Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
In brief: Papua New Guinea and Japan strengthen ties and other business stories
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24 Aug 2020 by Leave a Comment
Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.
How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis
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23 Mar 2020 by Leave a Comment
The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.
In brief: Papua New Guinea announces plans for ‘partial privatisation’ of state-owned enterprises and other business stories
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2 Mar 2020 by 1 Comment
Papua New Guinea’s Minister for State Enterprises announces plans for ‘partial privatisation’ of state-owned enterprises, P’nyang negotiations between ExxonMobil and PNG could resume and company reporting season. The business news you need to kickstart your week.
In brief: Papua New Guinea ends talks with Exxon on P’nyang agreement, and other business stories
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3 Feb 2020 by Leave a Comment
Papua New Guinea says no to P’nyang gas project, Prime Minister James Marape confident in ‘five-train LNG’ and new date for plastic bag ban. The business news you need to kick-start your week.
Gas and petroleum in Papua New Guinea: a sector profile
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25 Nov 2019 by 
A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.
In brief: Oil and Gas Act to be amended and other business stories
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9 Sep 2019 by Leave a Comment
Changes to the Oil and Gas Act, Prime Minister James Marape has announced that he wants to get the Wafi-Golpu gold mine ‘operational at the soonest’, and opposition leader Patrick Pruaitch has presented a case to challenge Marape’s election as prime minister. Your weekly digest of business news.
In brief: Lihir most productive mine in PNG, and other business stories
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4 Dec 2018 by Leave a Comment
Lihir most productive mine, apprentice of the year named, and a public-private partnership for power in Hela. Your weekly digest of the latest business news. Lihir Gold Mine in the New Ireland Province has topped the mining sector in the country as the most productive mine, according to Mining Minister Johnson Tuke. ‘In 2017, it […]
In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news
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15 May 2018 by Leave a Comment
Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.
Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts
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6 Mar 2018 by 2 Comments
The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.
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