Santos and Oil Search potential merger advances, Twinza Oil wants Pandora gas fields license announced before the Pasca A agreement, and funding for Pacific fisheries. PNG business news in brief.
Oil Search Ltd
Oil Search elects a new EVP Group Finance (Acting) and New Zealand Trade and Enterprise (NZTE) welcomes a Trade Commissioner to the Pacific.
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
Oil Search says goodbye to its Managing Director and Credit Corporation (PNG) welcomes Chair.
The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.
St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.
The Embassy of the People’s Republic of China gets a new head, Qantas welcomes new Regional Manager, Oil Search appointment for the PNG Orchids, Autonomous Region of Bougainville names key post-referendum figure, and new Fellow inducted into the Institute of Directors.
A new president for the Papua New Guinea Chamber of Mines and Petroleum, a new head for Mayur Resources’ lime and cement business, Oil Search welcomes a Director, the National Gaming Control Board adds to its board, and a new Deputy Controller of the National Pandemic Response.
Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.