Oil Search sees Total’s Papua LNG advancing ahead of Exxon’s P’nyang

MELBOURNE/BENGALURU (Reuters) – Oil Search Ltd OSH.AX said on Thursday its stalled plan to expand gas output in Papua New Guinea would now focus on the Papua LNG project, led by Total SA TOTF.PA, in a change of tack following political ructions in Papua New Guinea.

France’s Total had previously pushed to work with Exxon to double liquefied natural gas (LNG) exports from the country through a twinned $13 billion expansion of Exxon’s PNG LNG plant and development of Total’s Papua LNG project.

Oil Search is a partner in both projects, which had insisted they would only go ahead together by adding three new processing units, or trains, at the PNG LNG site.

Progress has been stalled by PNG Prime Minister James Marape’s push for a bigger take for the country from Exxon’s side of the project, development of the P’nyang gas field.

Oil

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Sarasota-Manatee housing sales through nine months surpass 2019 totals

Staff Report
 |  Sarasota Herald-Tribune

Home sales in Sarasota and Manatee counties during the first nine months this year surpassed the total during the comparable 2019 period, showing that the housing market remains strong despite the headwinds from the COVID-19 pandemic.

According to a report from Florida Realtors, the real estate market continued its trend in September of higher sales, higher prices and fewer available listings compared with last year.

“The September numbers show us more of what we have been seeing for the last several months,” said David Clapp, president of the Realtor Association of Sarasota and Manatee. “But, the months’ supply of inventory continues to go down, now at a painfully low level of just two months of supply for single-family homes and three months for condos. Keep in mind that six months is considered a balanced market.”

A news release from the Realtor Association said year-to-date, closed

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Total’s Cray Valley resins business in France not for sale

PARIS, Oct 20 (Reuters)Oil and gas group Total TOTF.PA said on Tuesday its Societe Cray Valley business, the French offshoot of its resins operations, was not up for sale.

Reuters reported earlier in October that Total was launching a sale of its resins business and had hired Credit Suisse to work on the process. Total declined to comment at that time.

While the Societe Cray Valley, the French operations, are not part of the divestiture plan, its international resins businesses have been put on the block and are attracting interest from private equity buyers, people close to the matter said.

Cray Valley operates the Carling petrochemical complex in eastern France and has operations elsewhere, including in China.

Total said in a statement that “there is no sales process for the “Societe Cray Valley”.

The oil company said that it stood by commitments made in 2013 when it restructured

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