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Papua New Guinea Overview

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Alaska’s Pikka development starts continuous production
NEWS
USA - June 24, 2026

Santos and Repsol have started continuous production at the Pikka development in Alaska, targeting plateau output of 80,000 bopd…

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Newmont approved for Canada copper and gold project
NEWS
Canada - June 22, 2026

Newmont has secured approvals for the expansion of the Red Chris gold and copper mine in British Columbia.

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Unlocking untapped value in Nigeria’s onshore _-Ado-OSERAGBAJE
Interview
Nigeria - March 16, 2026

Ado Oseragbaje of Heritage Oil talks about unlocking oil and gas value in Nigeria’s onshore.

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Harmony Gold acquires Australia’s Mac Copper for $1 billion
NEWS
Australia - May 27, 2025

Harmony Gold will diversify into copper by acquiring Australian miner Mac Copper for USD 1.03 billion.

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DeepOcean expands global subsea footprint with Shelf Subsea acquisition
NEWS
Multinational - May 23, 2025

DeepOcean has expanded into Asia-Pacific and Middle East regions with Shelf Subsea buyout.

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ADNOC eyeing acquisition of gas player Santos: report
NEWS
Australia - July 04, 2024

Abu Dhabi's ADNOC is eyeing a bid to acquire Australian gas player Santos.

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Santos sells stake in Papua New Guinea LNG facility
NEWS
Papua New Guinea - September 01, 2023

Santos has signed a binding sale agreement with Kumul Petroleum Holdings for the initial sale of 2.6% participating interest in the PNG LNG project, the Australian…

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Quake shuts down PNG operations
NEWS
Papua New Guinea - February 26, 2018

A 7.5-magnitude earthquake in Papua New Guinea on Monday has caused major destruction and panic, severely impacting the island nation’s oil and gas infrastructure,…

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Oil Search in PNG gas find
NEWS
Papua New Guinea - January 04, 2018

Oil Search has discovered gas in Papua New Guinea, the company announced on Thursday.

Analysis of the find, made in the P’nyang South 2 well in the PRL 3 licence,…

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PNG to sell Oil Search stake
NEWS
Papua New Guinea - September 21, 2017

Papua New Guinea is to sell its remaining stake in Oil Search in order to quash a USD 1-billion loan, international media reported on Thursday.

The PNG government…

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Baker Hughes wins extensive PNG contract
NEWS
Papua New Guinea - August 08, 2017

Australia’s Twinza has hired Baker Hughes to provide fullstream services for the development of the Pasca A gas and condensate field offshore Papua New Guinea, the…

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Oil Search grows PNG footprint
NEWS
Papua New Guinea - May 29, 2017

Oil Search is set to acquire stakes in ExxonMobil-held petroleum prospecting licences (PPLs) and a Petroleum Retention Licence (PRL) in Papua New Guinea, the company…

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Total hits tough layers in Papua
NEWS
Papua New Guinea - February 02, 2017

The French giant Total and its smaller partners Oil Search and InterOil have drilled a side track appraisal well in the Orubadi Formation in Papua New Guinea after…

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Exxon and partners strike in PNG
NEWS
Papua New Guinea - December 29, 2016

Oil Search and ExxonMobil late on Wednesday announced an onshore natural gas discovery in Papua New Guinea’s North Highland area.

Made on petroleum prospecting…

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Papua New Guinea in crosshairs: Exxon
NEWS
Papua New Guinea - December 05, 2016

Papua New Guinea said Monday it would seek better deals on ExxonMobil’s next gas development projects in the country, just as the US major announced it was exceeding…

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ExxonMobil, Oil Seach target PNG gas
NEWS
Papua New Guinea - November 07, 2016

Partners ExxonMobil and Oil Search on Monday announced they had spudded the Muruk-1 gas exploration well in the highlands of Papua New Guinea.

Using the High Arctic…

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