In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories

Welcome,

More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.

InterOil win clears way for Total’s participation in Papua New Guinea’s Elk/Antelope gas project

Welcome,

The International Court of Arbitration of the International Chamber of Commerce yesterday dismissed Oil Search’s claims over 40% of the Elk-Antelope gas field in Papua New Guinea’s Gulf Province.

What we’ve learned in Papua New Guinea: ExxonMobil’s departing MD reflects

Welcome,

With construction and first shipment of gas completed ahead of time, the giant ExxonMobil-led PNG LNG project has proven Papua New Guinea is a viable place to carry out major resources projects. In this exclusive valedictory interview with Business Advantage PNG, outgoing ExxonMobil PNG Managing Director Peter Graham reflects on the lessons learned.

Where is Papua New Guinea’s next LNG project?

Welcome,

With the ExxonMobil-led PNG LNG project ‘more than 90% complete’ and due to start exports in the second half of 2014, what are the chances of additional LNG projects for PNG? Business Advantage PNG considers the candidates.

Elk/Antelope gas fields: what’s really going on?

Welcome,

The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.

‘Modest’ gas find in Gulf of Papua – Oil Search

Welcome,

Oil Search has reported that while it has discovered only ‘modest’ quantities of natural gas during a new exploration campaign in the Gulf of Papua, it will continue drilling in the area.

InterOil teams up with Total to develop Papua New Guinea’s second LNG project

Welcome,

InterOil Corporation has announced it is teaming up with France’s Total S.A. to develop Papua New Guinea’s second LNG gas project at the Elk and Antelope fields in Gulf Province. How will the new project fit into PNG’s existing LNG landscape?

National Petroleum Company deal with Pertamina ‘only limited by our joint imaginations’: Kramer

Welcome,

Last month, Papua New Guinea’s fledgling National Petroleum Company signed its first deal, and it was a big one: a Memorandum of Understanding with Indonesia’s massive national oil company, Pertamina. NPCP Chairman Frank Kramer explains how the relationship will work.

People moves: LNG Energy and InterOil

Welcome,

An interim MD for the PNGSDP and a new CFO for LNG Energy

ExxonMobil and InterOil get together on second gas project

Welcome,

Papua New Guinea’s much-anticipated second gas project could turn out to be an extension of its first, as ExxonMobil commences exclusive negotiations with InterOil and Pacific LNG.