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Oil Search
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ExxonMobil to Acquire InterOil in Transaction Worth More Than $2.5 Billion
Sep 28, 2016ExxonMobil to pay $45 per share plus additional cash payment based on Elk-Antelope resource size Boards of directors of both companies unanimously approve terms of agreement Acquisition adds to ExxonMobil resources in successful ...
Tags: ExxonMobil, InterOil, transaction
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First Production From The Papua New Guinea LNG Project Is Now Expected in Q3
Feb 25, 2014First production from the Papua New Guinea LNG project is now expected in the third quarter of this year, Australian joint venture partner Santos said Friday as it reported its financial results for 2013. Santos holds 13.5% of the ...
Tags: LNG project, Mineral
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The Mananda 7 Well Was at a Depth of 1,921 Metres in a 121/4 " Hole
Jan 7, 2014Oil Search reports that as at 06:00 hours PNG time on 2 January, the Mananda 7 well was at a depth of 1,921 metres in a 121/4 " hole. Since the last drilling report released on 19 December 2013, drilling progress has been 860 metres. The ...
Tags: Oil Search, Mananda 7 well, drilling report, Taza 2 well
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Australian Share Market Has Outperformed Others in The Asian Region
Jul 30, 2013The Australian share market has outperformed others in the Asian region, as strength in the banking sector pushed it higher. Commonwealth Bank shares closed at a record high, and its three rivals also posted strong gains. That helped ...
Tags: share market
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Australian Stockmarket Opened Higher Following Gains on Wall Street
Jul 10, 2013THE Australian stockmarket opened higher following gains on Wall Street and European bourses as Alcoa kicked of the US earnings season. The aluminium producer posted a sharp Q2 loss of $US119 million ($130.989 million) citing ...
Tags: Metallurgy, Mineral, Energy
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China Credit Crunch Fears Sent The Stockmarket Tumbling Almost 1.5 Per Cent Lower
Jun 24, 2013China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
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Australian Shares Gained Ground as Investors Took a Cautiously Optimistic Stance
Jun 19, 2013Australian shares have gained ground as investors took a cautiously optimistic stance ahead of a keenly awaited update on economic stimulus measures in the US. The benchmark S&P/ASX200 index was up 47 points, or 0.98 per cent, at 4861.4. ...
Tags: Stocks, US Fed Meeting
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S&P/ASX200 Is Down 0.3 Per Cent as Resources Stocks Down on Commodity Weakness
Mar 5, 2013The S&P/ASX200 is down 0.3 per cent as resources stocks including BHP Billiton, Rio Tinto, Fortescue and Oil Search are down 1.2 per cent to 2.7 per cent on commodity weakness and with ex-dividend falls today worth about 11 index points. ...
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Sharemarket Closed Higher, with Investors Encouraged by Strength of Global Markets
Jan 30, 2013The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
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ExxonMobil's Papua New Guinea LNG Plant Is on Schedule to Start up and Ship Its First LNG
Jan 28, 2013ExxonMobil's Papua New Guinea LNG plant is on schedule to start up and ship its first LNG in 2014, Peter Botten, Managing Director of minority project shareholder Oil Search, said at a conference Thursday. The 6.9 million mt/year, ...
Tags: ExxonMobil, Oil Search, natural gas
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Australian Sharemarket Rose to a 20-Month High
Jan 18, 2013The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
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Sharemarket Climbed to a 19-Month High as Stronger Iron Ore Boosted Miners
Dec 29, 2012WITH just one trading day left this year, the sharemarket climbed to a 19-month high yesterday as stronger iron ore, copper and oil prices boosted miners, and investors bought shares in anticipation that US politicians can reach a deal to ...
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