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Papua New Guinea flags talks with Exxon on $13 bln gas expansion hit impasse

Papua New Guinea’s petroleum minister flagged on Friday that talks with Exxon Mobil Corp tied to a $13 billion gas expansion had reached an impasse as the U.S. oil giant was unwilling to negotiate on the country’s terms. The state’s negotiating team had set out draft terms for negotiations on developing the P’nyang gas field, which Petroleum Minister Kerenga Kua said were in line with international standards and would ensure a “fair deal” for PNG. “It is disappointing Exxon has refused to even consider these terms and we urge them to reconsider their position,” Kua said in a …read more […]

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Apple's IPhone 11 Runs Into Buggy Launch

Nov.21 — Apple is overhauling how it tests software after a swarm of bugs marred the latest iPhone and iPad operating system launches, according to people familiar with the shift. Tom Forte, DA Davidson senior research analyst, and Bloomberg’s Mark Gurman reports on “Bloomberg Technology.” …read more […]