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Oil Search to reap PNG LNG cash flows as project deemed complete

2015-02-06 09:59:58| Oil & Gas - Topix.net

Oil Search is set to enjoy a bounty of more than $US800 million to redirect toward LNG expansion after the $US19 billion Papua New Guinea liquefied natural gas project was deemed financially "complete" for its lenders. Some $US700 million of the total is Oil Search's first share of cash flows from the project since it began production eight months ago while the rest is the funds held in escrow to satisfy the company's lenders that will now be released.

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Oil Search to reap PNG LNG cash flows as project deemed complete

2015-02-06 08:38:10| Energy - Topix.net

Oil Search is set to enjoy a bounty of more than $US800 million to redirect toward LNG expansion after the $US19 billion Papua New Guinea liquefied natural gas project was deemed financially "complete" for its lenders. Some $US700 million of the total is Oil Search's first share of cash flows from the project since it began production eight months ago while the rest is the funds held in escrow to satisfy the company's lenders that will now be released.

Tags: search complete project cash

 
 

Major effort launched to complete factory inspections

2015-02-03 12:22:00| Daily apparel & textile news and comment - from just-style.com

A major effort has been launched to complete the remaining safety inspections of all export-oriented readymade garment factories in Bangladesh.

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The complete guide to hot Austin restaurant openings in 2015

2015-02-02 20:26:29| Grocery - Topix.net

If you've surveyed the Austin restaurant landscape of late, you may be overwhelmed at the number of new offerings in both Central Austin and further afield. Lest you think that the pace will slow down, we've compiled updates on more than 50 restaurant and bar projects that have either just opened or are scheduled to arrive over the coming year.

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Albertsons, Safeway complete merger

2015-01-30 17:28:55| Grocery - Topix.net

Albertsons and Safeway announced on Friday that they have completed their proposed merger. Under the terms of the merger agreement first announced in March 2014, Albertsons will acquire all outstanding shares of Safeway.

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