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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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Total, Oil Search bow out
NEWS
Papua New Guinea - July 21, 2016

Total on Thursday bowed out of the race to acquire Papua New Guinea-based InterOil, clearing the way for rivals ExxonMobil to take over the company and strengthen its…

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Exxon gets on InterOil bandwagon
NEWS
Papua New Guinea - July 18, 2016

ExxonMobil on Monday officially announced it had bid for InterOil in an effort to bolster its LNG operations in Papua New Guinea. The US major made a “superior…

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Santos opens second train on GLNG
NEWS
Australia - May 26, 2016

The second train on Gladstone LNG (GLNG) has begun operations on Curtis Island in eastern Australia, exploration and production company Santos confirmed today.

The…

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Papua LNG prospects get boost
NEWS
Papua New Guinea - May 20, 2016

Oil Search on Friday finalised the USD 2.2-billion acquisition of local independent InterOil Corporation. The deal is expected to streamline LNG operations in Papua New…

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Oil Search revenue falls 10% in Q4
NEWS
Papua New Guinea - January 27, 2016

Oil Search marked a 10% drop in revenue in Q4, Papua New Guinea’s largest upstream oil and gas company announced today.

The exploration company’s Q4 revenue was…

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Searcher initiates new Gulf of Papua survey
NEWS
Papua New Guinea - November 03, 2015

Australia’s Searcher Seismic has launched a new 2D-seismic survey offshore Papua New Guinea, the company announced on Tuesday. The Haere survey is being conducted in…

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Woodside revenue drops 45 percent in Q3
NEWS
Australia - October 15, 2015

Woodside Petroleum has reported a 45-percent drop in third-quarter revenue.

The company, Australia’s largest upstream operator, attributed to losses to the fall in…

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Interoil’s Triceratops flow test a success
NEWS
Papua New Guinea - September 18, 2015

Singaporean operator Interoil’s onshore appraisal well Triceratops-3 has delivered strong flow test results, at 484,272 cubic metres (17.1 mcf) of gas per day and an…

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Woodside bid for Oil Search rejected
NEWS
Papua New Guinea - September 14, 2015

Oil Search, Papua New Guinea’s largest exploration and production company, has rejected Woodside Petroleum’s AUD11.6-billion ($8.1-billion) offer for…

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