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PNG LNG in late 2014: MPW

MACQUARIE Private Wealth has maintained an outperform rating for Oil Search despite the news of a second budget blowout for the ExxonMobil-led PNG LNG project.

While Exxon mainly blamed the rising kina currency for the new $US19 billion price tag, which is up 21% from the last blowout and 27% from the original $15 billion capital expenditure estimate, the investment...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.