Killajoules

InterOil Sells Downstream Businesses for US $525.6 Million
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.

ExxonMobil Ships First Cargo from PNG LNG Project
Exxon Mobil Corporation (NYSE:XOM) today said it shipped the first cargo of liquefied natural gas (LNG) from the $19 billion PNG LNG project ahead of schedule.

ExxonMobil Starts Production Ahead of Schedule at PNG LNG Project
Exxon Mobil Corporation (NYSE:XOM) today announced the $19 billion PNG LNG project has started producing liquefied natural gas (LNG) in Papua New Guinea ahead of schedule.

Total and InterOil Close Elk-Antelope Transaction
Total and InterOil Corporation have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea.

PNG LNG Onshore Pipeline Completed
The PNG LNG Project remains on schedule to produce its first liquefied natural gas (LNG) cargo in mid-year of 2014 following the recent completion of its 292-kilometre onshore section of pipeline.

InterOil Selects Total SA for PNG Gas Development
InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company”) 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 licenses in Papua New Guinea.

First PNG LNG Project Delivery on Track for Second Half of 2014
Esso Highlands Limited (EHL), operator of the PNG LNG project, said today the project is more than 90 percent complete and is on schedule for first delivery of liquefied natural gas (LNG) during the second half of 2014.

InterOil and Pacific LNG Group Enter Into Exclusive Negotiations With ExxonMobil on Development of The Elk and Antelope Resource
InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company”) and its joint venture partner, Pacific LNG Group, have entered into exclusive negotiations with ExxonMobil Papua New Guinea Ltd., a subsidiary of ExxonMobil (NYSE: XOM), on the development of Petroleum Retention License 15 (PRL 15), which comprises the Elk and Antelope fields in the Gulf Province of Papua New Guinea. The transaction has been discussed with the Government of PNG and any future agreement will be subject to their final approval.

InterOil Confirms Continuity of The Antelope Reefal Reservoir and Extends LNG Agreements
InterOil Corporation (NYSE: IOC) (POMSoX: IOC) (“InterOil” or the “Company”) announced that the Antelope-3 well reached total depth on December 25th, and the wireline logging program is currently in progress. Preliminary independent analysis of the wireline log results by Schlumberger demonstrate a carbonate reservoir (limestone and dolomite) with similar reefal reservoir character and quality as the offset Antelope-1 and Antelope-2 wells. This is consistent with, and supplements, the excellent results of our initial drill stem test (DST#1).

Clough Curtain JV awarded $75m Work Order for PNG LNG Project
Engineering and project services company Clough Limited (ASX:CLO) today announced that the Clough Curtain Joint Venture (CCJV) has received work orders worth approximately A$75 million associated with the PNG LNG Upstream Infrastructure contract.