Ripple effects: how the global pandemic is affecting oil and gas in Papua New Guinea

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The COVID-19 crisis has profoundly shaken the global oil and gas industry. With the medium term picture for LNG prices likely to heavily impact PNG’s economy and government finances, Business Advantage PNG looks at the sector’s prospects.

Oil and gas prices recover: our monthly review of Papua New Guinea’s commodities and financial markets

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Oil and LNG prices have recovered to some extent and copper has also bounced back. Palm oil prices have strengthened but cocoa is weaker. Business Advantage PNG’s monthly overview of commodity and financial markets.

Oil Search capital raising: is stake in PNG LNG project up for sale?

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Papua New Guinea’s largest company, Oil Search, is proposing to raise US$700 million (K2.4 billion) to strengthen its balance sheet in response to declining oil prices. The company’s stake in the PNG LNG project may also eventually be on the table.

What the oil price shock means for Papua New Guinea

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Analysts have contrasting views on the effect of the oil price war between Russia and Saudi Arabia on long-term oil and gas projects in Papua New Guinea. David James considers these, and the likely impact on domestic petrol and diesel prices.

LNG price tumbles further, while gold and cocoa rise

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Oil and gas prices both fell this month, with LNG dropping particularly sharply, while gold and cocoa are holding their own in a tough market for commodities.

Will Papua New Guinea slip to the back of the LNG queue?

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The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.

Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

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As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.

LNG, oil and coffee prices all fall sharply: a monthly review of Papua New Guinea’s commodity and financial markets

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LNG and coffee prices have come off dramatically while oil is weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.

Boardroom briefing: who’s about to leave your business, new competition for LNG and social media in PNG

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How to tell when your star employees are about to quit, PNG gets competition from China and Russia, and what 549,000 Papua New Guineans did last month. Readings from around the world on business, leadership and management.

Gas and petroleum in Papua New Guinea: a sector profile

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A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.

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