Arbitration talks due to take place in London at the end of this month could have a major influence on the future development of Papua New Guinea’s oil and gas industry.
Arbitration to determine future of Papua New Guinea’s second gas project
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26 Nov 2014 by Leave a Comment
In brief: Pruaitch delivers record Budget and other business stories
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19 Nov 2014 by
Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.
Puma Energy plans $US220 million refinery upgrade in Papua New Guinea
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12 Nov 2014 by Leave a Comment
Puma Energy, which acquired the downstream assets of InterOil Corporation in Papua New Guinea in the the middle of 2014, is planning a major US$220 million upgrade of its Napa Napa refinery outside Port Moresby. According to a senior Puma executive, the upgrade will facilitate not only more reliable domestic supplies of petroleum products, but exports.
In brief: Deal to purchase Motukea for port relocation signed, and other business stories
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29 Oct 2014 by Leave a Comment
State Solicitor refuses approval for purchase of Motukea island land for port relocation, Confusion over Ok Tedi compensation payments, report says PNG state-owned enterprises under performing compared to Pacific counterparts. Your weekly digest of the latest business news.
Central bank governor defends pegging of kina, and other business stories
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1 Oct 2014 by Leave a Comment
Central bank governor says economic stability dependent on kina pegging, Panguna landowners support re-opening of gold and copper mine, and 2015 Budget may be a deficit budget with ‘no significant strategic changes’. Your weekly digest of the latest business news.
Puma Energy commits to PNG growth, rebrands first service station
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24 Sep 2014 by 23 Comments
Puma Energy is starting to show its colours in Papua New Guinea, with the rebranding of its first service station following the acquisition of InterOil’s downstream assets in PNG earlier this year. It’s part of a regional investment strategy, PNG General Manager Peter Diezmann tells Business Advantage PNG.
Elk and Antelope ‘just the start,’ says InterOil
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20 Aug 2014 by Leave a Comment
Cashed up after the completion of several recent deals, oil and gas company InterOil Corporation has widened its exploration focus to include up to 40 promising new targets.
People moves: InterOil, Cabinet appointments, PNG Microfinance
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13 Aug 2014 by Leave a Comment
A new Chairman at InterOil, a new Transport Minister and Community Development Minister, and a new board Chairman for PNG Microfinance.
In brief: Santos and Oil Search increase production following PNG LNG start-up, and other business stories
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23 Jul 2014 by Leave a Comment
Santos and Oil Search increase production following PNG LNG start-up, Crater Gold raising funds for mine development, and regional tuna stock report due out August. Your weekly digest of the latest business news.
In brief: Government to deliver military infrastructure upgrades, and other business stories
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16 Jul 2014 by Leave a Comment
The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.
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