Malaysia's SD Guthrie sees El Nino impacting 2027-28 palm oil output
Malaysia's SD Guthrie, one of the largest palm oil producers in the world, stated on Tuesday that they expect production to be affected by El Nino, which is expected to bring hotter and drier weather.
Santos reports higher revenue in the second quarter on sales and commodity prices that are on the rise
Santos, the oil and?gas company, reported a rise of?second quarter sales revenue 'on Thursday. This was due to a?increase in sales volumes for its liquefied gas project in Papua New Guinea as well…
World Bank: PNG's growth is booming, but the jobs for ordinary citizens are not up to par
The World 'Bank'said Thursday that Papua New Guinea’s economy will grow by 5.6% between 2025 and 2050,?one the highest growth rates in?Pacific?, but this boom does not translate into more jobs…
Santos, Australia's largest LNG producer, aims to reduce its net debt by $2.5billion and focus on the production of LNG
Santos, Australia's second largest oil and gas company, said that it aims to reduce its net debt by $2.5billion?by 2030?and focus on?its?investment?in major oil and LNG production in regions with Tier-1 basins.
Indonesian forces save 18 Freeport workers in Papua from rebels
Officials said that the Indonesian military rescued on Thursday 18 workers from Freeport Indonesia, a gold and copper mining company. The workers had been surrounded for three days by armed rebels…
Australia's Santos Chief executive bets on cash-flow boost as third bidder walks away
Kevin Gallagher, Santos' boss, said on Friday that he does not plan to retire. He expects the company to see a dramatic increase in cash flow over the next few decades. This comes after the third…
Russell: ADNOC must offer more than just money to make the Santos deal work.
Abu Dhabi National Oil Company's (ADNOC) $18.7billion bid for Australian liquefied gas producer Santos faces a much higher hurdle than the money offered. The politics surrounding the deal, which…
Russell: ADNOC must offer more than just money to make the Santos deal work.
Abu Dhabi National Oil Company's (ADNOC) $18,7 billion bid for Australian liquefied gas producer Santos faces a much higher hurdle than the money offered. The politics surrounding the deal, which…
Santos extends exclusive offer for ADNOC's $18.7 Billion, but profits decline
Santos, the Australian gas producer, agreed on Monday to extend exclusivity for an 18 billion dollar takeover bid by a group led Abu Dhabi National Oil Co. (ADNOC) and reported a 22% decline in profit that was better than expected.
ADNOC consortium targets Australia's Santos
Abu Dhabi National Oil Company's (ADNOC) is looking to expand its global gas business and has proposed a $18,7 billion takeover bid of Australia's Santos, the second largest independent gas producer. Santos has supported the plan.
Nel is appointed as the new CEO of South Africa's largest gold miner amid a copper pivot
Harmony Gold, South Africa’s largest gold producer in terms of volume, announced on Thursday that Beyers Nel had been appointed chief executive officer, to replace Peter Steenkamp who is retiring.
Exxon Mobil Continues to Ramp Up LNG Portfolio
Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties…
Australia's Iron Ore Giant Fortescue Plans 235GW Green Energy Drive
Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with oil giants to provide low-cost green energy globally.Billionaire Forrest…
Oil Search Q2 Revenue Falls About 30%
Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil and gas explorer
Europe Dominates LNG Import Story in 2019
Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019…
US Signs Highest LNG Export Contract
US signed highest volume of global long-term liquefied natural gas (LNG) export contracts in 2019, accounting for around a 67% of global share. Abundant shale gas production in the US has enabled the country to export natural gas as LNG.
Airswift Eyes APAC Growth
Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region.
Oil Search Boss to Retire in 2020
Papua New Guinea's biggest company Oil Search Ltd said on Tuesday long-serving Managing Director Peter Botten will retire from the firm next year after 25 years in the role, just as the company…
PNG to seek more from Exxon on P'nyang deal than Total's Papua LNG
Papua New Guinea will press Exxon Mobil Corp for "far better" terms on its P'nyang gas project than the government secured in a recent agreement with Total SA for its Papua LNG project, the country's…
Santos Profit Soars
Australia's No.2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.Santos acquired Quadrant