Oil Search Ltd (OSH.AX)
18 Jun 2019
SYDNEY The head of Papua New Guinea-focused energy firm Oil Search Ltd said he did not expect to make any significant new concessions on a gas deal it and ExxonMobil Corp hope to strike with the South Pacific nation's new leader.
* Comments follow PNG PM vowing to raise revenue from resources
* Oil giants Exxon, Total closely watching Marape's plans (Recasts with PM speech)
PARIS French energy company Total said on Friday that it expected Papua New Guinea's incoming government to honour a contract signed by the previous administration for a liquefied natural gas project in the South Pacific archipelago.
PARIS, May 31 French energy company Total said on Friday that it expected Papua New Guinea's incoming government to honour a contract signed by the previous administration for a liquefied natural gas project in the South Pacific archipelago.
May 31 Australian shares ended stable on Friday, as investors switched to blue-chips and safe-haven gold stocks with broader equity markets rattled by fears that U.S. President Donald Trump's aggressive trade diplomacy could lead to recession.
SYDNEY/BRISBANE Papua New Guinea's new prime minister pledged on Thursday to "tweak and turn" laws governing how natural resources are extracted to help lift the vast South Pacific archipelago out of poverty.
* Critic of major gas deal, plans to review resource management
SYDNEY Papua New Guinea (PNG) Prime Minister Peter O'Neill quit on Wednesday after losing the confidence of parliament during weeks of political turmoil in the South Pacific nation, but government supporters in parliament hoped to be able to retain power.
* New PM likely to be chosen when parliament resumes on Thursday