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Stock Market & Financial Investment News

News Breaks
January 29, 2014
08:22 EDTIOC, TOTInterOil scales up operations in Papua New Guinea
InterOil (IOC) is relocating core functions from its 100-person office in Cairns, Australia, to support expanding operations in Papua New Guinea. The Cairns office will close by the end of the year. The decision to increase capacity in PNG comes as InterOil is finalizing an agreement with Total (TOT) to develop a multi-billion dollar LNG project in PNG. Work continues on completing the Total agreement by the end of Q1 2014. InterOil has also begun a new round of drilling as part of its exploration activities across almost 4M acres in PNG. The company plans to drill up to eight wells in the next 12-15 months. The commencement of drilling operations will employ an additional 300 people.
News For IOC;TOT From The Last 14 Days
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August 29, 2014
06:38 EDTTOTRising oil supplies pressuring prices, NY Times says
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August 27, 2014
06:29 EDTTOTShell consortium nears deal to sell Nigeria oilfields for $5B, FT reports
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August 25, 2014
08:13 EDTIOCInterOil participates in a conference call with Bernstein
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