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Papua New Guinea

Horizon denies any knowledge of alleged PNG payment

AUSTRALIAN petroleum company Horizon Oil says it has no actual knowledge of any wrongdoing relating to a reported transaction to PNG officials to acquire an interest in Petroleum Retention Licence 21 (PRL 21) in the Western Province of Papua New

InterOil disposes of downstream assets

INTEROIL Corporation has offloaded its refinery and fuels marketing businesses in Papua New Guinea to Puma Energy for US$525.6 million. Under the deal, which represents Puma’s first investment in PNG, the company has purchased InterOil’s subsidiary companies which hold an