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.
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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.
Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.
A new Chairman at Digicel PNG Foundation, senior BSP appointments in Solomon Islands, Cott Oil and Gas MD to step down.
Following the passage of enabling legislation in the last sitting of Papua New Guinea’s National Parliament, the long-awaiting restructure of state assets and enterprises under the Kumul name is set begin, with Prime Minister O’Neill setting a target of 1 January 2016 for the transfer of state assets to their new homes.
Asian Development Bank analysis showing just how vulnerable Pacific nations are to natural disasters, but what can be done to better manage the risk? Wayne Dorgan from leading Papua New Guinea insurer Pacific MMI calls on disaster co-ordinators in the region to consult more closely with the insurance industry.
ANZ’s timely discussion paper, ‘Powering PNG into the Asian Century’, argues for further reform in Papua New Guinea’s electricity sector and a greater reliance on newer, cleaner energy technologies.
The Papua New Guinea government has acknowledged the need for action to deal with a worsening Budget deficit, blaming lower global commodity prices.