InterOil Corporation Company News
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Exxon's South Pacific Gas Grab Derided By InterOil's Founder
Tuesday, July 26, 2016 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.
Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Tuesday, July 26, 2016 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.
Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil
Thursday, July 21, 2016 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.
Exxon to Buy Gas Explorer InterOil for Up to $3.6 Billion
Thursday, July 21, 2016 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.
Total Seen Unlikely to Fight Exxon Mobil Over South Pacific Gas
Wednesday, July 20, 2016 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.
Even The Losers May Win As Exxon Outbids Partner For PNG Gas
Tuesday, July 19, 2016 Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd.
Oil Search Says Exxon Makes 'Superior' Bid for PNG's InterOil
Monday, July 18, 2016 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.
Sources: Exxon Tops Oil Search's Bid For InterOil
Wednesday, July 13, 2016 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.
InterOil Says Protest Against Board Won't Impact Takeover Vote
Wednesday, June 15, 2016 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.
Repsol Continues Drilling at Strickland 2 Prospect in PNG's Highlands
Friday, June 03, 2016 Repsol continues drilling activities at Strickland 2 exploration well in Petroleum Retention License 269 in Papua New Guinea's Highlands.
Proxy Firm Backs Oil Search Takeover Of InterOil
Tuesday, May 31, 2016 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.
PNG Watchdog: Oil Search, InterOil Should Seek Approvals For Merger
Tuesday, May 24, 2016 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.
Oil Search Boost LNG Push In PNG With $2.2B InterOil Bid
Friday, May 20, 2016 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.
InterOil Board Asks Shareholders To Reject Founder's Nominees
Tuesday, May 17, 2016 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.
InterOil Asks Shareholders to Reject Founder's Board Nominees
Tuesday, May 17, 2016 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.
Planned Papua LNG Project May Create 10,000 Construction Jobs in 2018
Monday, May 16, 2016 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.
InterOil Shareholders Nominate 5 Independent Directors To Board
Friday, May 13, 2016 InterOil Corp's former chief executive, Phil Mulacek, and other shareholders nominated five independent directors to the company's board.
Papua New Guinea LNG Projects See Opportunity In Tough Market
Tuesday, April 19, 2016 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.
Total Continues Drilling at Antelope-6 Well in PNG's Gulf Province
Monday, February 01, 2016 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.
InterOil Commences Test Flow at Antelope-5 Well in PNG's Gulf Province
Friday, January 22, 2016 InterOil commences flow test at Antelope-5 well in Petroleum Retention License 5 in the Gulf Province of Papua New Guinea.
Total Spuds Antelope-6 Appraisal Well in PRL 15 in Papua New Guinea
Monday, December 28, 2015 Total spuds the Antelope-6 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
InterOil Reports Positive Drilling Results at Antelope 4ST1 in PNG's PRL 15
Thursday, November 19, 2015 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.
Oil Search Updates on Drilling at Antelope 4ST1 Well in PNG's PRL 15
Thursday, November 05, 2015 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.
InterOil Assigns Rig for the Elk-Antelope Appraisal Program in PNG
Tuesday, October 20, 2015 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.
InterOil Conducts Successful Flow Test at Triceratops-3 Well in PNG
Monday, September 21, 2015 InterOil says the Triceratops-3 appraisal well in Petroleum Retention License 39 in Papua New Guinea successfully flowed gas and condensate.
Total Commences Drilling at Antelope-4 Sidetrack Well in PNG's PRL 15
Tuesday, September 01, 2015 Total commences drilling of a side-track well at the Antelope-4 site in PRL 15 in Papua New Guinea.
InterOil Awards PNG Field Connectivity Contract to Speedcast
Wednesday, August 26, 2015 InterOil awards a satellite communications and network services contract for its operations in Papua New Guinea's Gulf province to Speedcast.
InterOil Completes Wahoo-1 Sidetrack Ops in PPL 474 in PNG
Thursday, August 13, 2015 InterOil to plug and abandon the Wahoo-1 well in PPL 474 in Gulf Province, Papua New Guinea.
InterOil to Drill Antelope 4 Sidetrack Well in PNG's PRL 15 Soon
Tuesday, August 04, 2015 Oil Search reveals that InterOil will be drilling the Antelope 4 well in Petroleum Retention License 15 in Papua New Guinea soon.
Total Takes Over as Operator of PRL 15 in Papua New Guinea's Gulf Province
Monday, August 03, 2015 Total takes over as operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
PRL 15 JV Selects Key Infrastructure Sites for Elk-Antelope LNG Project
Friday, July 03, 2015 The PRL 15 Joint Venture selects key infrastructure sites for the Elk-Antelope gas field development in Papua New Guinea.
Empired Bags $11.6M IT Services Contract from PNG-Focused InterOil
Wednesday, June 17, 2015 Australia's Empired bags a $11.6 million information technology services contract from Papua New Guinea-focused InterOil.
InterOil Resumes Drilling at Wahoo-1 Well in PPL 474 in PNG's Gulf Province
Thursday, June 11, 2015 InterOil resumes drilling at Wahoo-1 well in Petroleum Prospecting License 474 in Gulf Province, Papua New Guinea.
InterOil Commences Flow Testing at PNG's Elk-Antelope Gas Field
Tuesday, April 28, 2015 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.
Total to Take Over as Operator of Papua New Guinea's PRL 15 JV
Monday, March 02, 2015 Total will take over as operator of petroleum retention license 15 in the Gulf Province, Papua New Guinea.
InterOil Updates on Antelope-5 Appraisal Well Drilling in PRL 15 in PNG
Tuesday, February 17, 2015 InterOil updates on drilling at Antelope-5 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.
ICC Arbitration Panel Declares Total a Party to PRL 15 JVOA in PNG
Wednesday, February 11, 2015 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.
CGG Bags Contracts from InterOil for Geophyiscal Survey Projects in PNG
Wednesday, January 14, 2015 CGG bags contracts from InterOil for geophysical survey projects in Papua New Guinea.
InterOil Flares Gas, Condensate at Raptor-1 Well in Permit PPL 475 in PNG
Friday, November 07, 2014 InterOil flares gas and condensate at Raptor-1 exploration well in permit PPL 475 in Papua New Guinea.
InterOil Provides Update on Raptor-1, Bobcat-1 Exploration Drilling in PNG
Thursday, October 23, 2014 InterOil provides update on exploration drilling program at permits PPL 475 and PPL 476 in Papua New Guinea.
InterOil Updates on Drilling Program in PPLs 475, 476 in Papua New Guinea
Thursday, October 02, 2014 InterOil provides an update on its current drilling program in permits PPL 475 and PPL 476 in Papua New Guinea.
Energy Minister: PNG Wants Total To Develop Disputed Gas Field
Thursday, September 25, 2014 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.
Development Drilling at PNG LNG Project's Hides Gas Field Nears Completion
Friday, September 19, 2014 ExxonMobil says development drilling at Hides gas field in the Papua New Guinea liquefied natural gas project nears completion.
InterOil Spuds Antelope-4 Appraisal Well in PRL 15 in Papua New Guinea
Wednesday, September 17, 2014 InterOil spuds Antelope-4 appraisal well in the Elk-Antelope field in petroleum retention license 15 in Papua New Guinea.
InterOil Suspends Wahoo-1 Drilling in PNG's PPL474 on Safety Concerns
Tuesday, July 15, 2014 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.
InterOil to Sell Refining Arm, Focus on PNG Gas Hunt
Monday, June 30, 2014 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.
High Arctic Signs Drilling Services Contract with InterOil for Work in PNG
Thursday, April 10, 2014 High Arctic Energy Services signs a 2-year drilling services contract with InterOil for work in Papua New Guinea.
Oil Search Fights Sale Of PNG Gas Field Stake To France's Total
Friday, March 28, 2014 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.
InterOil Drills Ahead at PNG Raptor Site
Friday, March 28, 2014 InterOil begins drilling at the Raptor-1 site, as part of its oil and gas exploration campaign in Papua New Guinea.
InterOil Spuds Bobcat-1 Well in PPL238 in Gulf Province of PNG
Thursday, March 06, 2014 InterOil spuds Bobcat-1 exploration well in Petroleum Prospecting License 238 in the Gulf Province of Papua New Guinea.