Quantcast

Latest Liquid Niugini LNG Stories

2014-10-16 08:24:29

SINGAPORE and PORT MORESBY, Papua New Guinea, Oct. 16, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC, PoMSOX: IOC) announces that Dr Gaylen Byker has formally retired as Chairman and as director and has been replaced as Chairman by Chris Finlayson, effective immediately. The changes are in keeping with an announcement made by the company on August 10, 2014. Mr Finlayson paid tribute to Dr Byker who joined the InterOil board in 1997. "Gaylen has given a large part of his...

2014-09-30 08:24:21

SINGAPORE and PORT MORESBY, Papua New Guinea, Sept. 30, 2014 /PRNewswire/ -- InterOil Corporation (NYSE, POMSoX: IOC) today provided an update on its current exploration drilling program. RAPTOR-1, PPL 475 InterOil is preparing to set seven-inch casing in the Raptor-1 well in PPL 475 in the Gulf Province of Papua New Guinea. The casing point is slightly above the Kapau Limestone target zone, and is in line with the well program. At this stage, calcimetry, temperature and background...

2014-09-16 04:20:31

Appraisal of PRL15 now underway SINGAPORE and PORT MORESBY, Papua New Guinea, Sept. 16, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC) (POMSoX:IOC) has started drilling the Antelope-4 appraisal well in Petroleum Retention License 15 in Papua New Guinea. Antelope-4 is the first of at least two appraisal wells planned on the Antelope field. The well lies about 1km south of Antelope-2 and is the most southern well in the Elk-Antelope field. Antelope-5, the second appraisal...

2014-08-13 08:22:34

Focus on exploration and production SINGAPORE and PORT MORESBY, Papua New Guinea, Aug. 13, 2014 /PRNewswire/ -- -- Net profit for the quarter of $52.3 million -- Refinery and downstream businesses sold to Puma Energy -- $885 million available at June 30, 2014 -- Preparation well advanced for Antelope appraisal wells -- Chris Finlayson, ex-CEO of FTSE100 BG Group appointed Chairman-designate InterOil Corporation (NYSE:IOC; POMSoX:IOC) has announced another...

2014-08-10 00:20:24

Former BG Group CEO and Shell executive to continue company transformation to a world-class explorer and producer SINGAPORE and PORT MORESBY, Papua New Guinea, Aug. 10, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC) (POMSoX: IOC) has appointed former BG Group Chief Executive Officer and Shell executive Chris Finlayson as Chairman-designate. Mr Finlayson, 58, joins the board immediately, and will replace Dr Gaylen Byker, after an appropriate handover. InterOil is an...

2014-07-22 00:20:37

Current valuation creates long-term opportunity SINGAPORE and PORT MORESBY, Papau New Guinea, July 21, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) will buy up to US$50 million of its own Class A common shares within the next 12 months. The InterOil board has authorised the buy-back to be done periodically on the open market, based on the stock price and other market factors. InterOil's Chief Executive Officer, Dr Michael Hession, said the move made strategic...

2014-07-14 04:21:44

Well suspended due to higher-than-expected pressures SINGAPORE and PORT MORESBY, Papua New Guinea, July 14, 2014 /PRNewswire/ -- InterOil Corporation (NYSE, POMSox: IOC) has suspended the Wahoo-1 well in PPL474 in Papua New Guinea after intersecting gas and higher-than-expected pressures that could compromise rig safety. Significant concentrations of methane, ethane, propane and butane have been recorded and are believed to be entering the well bore from permeable zones above the...

2014-06-30 04:20:43

- Enhances focus on higher-returning upstream and LNG business SINGAPORE and PORT MORESBY, Papua New Guinea, June 30, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC, PoMSOX: IOC) has announced the sale of companies that hold its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy Group Pte for US$525.6 million, which includes adjustments for cash and working capital. InterOil's downstream businesses include the Napa...

2014-06-17 04:20:29

SINGAPORE, June 17, 2014 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has finalised a US$300 million syndicated, senior secured capital expenditure facility through a consortium of banks led by Credit Suisse AG. The facility was supported by InterOil's existing banks, Credit Suisse, Commonwealth Bank of Australia, Westpac Bank, Australia and New Zealand Banking Group, Bank of South Pacific, BNP Paribas, UBS AG, Macquarie Capital Group, and new banks, The Bank of...

2014-05-14 08:23:08

Milestones Reached, Exploration Starts SINGAPORE and PORT MORESBY, Papua New Guinea, May 14, 2014 /PRNewswire/ -- InterOil Corporation (NYSE:IOC; POMSoX:IOC) (the "company") today announced a 2014 first quarter net profit of $318.6 million, due mainly to a one-off $340.5 million gain from the sale of an interest in PRL 15 to Total S.A. of France on March 26, 2014(1). The profit, up from $4.0 million in the first quarter of 2013, is underpinning aggressive exploration drilling across the four...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
Related