APEC to reveal tourism as Papua New Guinea’s ‘sleeping giant’

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The hosting of the APEC Summit in Port Moresby in 2018 has sparked a flurry of investment in tourism infrastructure. It promises to kick start the country’s tourism industry as the nation’s capital gets more hotel rooms, airports are upgraded and a new tourism minister takes the helm.

Papua New Guinea business sees light at the end of the tunnel

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In spite of the talk about an economic slowdown in 2016, Papua New Guinea’s capital, Port Moresby, is a city where plenty is still happening as 2015 comes to a close. Business Advantage International’s Andrew Wilkins reflects on recent discussions with Papua New Guinea business leaders.

In brief: Credit Corp profit down after completion of LNG plant, and other business stories

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Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.

In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories

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Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.

Talisman Energy prepares to drill at Papua New Guinea’s Stanley gas project

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Despite a takeover of its Canadian parent by Spanish energy company, Respol, it’s business as usual for Talisman Energy PNG as it develops the Stanley gas field. Vice President and General Manager Grant Christie explains to Business Advantage PNG what 2015 holds.

Oil Search chief argues for co-operation in developing ‘huge’ gas potential

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There is enough gas capacity in PNG for at least three more LNG trains over the next five-to-seven years, according to Oil Search CEO, Peter Botten, who’s called for gas developers to co-operate and share facilities.

Wood Group PSN wins PNG LNG contract

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The international energy services company, Wood Group PSN, has won a contract with Esso Highlands to provide construction and maintenance to services to the Hides gas plant in Papua New Guinea’s Highlands and the new PNG LNG plant near Port Moresby.

New Caledonia: vive la différence

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With a new investment guide just published on New Caledonia, we find out what is happening in Papua New Guinea’s French-speaking Melanesian neighbour.