Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.
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The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
A new Executive Vice-President and a new board member at InterOil, and Steamships appoints a new Non-Executive Director.
O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.
PNG Prime Minister Peter O’Neill says the current wave of economic reforms are vital if the country is to be competitive and living standards rise. He spoke to Business Advantage PNG after addressing the Advantage Investment Summit in Brisbane last week.
The CEO of expanding security firm Black Swan International believes a successful long-term approach to security involves decreasing risk, decreasing costs and increasing productivity. Brian Kelly spoke to Business Advantage PNG.
A founding shareholder in the PNG LNG project, Santos, says it will carry out a ‘full strategic review’ of its operations, after losing more than A$8 billion in market value in the first half of 2015.
The opening address by Papua New Guinea Prime Minister, Peter O’Neill, is expected to be the highlight of day one of the PNG Advantage Summit in Brisbane this week.
Santos CEO to step down, the board of Konebada Petroleum Park Authority announced and a new Country Manager for BSP in Solomon Islands, and a former Digicel executive starts a new recruitment company
O’Neill says India keen to buy PNG gas, industry divided over vegetable import ban, and Konebada Petroleum Park Authority signs feasibility study deal. Your weekly digest of the latest business news.