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

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

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

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

Changes at Horizon Oil.

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

People moves: Horizon Oil, RAMSI

Horizon Oil Chairman stepping down, a new Special Co-Ordinator for RAMSI

In brief: Total to lead Elk-Antelope gas development, and other business stories

Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.

In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

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

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.

High interest rates a hurdle for investors, says Nambawan Super, and other business stories

Call for government to lower interest rates, inflation rises and Air Niugini reduces fuel surcharge. Your weekly digest of the latest business news.