News

Puma Energy plans $US220 million refinery upgrade in Papua New Guinea

Puma Energy, which acquired the downstream assets of InterOil Corporation in Papua New Guinea in the the middle of 2014, is planning a major US$220 million upgrade of its Napa Napa refinery outside Port Moresby. According to a senior Puma executive, the upgrade will facilitate not only more reliable domestic supplies of petroleum products, but exports.
Read More

In brief: PNG Ports Corporation completes Lae extension, and other business stories

The extension project at Lae Port reaches a conclusion, PanAust feasibility study at Freida River on target, National Executive Council endorses PNG Sovereign Wealth Fund. Your weekly digest of the latest business news.
Read More

In brief: Deal to purchase Motukea for port relocation signed, and other business stories

State Solicitor refuses approval for purchase of Motukea island land for port relocation, Confusion over Ok Tedi compensation payments, report says PNG state-owned enterprises under performing compared to Pacific counterparts. Your weekly digest of the latest business news.
Read More
advertisment...

Cott Oil and Gas focuses on Pandora gas field’s potential for floating LNG

Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott's Managing Director Andrew Dimsey outlines the company's plans to Business Advantage PNG.
Read More

In brief: Secrecy over proposed Sovereign Wealth Fund criticised, and other business stories

Failure to set up the Sovereign Wealth Fund criticised, Telikom undertakes 'due diligence' on EMTV, and a call to continue tax breaks for resource sector investors. Your weekly digest of the latest business news.
Read More