf Province of Papua New Guinea.
7:00 PM EST | January 21, 2016
Total Spuds Antelope-6 Appraisal Well in PRL 15 in Papua New Guinea
Total spuds the Antelope-6 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
7:00 PM EST | December 27, 2015
InterOil Reports Positive Drilling Results at Antelope 4ST1 in PNG's PRL 15
InterOil reports that wireline logging from the Antelope-4 sidetrack-1 well in Petroleum Retention License 15 in Papua New Guinea confirms a high quality gas reservoir.
7:00 PM EST | November 18, 2015
Oil Search Updates on Drilling at Antelope 4ST1 Well in PNG's PRL 15
Oil Search updates on drilling at the Antelope 4ST1 well in Papua New Guinea's PRL 15, with the partners planning to proceed with a data acquisition program.
7:00 PM EST | November 04, 2015
InterOil Assigns Rig for the Elk-Antelope Appraisal Program in PNG
InterOil assigns rig to drill the Antelope-6 well in Papua New Guinea later this year as the PRL 15 Joint Venture seeks to complete the Elk-Antelope appraisal program.
8:00 PM EST | October 19, 2015
InterOil Conducts Successful Flow Test at Triceratops-3 Well in PNG
InterOil says the Triceratops-3 appraisal well in Petroleum Retention License 39 in Papua New Guinea successfully flowed gas and condensate.
8:00 PM EST | September 20, 2015
Total Commences Drilling at Antelope-4 Sidetrack Well in PNG's PRL 15
Total commences drilling of a side-track well at the Antelope-4 site in PRL 15 in Papua New Guinea.
8:00 PM EST | August 31, 2015
InterOil Awards PNG Field Connectivity Contract to Speedcast
InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.
8:00 PM EST | August 25, 2015
InterOil Completes Wahoo-1 Sidetrack Ops in PPL 474 in PNG
InterOil to plug and abandon the Wahoo-1 well in PPL 474 in Gulf Province, Papua New Guinea.
8:00 PM EST | August 12, 2015
InterOil to Drill Antelope 4 Sidetrack Well in PNG's PRL 15 Soon
Oil Search reveals that InterOil will be drilling the Antelope 4 well in Petroleum Retention License 15 in Papua New Guinea soon.
8:00 PM EST | August 03, 2015
Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
8:00 PM EST | August 02, 2015
PRL 15 JV Selects Key Infrastructure Sites for Elk-Antelope LNG Project
The PRL 15 Joint Venture selects key infrastructure sites for the Elk-Antelope gas field development in Papua New Guinea.
8:00 PM EST | July 02, 2015
Empired Bags $11.6M IT Services Contract from PNG-Focused InterOil
Australia's Empired bags a $11.6 million information technology services contract from Papua New Guinea-focused InterOil.
8:00 PM EST | June 16, 2015
InterOil Resumes Drilling at Wahoo-1 Well in PPL 474 in PNG's Gulf Province
InterOil resumes drilling at Wahoo-1 well in Petroleum Prospecting License 474 in Gulf Province, Papua New Guinea.
8:00 PM EST | June 10, 2015
InterOil Commences Flow Testing at PNG's Elk-Antelope Gas Field
InterOil commences flow testing at the Elk-Antelope gas field in Papua New Guinea as project partners hope to select a preferred development concept by mid-year.
8:00 PM EST | April 27, 2015
Total to Take Over as Operator of Papua New Guinea's PRL 15 JV
Total will take over as operator of petroleum retention license 15 in the Gulf Province, Papua New Guinea.
7:00 PM EST | March 01, 2015
InterOil Updates on Antelope-5 Appraisal Well Drilling in PRL 15 in PNG
InterOil updates on drilling at Antelope-5 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
7:00 PM EST | February 16, 2015
ICC Arbitration Panel Declares Total a Party to PRL 15 JVOA in PNG
The International Chamber of Commerce arbitration panel declares Total a party to the Petroleum Retention License 15 Joint Venture Operating Agreement in Papua New Guinea.
7:00 PM EST | February 10, 2015
CGG Bags Contracts from InterOil for Geophyiscal Survey Projects in PNG
CGG bags contracts from InterOil for geophysical survey projects in Papua New Guinea.
7:00 PM EST | January 13, 2015
InterOil Flares Gas, Condensate at Raptor-1 Well in Permit PPL 475 in PNG
InterOil flares gas and condensate at Raptor-1 exploration well in permit PPL 475 in Papua New Guinea.
7:00 PM EST | November 06, 2014
InterOil Provides Update on Raptor-1, Bobcat-1 Exploration Drilling in PNG
InterOil provides update on exploration drilling program at permits PPL 475 and PPL 476 in Papua New Guinea.
8:00 PM EST | October 22, 2014
InterOil Updates on Drilling Program in PPLs 475, 476 in Papua New Guinea
InterOil provides an update on its current drilling program in permits PPL 475 and PPL 476 in Papua New Guinea.
8:00 PM EST | October 01, 2014
Energy Minister: PNG Wants Total To Develop Disputed Gas Field
Papua New Guinea wants Total to lead construction of a new LNG export project drawing gas from a disputed field, the country's energy minister says.
8:00 PM EST | September 24, 2014
Development Drilling at PNG LNG Project's Hides Gas Field Nears Completion
ExxonMobil says development drilling at Hides gas field in the Papua New Guinea liquefied natural gas project nears completion.
8:00 PM EST | September 18, 2014
InterOil Spuds Antelope-4 Appraisal Well in PRL 15 in Papua New Guinea
InterOil spuds Antelope-4 appraisal well in the Elk-Antelope field in petroleum retention license 15 in Papua New Guinea.
8:00 PM EST | September 16, 2014
InterOil Suspends Wahoo-1 Drilling in PNG's PPL474 on Safety Concerns
InterOil suspends drilling at Wahoo-1 exploration well in PPL474 in Papua New Guinea as higher-than-expected pressures at the well could compromise rig safety.
8:00 PM EST | July 14, 2014
InterOil to Sell Refining Arm, Focus on PNG Gas Hunt
InterOil Corp agrees to sell its Papua New Guinea oil refinery and petroleum products distribution business to Singapore-based Puma Energy Group for $526 million to focus on gas exploration.
8:00 PM EST | June 29, 2014
High Arctic Signs Drilling Services Contract with InterOil for Work in PNG
High Arctic Energy Services signs a 2-year drilling services contract with InterOil for work in Papua New Guinea.
8:00 PM EST | April 09, 2014
Oil Search Fights Sale Of PNG Gas Field Stake To France's Total
Oil Search issues a notice of dispute to an InterOil entity pursuant to the Elk/Antelope PRL 15 joint venture agreement in Papua New Guinea.
8:00 PM EST | March 27, 2014
InterOil Drills Ahead at PNG Raptor Site
InterOil begins drilling at the Raptor-1 site, as part of its oil and gas exploration campaign in Papua New Guinea.
8:00 PM EST | March 27, 2014
InterOil Spuds Bobcat-1 Well in PPL238 in Gulf Province of PNG
InterOil spuds Bobcat-1 exploration well in Petroleum Prospecting License 238 in the Gulf Province of Papua New Guinea.
7:00 PM EST | March 05, 2014