shell and interoil sign papua new guinea oil refinery deal

Shell and InterOil sign Papua New Guinea oil refinery deal

Shell and InterOil sign Papua New Guinea oil refinery deal Apr 09, 2001 02:00 AM Shell Group has agreed to buy more than $ 1.4 bn of products over three years from an oil refinery which InterOil is building in Papua New Guinea which is closer to Shell's South Pacific markets than Singapore, InterOil said. InterOil, based in The Woodlands, Texas, with offices in Australia, said it has also

InterOil Port Moresby Oil Refinery Industry About

Type: Oil Refinery. Area: National Capital. Installed Capacity: 36,000 barrels per day. Products: Jet Fuel, Gasoil, Gasoline, Naphtha, Fuel Oil. Owner: InterOil

InterOil Stock Collapses on Deal That Delays LNG Decision

Mulacek founded InterOil in the 1990s when he disassembled an Alaskan oil refinery, refurbished it in Texas and shipped it to Papua New Guinea. The refinery gave Mulacek a

Shell and ExxonMobil head to head in Papua New Guinea

After building up and operating the first crude oil refinery in Port Moresby, Papua New Guinea, InterOil took over Shell retail and distribution network in Papua New Guinea in 2006. In parallel InterOil acquired its first licenses for oil and gas exploration in 2005. After the first discoveries in Moose in 2005, the Elk and Antelope appeared to be promising enough to support a LNG project. In

InterOil Napa Napa Refinery Hydrocarbons Technology

InterOil Corporation completed the construction of Papua New Guinea’s (PNG) first oil refinery early in 2004. Following an extensive commissioning and testing process the first shipment of crude oil to be processed at the facility arrived on 16 June 2004. BP Singapore is the exclusive agent for all of the crude oil to be supplied to the refinery. Previously, all the crude obtained from

InterOil in deal to buy Shell Papua New Guinea Offshore

Offshore staff (Asia Pacific & Canada) Reuters and theCanadian Press report that Canadian oil company InterOil Corp. on Tuesday says it has reached an agreement in principle to acquire Shell Papua New Guinea Ltd. after dropping a lease-back option. The company did not disclose terms. Closing of the deal is subject to governmental approval, says InterOil.

Shell to buy naphtha from Papua New Guinea refinery Oil

Shell International Eastern Trading Co. of Singapore has agreed to buy excess naphtha for 3 years from the refinery InterOil Corp., Cairns, Australia, is building in Papua New Guinea.

Shell tipped to take stake in InterOil's Papua New Guinea

Of the three oil and gas majors understood to be vying for a share of US-listed junior InterOil’s Gulf LNG project in Papua New Guinea, Shell is being tipped by some industry insiders as the bidder most likely to succeed. The PNG government approved InterOil’s plans to develop the 3.8 million mt/year Gulf LNG project []

InterOil Closes Deal with Total on Papua New Guinea

InterOil’s assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. Deal

InterOil receives first crude for Papua New Guinea refinery

InterOil Corp., a Canadian company with operations in Papua New Guinea, reported the first shipment of crude oil for its refinery arrived at the company's marine terminal across the harbor from

InterOil Signs MoU with PNG Government Rigzone

InterOil Corporation has signed a Memorandum of Understanding with the Independent State of Papua New Guinea for natural gas development projects in Papua New Guinea, and also signed a tri-party

Puma Energy enters PNG market with InterOil deal

Singapore-based Puma Energy Corporation, which acquired InterOil Corporation’s downstream business in Papua New Guinea for US$525.6 million this week, is focused on ongoing growth and investment in the Pacific region as it enters the country’s oil and gas sector.

InterOil awards Clough engineering contract to build

After completion, the refinery is planned to process 32,000 barrels of crude oil per day with the fuel products destined for both domestic and export markets. PODCAST Empire Energy and the new frontier of the Northern Territory

InterOil Announces Acquisition of Aviation Business in

InterOil's assets consist of petroleum licenses covering about 4.6 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. In addition

SHELL, INTEROIL SIGN US$1.4 BILLION PNG

SHELL, INTEROIL SIGN US$1.4 BILLION PNG AGREEMENT. Submitted by admin on Fri, 08/01/2003 00:00. By Baeau Tai. PORT MORESBY, Papua New Guinea (The National, July 31) Shell PNG ceased retailing activities last year in Wewak, where a booming economy has left East Sepik Province severely short of fuel supplies. Shell's commercial manager Peter Walsh told The National

InterOil sells its PNG companies to Puma Energy

InterOil sold the 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 Napa refinery in Port Moresby that processes about 28,000 barrels a day, 52 service stations, []

InterOil's New Drilling Rig Arrives in Papua New Guinea

InterOil says its newly engineered rig (InterOil Rig #2) has arrived in Port Moresby, Papua New Guinea. The rig is a 'double' and was engineered by Loadmaster Rig Systems of Houston, Texas, with a

Total to pay InterOil up to $3.6 billion in Papua New

PARIS (Bloomberg) -- Total SA, Europe’s third-biggest oil company, agreed to buy a stake in InterOil Corp.’s assets in Papua New Guinea in a deal valued at as much as $3.6 billion as part of

Oil Search bows to ExxonMobil in battle for InterOil

Australia's Oil Search Ltd has cleared the way for ExxonMobil Corp to take over InterOil Corp for $2.2 billion, giving the U.S. giant access to a rich new gas field to expand its exports from

InterOil acquires Shell assets in Papua F&L Asia

We are excited about the acquisition of Shell Papua New Guinea as it has provided us with an opportunity to synergize these assets into our existing downstream marketing and distribution business, said Chief Executive Officer and Chairman of InterOil Phil Mulacek. Its assets comprise of an oil refinery, upstream petroleum exploration licenses, and retail and commercial distribution assets. The

Puma Energy buys InterOil's PNG businesses for $526m

Puma Energy Holdings acquired InterOil’s oil refinery, service stations and fuel terminals in Papua New Guinea for $526million, marking its first investment in the Pacific nation.

InterOil Corporation (IOC) Oil & Gas Deals and

InterOil Corporation (IOC) Oil & Gas Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year

Petrol World Papua New Guinea: Oil Search and

InterOil is an independent oil and gas business with a sole focus on Papua New Guinea. InterOil’s assets include a 36.5% interest in the Papua LNG Project, which comprises one of Asia’s largest undeveloped gas fields, Elk-Antelope, in the Gulf Province, and exploration licenses covering about 16,000 sqkm. Its main offices are in Singapore and Port Moresby. InterOil is listed on the New

InterOil signs new deal for FLNG project in Papua

InterOil is listed on the New York Stock Exchange but its interests are mainly in Papua New Guinea. There it is also a shareholder in a joint venture to construct an onshore LNG plant on a site adjacent to an oil refinery it owns near the capital Port Moresby. Pacific LNG is

One Day One Country: Papua New Guinea (PNG

Listed in New York Stock Exchange, InterOil was established in 1997 to take a leading role in the energy sector of Papua New Guinea. After building up and operating the first crude oil refinery in Port Moresby, Papua New Guinea, InterOil took over Shell retail and distribution network in Papua New Guinea

Exxon Mobil to acquire InterOil, a Papua New Guinea oil

Prior to the Exxon deal, Papua New Guinea-based Oil Search Ltd. had offered $2.2 billion for InterOil. Exxon Mobil will pay Oil Search a break-up fee to cancel that deal. Exxon Mobil will pay Oil

InterOil's Deal With Total: The Good The Motley Fool

It took almost four years, but InterOil (NYSE: IOC) finally got a partner for its natural gas fields in Papua New Guinea. Last week, Total swooped in and made a deal to take the operator's stake

InterOil open to takeover offers The Australian

Industry analysts have said InterOil's resource base in Papua New Guinea could make it a potentially attractive target for deal-hungry energy companies eager to capitalise on a drop in oil and gas

Will InterOil Earnings Seal Its Long-Awaited Deal? The

Meanwhile, InterOil has continued its operations of its refinery in Papua New Guinea. Last month, the company got new financing for working capital for the facility, replacing a smaller facility

New terms for Exxon takeover of Interoil RNZ News

New terms for Exxon takeover of Interoil. 2:53 pm on 22 December 2016. Share this. Share on Twitter; Share on Facebook ; Share via email; Share on Reddit; Share on Linked In; A committee reviewing ExxonMobil's takeover offer for the Papua New Guinea-concerned energy company InterOil has unanimously recommended that the deal go ahead. InterOil Refinery, Napa Napa, Papua New Guinea

Exxon grabs reins in InterOil hunt as rivals bow out of deal

Screenshot from a video showing InterOil's assets in Papua New Guinea. Image: InterOil . Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp. Oil Search Ltd. and Total SA had offered to buy InterOil in May in a deal that valued the company at $2.2 billion. Exxon topped it

InterOil vs. OilSearch: LNG Projects on Papua New

InterOil has 6.7Tcf of P2 gas resource (new Knowledge reservoir report) and 20-49 million barrels of condensates (older GLJ Petroleum Consultants report, not

Total SA Teams Up with InterOil for Papua New Guinea

InterOil’s assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located in Papua New Guinea. On December

InterOil, Pacific Rubiales Reach Deal For Interest In

InterOil Corp. (IOC) reached a deal the Canada oil producer Pacific Rubiales Corp. (PEGFF, PRE.T) a 10% net participating interest in a prospecting license in Papua New Guinea, in a transaction potentially valued at $345 million plus a final resource payment.

InterOil Unloads Refining Biz In $526M Deal With Puma

InterOil Corp. announced Monday that it has sold its downstream oil refinery and petroleum products distribution businesses in Papua New Guinea to Singapore-based Puma Energy Group Pte. for

InterOil's Investors Are Gushing Over $526M Refinery

NEW YORK -The Papua New Guinea (PNG)-focused InterOil Corp announced the sale of its refinery and petroleum products distribution business to Puma Energy for

Exxon, InterOil discussing Papua New Guinea investment

Exxon Mobil Corp. and InterOil Corp. are in exclusive talks on a possible investment by an Exxon subsidiary in InterOil's gas assets in Papua New Guinea.. InterOil has its U.S. corporate office in



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