The departing Oil Search Managing Director tells Business Advantage PNG he remains positive about Papua New Guinea’s economic future, saying that LNG investment can help fund a stronger, more diversified economy. And he has some parting advice.
Search Results for: Papua LNG
In brief: PNGX announces the launch of six indices and other business news
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28 Oct 2019 by Leave a Comment
PNGX to launch six indices, Oil Search reports sluggish third quarter results, and Geopacific Resources on track to fund Woodlark. Your weekly digest of business news.
In Brief: Government to review resource laws next year, and other business stories
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30 Sep 2019 by Leave a Comment
Review of Mining Act next year, acting Tax Commissioner warns of criminal action against companies not forwarding taxes to government and wholesale internet prices may drop by two-thirds. Your weekly digest of business news.
iPi Group eyes next phase of growth
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5 Aug 2019 by Leave a Comment
The diversified iPi Group has grown up from its origins as a provider of services to the Porgera gold mine in Papua New Guinea. Chief Executive Officer Scott O’Reilly outlines his strategy to overcome tighter trading conditions to Business Advantage PNG.
In brief: Oil Search cuts 2019 capital spending budget and other business stories
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22 Jul 2019 by Leave a Comment
Oil Search has cut its 2019 capital spending budget, delays in the Wafi-Golpu project has lead to job loss, and Bank South Pacific reports liquidity in Papua New Guinea’s banking sector has decreased. Your weekly digest of business news.
In brief: Kumul Telikom Holdings announces major price reductions on internet rates
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8 Jul 2019 by Leave a Comment
Kumul Telikom Holdings has slashed internet rates, Kumul Petroleum Holdings has been asked to report on its earnings since 2014, and a cable laying ship has arrived in Port Moresby to work on the Coral Sea Cable system. Your weekly digest of business news.
Crowne Plaza returns to Port Moresby with all-new residences
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5 Jun 2019 by 1 Comment
Port Moresby’s economic growth has given a much-needed boost to the construction and hospitality sector. Two hotels have opened in the past two years and the Crowne Plaza has plans to make its return in July, with a twist.
Santos to become a stakeholder in the P’nyang natural gas field project
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22 May 2019 by Leave a Comment
Santos has acquired a 13.5 per cent interest in the P’nyang natural gas field in the PNG LNG project in Papua New Guinea. Analysts are generally bullish on the move, saying the company now has a strong balance sheet and is set to meet its production targets.
People Moves: Cabinet reshuffle, Kina Petroleum, South Pacific Tourism Organisation, ANGAU Hospital
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14 May 2019 by Leave a Comment
Papua New Guinea’s Prime Minister appoints four new ministers, Kina Petroleum elects a new Chief Operations Officer – Upstream and LNG, South Pacific Tourism Organisation appoints Chairman and ANGAU Memorial General Hospital welcomes a new Chief Executive CEO.
New players set to almost double Port Moresby’s power generation capacity
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27 Mar 2019 by 1 Comment
Port Moresby’s electricity generation capacity is set to almost double, with the advent of two new independent power producers, Dirio Gas & Power and NiuPower. For the first time, gas will be used for domestic power supply in Papua New Guinea—but challenges remain.
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