Oil Major Faces Off Against Papua Government

Papua New Guinea’s oil minister has accused Exxon of refusing to negotiate a $13-billion LNG project on the country’s government’s terms, Reuters reports, citing the official as saying the terms the Papuan government had offered the companies behind the project complied with international standards. “It is disappointing Exxon has refused to even consider these terms and we urge them to reconsider their position,” Kerenga Kua told Reuters in a statement. The project in question, the Papua LNG, will be essentially an…