In brief: Horizon Oil clears its name and other business stories

Welcome,

An investigation has cleared Horizon Oil of any wrongdoings in Papua New Guinea, PNG amends Oil and Gas Act and NASFUND revamps its image. The business news you need to kickstart your week.

People moves: Mainland Holdings, Horizon Oil

Welcome,

Mainland Holdings announces the appointment of a new Non-Executive Director, and a change of CEO at Horizon Oil.

In brief: good news for Wafi-Golpu and other business stories

Welcome,

Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.

In brief: Russia and PNG to set up mutual embassies, and other business news

Welcome,

Russia plans to open an embassy in Port Moresby, the Australian Prime Minister announces relaxed visa rules for Pacific nations, and Crystal Kewe, the young app developer, wins a major APEC award.

Papua New Guinea LNG production predicted to double within 10 years, reports Fitch Research

Welcome,

Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.

In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories

Welcome,

Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.

In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories

Welcome,

Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.

Horizon Oil seeks assurance from Kumul Petroleum its Western Pipeline proposal is viable

Welcome,

As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing.

In brief: Newcrest Mining reports drop in gold production and other business stories

Welcome,

Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.

People moves: Horizon Oil

Welcome,

Changes at Horizon Oil.