Oil and gas exploration and production company, Oil Search, has reported a US$175.8 m profit in its preliminary annual results, a 13% fall on last year, which the company attributes to high exploration expenses.
Industry sectors
With gas production from the US$19 billion PNG LNG project due to start next year, Peter Graham, Managing Director of Esso Highlands Limited, talks exclusively to Business Advantage PNG about the long-term impact of the project on the economy.
New Britain Palm Oil Limited reported a 70.4% gross profit decrease to US$81.6m in 2012.
Papua New Guinea will be heavily reliant on its liquefied natural gas exports for many years to come. Rod Myer considers how PNG’s aspirations may be affected by global trends.
PNG’s first privately-built hydro electricity power station has opened in Bulolo, Morobe Province.
The PNG Government has revived the National Petroleum Company of Papua New Guinea (NPCP). We speak with the NPCP’s new Chairman, Frank Kramer.
The Papua New Guinea Government has revived the National Petroleum Company of PNG (NPCP).
The northern coast of Papua New Guinea is experiencing a boom in investment from international companies looking to process fish onshore. Samantha Magick examines why.
National Petroleum Company gets acting MD and board
BSP, PNG’s largest bank, is being recognised globally as a major innovator with mobile technology. In our exclusive interview, Group CEO Ian B Clyne reflects on a momentous year for the bank and its plans for future growth.