ExxonMobil

Tiute primary school inHela receive new desks

ExxonMobil PNG’s Maintenance team at the Hides Gas Conditioning Plant built the desks in their own time using spare materials. This was after seeing the students sitting on the ground when they presented the end of the year awards in late 2015. 

Teacher In-Charge Jim Marai said the newly built desks will positively improve students’ engagement and ability to learn.

“Prior to the desks’ construction students were forced to sit on compacted dirt and mud, making it very hard for them to take notes and undertake exercises,” Marai said.

ExxonMobil aids school with teachers’ houses

The first house was officially opened for the head teacher of Papa Elementary School on Wednesday Sept 1, 2016 at Papa Village.

ExxonMobil believes that education is a fundamental part in giving children the best possible future and ultimately driving continued social and economic development of PNG and as a result, it has invested heavily in education within its workforce and the community it operates in.

ExxonMobil Lead Country Manager, Andrew Barry says PNG LNG is very proud to continue its support to communities in its project impacted areas in PNG.

Price too high to acquire InterOil: O’Neill

Prime Minister Peter O’Neill told Parliament today that the country could not afford to buy any shares in the acquisition given the current cash flow problem.

However, he said the Government has put both companies on notice that the Government will exercise on its right under the Oil and Gas Act that enables it to 22.5% shares as soon as the proposals put out by the operator of the fields.

O’Neill was responding to Gulf Governor on the position of the Government on the acquisition of InterOil by ExxonMobil.

Ministerial delegation in Hela to address landowner issues

The group comprises of the finance and petroleum ministers, a member of parliament, managing directors of trustee entities, officials from ExxonMobil and the media.

The delegation has just arrived at the Komo airport on a chartered Airlink flight and are now on their way to meet the landowners at Hides.

Discussions today with the landowners will be to address the petition they presented to the government earlier this week.

Although the petition was presented to ExxonMobil instead of the government, the team will try to deal with the issues raised.

ExxonMobil is major sponsor for PNG Cancer Foundation

This is the second year ExxonMobil PNG is partnering with the PNGCF to assist with its provincial programs, the announcement of the partnership was made today in Port Moresby.

ICCC to seek legal advice on acquisition of InterOil

In a statement released on Monday, ICCC Commissioner, Paulus Ain says the proposed acquisition may raise competition issues under section 69 of the ICCC Act.

“If the transaction proceeds without a clearance or an authorization from the ICCC, we reserve our rights to institute legal action in Court to challenge the acquisition, if we ultimately form a concluded view that the acquisition would have some serious negative implications on competition,”

ExxonMobil to acquire InterOil shares worth K7.64b

This will see the international oil giant owning InterOil petroleum licenses in Papua New Guinea.  

In a statement to Port Moresby Stock Exchange  on Thursday, July 21, Exxon Mobil Corporation (and InterOil Corporation  announced an agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil.

“This agreement will enable ExxonMobil to create value for the shareholders of both companies and the people of Papua New Guinea,” said Rex W. Tillerson, chairman and chief executive of Exxon Mobil Corporation.

Oil Search advises intention not to submit a revised offer for InterOil

 

This follows notification on 18 July from InterOil that it had received a ‘Superior Proposal’ from Exxon Mobil Corporation (ExxonMobil) and that the InterOil Board intended to change its recommendation and enter into an Arrangement Agreement with ExxonMobil.

EMPNG kicks off science ambassador programme for 2016

Staff of ExxonMobil PNG spoke to the grade eight students about the importance of science, technology, engineering, and math (STEM) as well as encouraging them to consider a career in these fields.

Students participated in the discussions and observed oil and gas experiments that can be used to further explain the origins and locations of oil and gas beneath the earth’s surface.

ExxonMobil PNG’s Integrity Engineer at LNG Plant Josedech Siotama said that he was pleased to have participated in the programme.

ExxonMobil: Kumuls are ambassadors and role models

ExxonMobil PNG, which is the operator of the PNG LNG project has been the major sponsor of the Kumuls since 2013. 

Managing Director for ExxonMobil, Andrew Barry said the PNG LNG family will be cheering on the PNG LNG Kumuls when they take on Fiji Bati next week.

“We congratulate the players who have been selected to play for the PNG LNG Kumuls.