• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 hour Could Venezuela become a net oil importer?
  • 3 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 1 min Tesla Closing a Dozen Solar Facilities in Nine States
  • 6 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 57 mins Why is permian oil "locked in" when refineries abound?
  • 5 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 18 hours Teapots Cut U.S. Oil Shipments
  • 14 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours Saudi Arabia turns to solar
  • 2 hours Oil prices going down
  • 3 hours Could oil demand collapse rapidly? Yup, sure could.
  • 2 hours Gazprom Exports to EU Hit Record
  • 22 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 hour EVs Could Help Coal Demand
  • 18 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 6 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
Cashing In On The Coming $10 Trillion Crypto Boom

Cashing In On The Coming $10 Trillion Crypto Boom

Perhaps the fastest-growing niche in…

Where Will U.S. Frackers Drill Next?

Where Will U.S. Frackers Drill Next?

With oil prices having stayed…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

ExxonMobil Takes Heat For 7.5 Magnitude Earthquake In Papua New Guinea

Papua LNG

An earthquake in Papua New Guinea rattled ExxonMobil’s gas project on the island nation to the tune of $19 billion, and a backlash against the U.S. company’s activities is becoming more difficult to contain.

A group of locals are blaming the activities of Exxon and its local partners for the 7.5-magnitude earthquake that hit the island on February 26. Aftershocks after the initial quake compounded the effects of the natural disaster.

The project, known as PNG LNG, is recognized as one of the world’s most successful liquefied natural gas projects, but the foreign presence is becoming more and more unpopular amongst locals. The country’s Vice Minister for Petroleum and Energy, Manasseh Makiba told Reuters that Exxon should open an official inquiry to identify the causes of the aftershocks to address the locals’ concerns.

“It could be man-made but that cannot be confirmed until a proper scientific inquiry can be done,” Makiba said. “We need to resolve that.”

Finance Minister James Marape also asked the company to take action in a Facebook post: “In a world of science and knowledge, I now demand answer(s) from Exxon and my own government as to the cause of this unusual trend in my Hela.”

The islands of Papua New Guinea sit on the Pacific Ring of Fire, known for its regular volcanoes and earthquakes. Chris Mckee, PNG's head of Geohazards Management Division, claims the recent activity was just part of the area’s normal geological climate.

“Earthquake activity has been going on much longer than the oil and gas industry presence in the region - there is no connection at all,” he said.

Scientific evidence strongly suggests the earthquake was “naturally occurring and consistent with prior events”, an Exxon spokeswoman said in a statement following the activity.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News