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Meg Ryan ditched the Hollywood spotlight for a quiet NYC life
PORT MORESBY, Papua New Guinea, Oct. 4 (UPI) -- Funding is in place to complete a liquefied natural gas project in Papua New Guinea after Exxon came up with more financing, a partner said Friday.
Oil Search Ltd., said Exxon was able to raise $1.5 billion to help move the multibillion-dollar project toward completion.
Exxon said last month the project was more than 90 percent finished.
"We are pleased that the supplemental project financing has been completed and all funding is now in place to complete the project on time and within the revised budget," Peter Botten, managing director of Oil Search, Exxon's national partner, said in a statement.
The project will produce as much as 6.9 million tons of LNG at peak capacity once it starts operations next year.
Papua New Guinea has rich deposits of oil and natural gas, with mineral and oil exports accounting for the bulk of the country's gross domestic product. Oil Search said the estimated cost of the project remains unchanged at $19 billion.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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