‘Heads of agreement’ have been reached for the ExxonMobil-led P’nyang gas project in Papua New Guinea’s Western Province. Business Advantage PNG looks at what this means for the project’s future development.
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What sort of behaviours should SMEs cultivate to be successful dealing with larger companies? Business Advantage PNG asked Queensland’s Chief Entrepreneur Wayne Gerard and KPMG Australia’s Energy & Natural Resources Technology Partner, Barbara-Anne Bensted, who have been on both sides of the deal.
Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country’s capital markets and encourage SMEs.
A new fabrication facility being planned to support the next wave of gas projects in Papua New Guinea could create as many as 15,000 jobs and enable Papua New Guinea to compete for regional work, according to Wapu Sonk, Managing Director of Kumul Petroleum.
What do micro, small and medium-sized businesses in Papua New Guinea actually need to thrive? Two entrepreneurs heavily involved in the country’s SME ecosystem gave their thoughts to the recent 2021 Business Advantage Papua New Guinea Investment Conference.
Papua New Guinea is sitting on a world-class wind power resource that could see it exporting power to the region in a relatively short space of time.
Alfonso Garcia Mora, Vice-President Asia and Pacific for the International Finance Corporation (IFC), a member of the World Bank Group, outlines some of the development challenges Papua New Guinea faces today and how the IFC is supporting private sector investment to address them.
It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
Awarding the Pandora gas field license to Papua New Guinea’s oil & gas national company spells potential significant changes to the way licenses are granted in the country.