InterOil Corporation, announced that it has agreed with Petromin PNG Holdings Limited, a government entity mandated to invest in resource projects on behalf of the Independent State of Papua New Guinea, for Petromin to take a direct interest in the Elk/Antelope field. Petromin will contribute an initial deposit and will fund 20.5% of the costs [...]
Canadian Superior Energy Inc. announced that Canadian Superior, along with its partners, BG International Limited, a wholly owned subsidiary of the BG Group plc and Challenger Energy Corp. , have successfully run and cemented in place the 9-7/8″ intermediate casing string in the “Endeavour” well, to a depth of approximately 14,492 feet subsea, and that [...]
InterOil Corporation, announced that it has secured a 150 million Kina (US$57.5 million) revolving working capital facility for its wholesale and retail petroleum products distribution business in Papua New Guinea from two of that country’s leading financial institutions, Bank of South Pacific Limited and Westpac Bank PNG Limited.
“We are pleased to have established this facility [...]
InterOil Corporation, announced that drilling has commenced on the Antelope-1 appraisal well, located approximately 1.7 miles (2.8 km) south of the Elk-4 discovery well in Petroleum Prospecting License 238. The planned total depth of the well is approximately 7,900 feet (2,400 meters) and is expected to take in the order of 90 days to drill.
“We [...]
InterOil Corporation, a Canadian company with operations in Papua New Guinea confirmed that it is on track to meet its projected earnings for the third quarter of 2008. The midstream refining and downstream distribution operations have continued to operate profitably and are in line with the Company’s profit expectations. “We will be filing our third [...]
GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators.
GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced [...]
InterOil Corporation, a Canadian company with operations in Papua New Guinea advises that acid stimulation at the Elk-4 well has resulted in a significant increase in its test gas flow rate. The well was tested at 86 million standard cubic feet (mmscf) per day, an increase of approximately 36.5%.
Based on the condensate ratio measured earlier, [...]
Foster Wheeler Ltd. announced that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000 barrels per stream day (bpsd) six-drum delayed coking unit and gas plant facilities at BP’s Whiting refinery in [...]
TransCanada Corporation received the support of the Alaska Legislature to award the company a license for the Alaska Pipeline Project under the Alaska Gasline Inducement Act (AGIA).
“The Legislature’s decision represents a significant milestone in advancing this major natural gas pipeline project to connect stranded U.S. natural gas reserves to Alaskan and Lower 48 consumers. We [...]
Challenger Energy Corp., along with its partners Canadian Superior Energy Inc. (”Canadian Superior”) (Toronto:SNG.TO)(AMEX:SNG), and BG International Limited (”BG”), a wholly owned subsidiary of the BG Group plc (LSE:BGL.L), announced today they have unanimously agreed to case and conduct flow testing on the “Bounty” well located approximately 65 miles off the east coast of the [...]
