Oil Search Ltd., Papua New Guinea’s largest oil and gas producer, is contesting Total SA’s agreement earlier this week to acquire a stake in InterOil Corp.’s natural gas discoveries in the Pacific nation.
Chevron Corp. said it aims to supply China’s largest oil company with liquefied natural gas from its proposed Wheatstone project in Australia, the nation at the center of the U.S. energy producer’s growth plans.
Oil Search Ltd. , a partner in Exxon Mobil Corp.’s $15 billion liquefied natural gas project in Papua New Guinea, expects to undergo “a complete metamorphosis” in the next five years after a review of expansion opportunities.
Buru Energy Ltd., the second-best performer on Australia’s energy index this year, is targeting as many as 20 oil prospects in the country’s northwest, seeking to repeat the first major discovery in the area since the 1980s.
Senex Energy Ltd., an explorer developing coal-seam gas resources in Australia’s Queensland state, said it is in talks with companies interested in buying the assets, becoming a partner or reaching a supply deal.
Woodside Petroleum Ltd. , seeking reserves to underpin an expansion of the A$13 billion ($11.6 billion) Pluto project in Australia, made a gas discovery off the northwest coast. Its shares rose the most in six months.