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Last updated on April 17, 2014 at 21:23 EDT

Latest Liquid Niugini LNG Stories

2014-03-28 08:21:31

InterOil's Third Well This Month SINGAPORE and PORT MORESBY, Papua New Guinea, March 28, 2014 /PRNewswire/ -- InterOil today began drilling at the Raptor-1 site, as part of its US$300 million oil and gas exploration campaign in Papua New Guinea. This will be InterOil's third exploration well started in PNG since the beginning of March. Raptor is about 20km south-west of Wabo in the Gulf Province. The other two exploration wells begun this month are Bobcat-1, about 20km north of...

2014-03-28 04:21:18

SINGAPORE and PORT MORESBY, Papua New Guinea, March 28, 2014 /PRNewswire/ -- InterOil (NYSE: IOC; POMSoX: IOC) has received notification from Oil Search (ASX, POMSoX: OSH) of a dispute under the Joint Venture Operating Agreement relating to Petroleum Retention License 15 in Papua New Guinea. We will be responding in accordance with the terms of that agreement. Any proceedings commenced by Oil Search seeking to set aside the transaction completed with Total S.A. (Paris: FP, NYSE: TOT)...

2014-03-26 08:23:29

PORT MORESBY, Papua New Guinea and SINGAPORE, March 26, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) announced that it has completed the acquisition of an additional 1.0536% participating interest in Petroleum Retention License 15. The consideration for the interests was $41.53m, satisfied by the issue of common shares of InterOil. About InterOilInterOil Corporation is an independent oil and gas business with a primary focus on Papua New Guinea and the...

2014-03-25 20:20:57

PORT MORESBY, Papua New Guinea and SINGAPORE, March 25, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) announced that it will hold a conference call to discuss closing of the revised sale and purchase agreement with Total SA covering the Elk-Antelope gas field in Petroleum Retention License 15 in Papua New Guinea. The conference call will be held on Wednesday, March 26, 2014, at 7:30 a.m. Central (8:30 a.m. Eastern) to discuss the details of the transaction. The...

2014-03-25 20:20:53

- Revised sales and purchase agreement closes PORT MORESBY, Papua New Guinea and SINGAPORE, March 25, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) and Total SA (Paris: FP, NYSE: TOT) have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. Under the revised agreement signed today, Total has acquired - through the purchase of all shares in a wholly owned InterOil...

2014-03-10 08:23:39

Second of Up to Eight Wells in $300m Campaign PORT MORESBY, Papua New Guinea and SINGAPORE, March 10, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC; POMSoX:IOC) today announced it had started drilling the Wahoo-1 exploration well in Papua New Guinea following approval by the Papua New Guinea Department of Petroleum and Energy. Wahoo-1 is the second of four exploration wells InterOil plans to drill in the Gulf Province over the next 12-15 months. Additionally, InterOil will...

2014-02-27 08:25:02

Experience and Capacity to Deliver Gas More Quickly PORT MORESBY, Papua New Guinea and SINGAPORE, Feb. 27, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) ("InterOil") is pleased to welcome Oil Search Limited ("Oil Search") as a partner in the Elk-Antelope fields - the largest undeveloped gas resource in Papua New Guinea. Oil Search has agreed to acquire a 22.835% interest in PRL15 from Pacific LNG Group Companies for a consideration of US$900 million plus further...

2014-01-29 08:23:13

SINGAPORE, Jan. 29, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) today announced the relocation of core functions from its 100-person office in Cairns, Australia, to support expanding operations in Papua New Guinea ("PNG"). The Cairns office will close by the end of the year. The decision to increase capacity in PNG comes as InterOil is finalizing an agreement with Total S.A. of France (CAC: TOT; NYSE: TOT) to develop a multi-billion dollar LNG project in PNG....

2014-01-21 08:23:04

SINGAPORE, Jan. 21, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) today announced the appointment of Mr. Jon Ozturgut as Chief Operating Officer and Mr. Donald Spector as Chief Financial Officer, with immediate effect. Mr. Ozturgut, a senior executive with 27 years' international oil and gas experience with Atlantic Richfield Company (ARCO), CMS Oil and Gas Company, and Woodside Energy, replaces Mr. William J. Jasper III, who is retiring after seven years as...

2013-12-05 20:20:24

- Transformational transaction to monetise InterOil's Elk-Antelope fields PORT MORESBY, Papua New Guinea and HOUSTON, Dec. 5, 2013 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has agreed to sell to Total S.A. (CAC: TOT; NYSE: TOT) a gross 61.3% interest in Petroleum Retention License 15 ("PRL15") which contains the Elk-Antelope gas fields in the Gulf Province of Papua New Guinea, and has also granted Total an exclusive right to negotiate a farm-in to all its exploration...