ExxonMobil has agreed to sell down its holding in the P'nyang gas field in ...
BANGALORE/SYDNEY - ExxonMobil has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help feed an expansion of Exxon’s PNG LNG project.
The deal helps smooth the way for the planned expansion of PNG LNG, roughly aligning Santos’ 13.5% stake in the LNG project and the new gas field. Santos’ shares rose as much as 2% to a two-week high after the announcement, in a slightly stronger broader market.The P’nyang partners are waiting to seal an agreement with the government for development of the field, but the signing has been delayed amid political ructions in Papua New Guinea.
The Ombudsman Commission said in a December report leaked this week that O’Neill failed to follow correct legal procedures and bypassed parliament in deciding to borrow the money, used to buy shares in oil and gas producer Oil Search Ltd.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exxon's Baytown, Texas refinery gasoline unit shut for another month: sourcesThe small gasoline-producing unit at Exxon Mobil Corp’s 560,500 barrel per day (...
Read more »
Here are the biggest analyst calls of the day: Pinterest, Zoom, Merck, Exxon Mobil & moreHere are the biggest calls on Wall Street on Monday
Read more »
Giuliani cancels Ukraine trip amid political meddling chargesRudy Giuliani announced late Friday that he was canceling an upcoming trip to Ukraine after he came under criticism for saying he planned to talk to the country’s new leaders about investigations that could boost Trump politically
Read more »
Amid criticism, Giuliani cancels trip to Ukraine meant to push probes of political rivalsTrump lawyer Rudy Giuliani has scrapped a visit to Ukraine after Democrats denounced his plan to push the foreign nation to investigate Trump's rivals.
Read more »
USC honors interim chief Wanda Austin, who led amid tumult 'with courage, dignity and grace'Wanda Austin, USC’s interim president, received an honorary degree Friday celebrating her leadership as the university grappled with extraordinary challenges.
Read more »
Here are the biggest analyst calls of the day: Pinterest, Zoom, Merck, Exxon Mobil & moreHere are the biggest calls on Wall Street on Monday
Read more »
Exxon's Baytown, Texas refinery gasoline unit shut for another month: sourcesThe small gasoline-producing unit at Exxon Mobil Corp’s 560,500 barrel per day (...
Read more »
The center of the Democratic 2020 field is wider than expectedFirst Read is your briefing from 'Meet the Press' and the NBC Political Unit on the day's most important political stories and why they matter.
Read more »