Barrick says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
Economic update: cautious optimism in Papua New Guinea as major projects take shape
Welcome,
19 Apr 2022 by Leave a Comment
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.
Papua New Guinea’s LNG roadmap clearer following signature of P’nyang gas agreement
Welcome,
23 Feb 2022 by Leave a Comment
With a gas agreement finally executed for the US$10 billion ExxonMobil-led P’nyang gas project, and a start date provided for front end engineering and design for TotalEnergies’ Papua LNG project, Papua New Guinea’s energy sector now has a clear roadmap for the rest of the decade.
In brief: Papua LNG scheduled to commence in 2027 and other business stories
Welcome,
20 Oct 2021 by 1 Comment
Total E&P’s MD outlines Papua LNG schedule, the Internal Revenue Commission signs Memorandum of Agreement with the SME Corporation and Air Niugini to resume services to Sydney. The business news you need today.
New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’
Welcome,
19 Sep 2021 by Leave a Comment
Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.
ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations
Welcome,
25 Aug 2021 by 2 Comments
After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.
Santos and Oil Search agree terms for merger: what’s next?
Welcome,
2 Aug 2021 by 3 Comments
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?
Forum hears of challenging business conditions in Papua New Guinea
Welcome,
26 May 2021 by Leave a Comment
The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.
Landmark agreement: Papua New Guinea increases its stake in future LNG exploration projects with Total
Welcome,
12 May 2021 by 13 Comments
Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.
Vive le gaz! Total and Papua New Guinea ‘remobilise’ Papua LNG
Welcome,
10 May 2021 by Leave a Comment
There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.
USD 0.2840
AUD 0.4244
GBP 0.2323
EUR 0.2637
NZD 0.4577
JPY 37.61
SGD 0.3796
Recent readers’ comments