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High Arctic Energy Services Inc T.HWO

Alternate Symbol(s):  HGHAF

High Arctic Energy Services Inc. is engaged in provision of pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies in Canada. Its segments include Rental Services and Production Services. The Production Services segment operations consist of Company’s idled snubbing units in Colorado, United States. The Rental Services segment consists of High Arctic’s oilfield rental equipment in Canada centered upon pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells. The Company offers an extensive line up of oilfield rental equipment for drilling, completions, workover and abandonment oil and gas operations.


TSX:HWO - Post by User

Post by 40YardLineon Dec 01, 2021 2:39pm
232 Views
Post# 34186375

Exxon sees $18 bln of possible investment in Papua LNG

Exxon sees $18 bln of possible investment in Papua LNG

Exxon Mobil Corp XOM.N sees its P'nyang gas project and the Papua LNG project, led by TotalEnergies TTEF.PA, investing more than $18 billion in the Pacific island nation over a decade, a company official said on Wednesday.

Exxon is in talks with the government of Papua New Guinea for a pact on development of the P'nyang gas field, which will feed its PNG LNG plant after existing gas sources run down.

Before that, TotalEnergies plans to develop the Papua LNG project, which will involve producing gas from the Elk and Antelope fields to feed two new gas chilling units, called trains, at the PNG LNG site.

"Our development plan phases P'nyang after the Papua LNG project, which could result in nearly a decade of continuous construction activity ... and potentially more than 65 billion kina invested in that timeframe," said Peter Larden, the PNG managing director of Exxon Mobil.

The figure is equivalent to $18 billion. Exxon sees $18 bln of possible investment in Papua LNG, P'nyang projects | Nasdaq

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