Houston Chronicle WASHINGTON — Papua New Guinea has called off negotiations with Exxon Mobil over developing a natural gas field there, as the two sides clashed over their financial split on the project. “The government has signaled it is willing to play hardball to secure a better fiscal take than it achieved with its first LNG project. The ball is
Oil major ExxonMobil looks to acquire natural gas producer InterOil Corp. for $2.5 billion ExxonMobil (ticker: XOM) has made a $2.5 billion all-stock offer for InterOil Corp. (ticker: IOC), a U.S.-listed company with natural gas assets in Papua New Guinea. The deal marks the first time that ExxonMobil has attempted to make a major corporate acquisition since its $2.6 billion
InterOil Corporation (ticker: IOC) is developing a vertically integrated energy business focused on assets in Papua New Guinea (PNG). 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 Finalized… InterOil announced its partnership in the Elk-Antelope field in Papua New Guinea with
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