In brief: Newcrest output at Lihir ‘below expectations’ despite improvement, and other business stories

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Production issues hit Newcrest, Digicel launches cloud-based product, and Mitsui delivers PNG LNG carrier. Your weekly digest of the latest business news.

Managing risk in Papua New Guinea

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The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]

Gas and petroleum: the year of heavy lifting

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Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. The […]