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.
In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news
15 May 2018 by Leave a Comment
Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts
6 Mar 2018 by 1 Comment
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.
Economic update: slow but steady resurgence in the Papua New Guinea economy
27 Feb 2018 by Leave a Comment
Papua New Guinea is getting its house in order as it anticipates a period of stronger economic growth, driven in part by significant new investment in mineral production and infrastructure. In the first of a two-part series, Andrew Wilkins discusses its economy with business leaders and assesses where it is most likely to head.
‘Prosperity diseases’ the next health challenge for Papua New Guinea
18 Oct 2017 by Leave a Comment
The next health care challenge for Papua New Guinea authorities are the afflictions of modern society, says Myles Neri, Group Medical Director of International SOS. They include heart disease, stroke and cancer.
Simulated gas processing plant for Papua New Guinea’s oil and gas training academy
17 Jul 2017 by
A simulated gas processing plant has arrived in Port Moresby for use at the new Kumul Petroleum Academy, and is due to begin operating by September.
In brief: New Lae power station being launched this week, and other business news
7 Jun 2017 by Leave a Comment
Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is confident […]
Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories
21 Feb 2017 by Leave a Comment
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
What’s on the agenda for Papua New Guinea business in 2017?
18 Jan 2017 by 2 Comments
As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of preparing for better times.
Total aiming to start Papua LNG production in 2022/23, says Blanchard
28 Nov 2016 by 4 Comments
Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.
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