Tera Shandro is MD for ExxonMobil PNG

Shandro currently Senior Opportunity Evaluation Advisor to the ExxonMobil CEO & Management Committee takes over from outgoing Chairman and Managing Director, Peter Larden, who will become the Senior Upstream & Low Carbon Solutions Advisor to the Exxon Mobil Corporation CEO & Management Committee in Dallas, Texas. 

Since joining ExxonMobil’s Canadian affiliate Imperial Oil in 2003, Shandro has held both global Upstream and Downstream senior roles across engineering, research, operations, business planning and finance.

Mioks hold off premiers

From the get go, favorites Wigmen never looked like they were the champion side, and had to play second fiddle to a slick Miok side for much of the fiery encounter. 

After last week's 2 points win (12-10) over Agmark Gurias in Wabag, Mioks are starting to show early signs of consistency and resilience in their game.

ExxonMobil steps up again for Hiri Moale Festival

ExxonMobil PNG Ltd, the operator of the PNG LNG Project, has stepped up again as the proud Gold sponsor of the 49th Hiri Moale Festival with K150,000. This contribution demonstrates EMPNG's respect for the four Motu Koita villages neighboring the LNG Plant site outside Port Moresby.

EMPNG's Chairman and Managing Director, Peter Larden, said the festival is a significant event for the communities of Boera, Papa, Lealea, and Porebada, as well as the people of Gulf Province whom they traded with.

Milestone Gas Agreement Executed

The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping and evaluation.

Upon completion, up to five per cent of P’nyang gas produced would also be made available to support the government’s electrification efforts in Western Province or another agreed location.

ExxonMobil PNG Supports St John Ambulance

St. John Ambulance in partnership with corporate organizations has launched an air ambulance service to take critical medical assistance to people in remote areas.
ExxonMobil PNG, the operator of the PNG LNG Project recently announced its support to St. John Ambulance’s effort to improve public health initiatives in the country.
“The safety and health of local communities is a priority,” said ExxonMobil PNG’s Medicine and Occupational Health Manager, Dr. Nirven Kumar.

PM announced MGC to decide on Pnyang

Prime Minister Marape announced this in a statement after negotiations between the SNT and ExxonMobil failed to reach an Agreement on the P'nyang LNG Project.

The Prime Minister stated his displeasure over ExxonMobil failing to migrate towards a mid-point which the State takes home a better deal, instead of terms similar to concession-based gas agreements PNG.

He said he is satisfied that the SNT has subscribed to the mandate bestowed upon Petroleum Minister, Kerenga Kua, and ExxonMobil has been told what their intentions are.

Western Leaders back PM on Pnyang

Western Governor, Taboi Awi Yoto, and North Fly MP, James Donald, announced in a joint statement their endorsement of the Prime Minister stance to stop negotiations and focus on other resource projects currently in the pipeline.

According to the statement the leaders said PNG was entitled to a fair deal. And after the PNG LNG Project, they expectied ExxonMobil and project partner, Oil Search, to display commercial fairness and reasonableness.

The leaders said the companies chose to discard these core virtues.

Basic LNG framework agreed to: PM

Following the signing of the Memorandum of Understanding between the State and Total and its partners, ExxonMobil and Oil Search, the Prime Minister said they are happy with the current framework.

ExxonMobil evading tax, Opposition claims

According to a statement issued by Mr Pruaitch, he said there is no plausible reason why ExxonMobil, as the largest equity holder in the US$20 billion venture, has never been the single largest company tax payer since LNG exports commenced in 2014.

The Opposition leader stressed that as an unincorporated joint venture, all five joint venture partners, including Kumul Petroleum, adopt identical accounting standards so the share of profits and taxable income of each partner is broadly comparable and should reflect their individual equity holdings.

Komo airfield landowners give 14-days ultimatum

The landowners said there is no formal agreement between them, the Government and ExxonMobil and called for a new agreement to be established to cater for their royalty payments.

The landowners are from the 16 ILG clans of the Komo airfield.

The landowners spokesperson Michael Tiki said the Government continues to fail the legitimate landowners by not honoring the UBSA and LBSA agreements in terms of royalty benefits, business development grants, Infrastructure Development Grants and High Impact Projects.