Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.
In brief: the first stage of Lae’s port upgrade is completed, and other business stories
Welcome,
14 Jan 2015 by
Stanley gas project targets production in 2016
Welcome,
8 May 2014 by 4 Comments
After a two-year wait for government approval, the Stanley gas project joint venture is about to enter its construction phase. There’s also a second, even bigger, project in the offing, according to Horizon Oil’s senior representative in Papua New Guinea.
Stanley gas project approved in Papua New Guinea
Welcome,
16 Apr 2014 by 4 Comments
The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
Port Moresby’s next growth corridor
Welcome,
22 Jan 2014 by 1 Comment
Major industrial projects underway or in the pipeline north-west of Port Moresby look likely to create an industrial and logistics corridor over the next five years. Business Advantage PNG examines the progress in Central Province, just outside Papua New Guinea’s capital.
Osaka Gas becomes third Japanese company to buy into Papua New Guinea gas
Welcome,
28 May 2013 by
Japanese investment in Papua New Guinea’s gas resources has increased, with Japan’s second largest gas company buying a 40% stake in Australia’s Horizon Oil, which has an interest in several PNG petroleum leases.
Five things we learned at the PNG Mining Conference
Welcome,
15 Dec 2012 by Leave a Comment
The 12th Papua New Guinea Mining and Petroleum Investment Conference was held last week in Sydney, Australia. The event was hosted by the PNG Chamber of Mines and Petroleum. 1. Resources have never been bigger in PNG As PNG’s new Mining Minister Byron Chan observed, mining was responsible for 71% of PNG’s export receipts in 2011. The 1350 […]
Profiles: Laba Holdings and Hides Gas Development Company
Welcome,
1 May 2012 by 5 Comments
The PNG LNG Project has led to the creation of new landowner companies. During the construction phase the Hides Gas Development Company (HGDC) (upstream in the Southern Highlands), and Laba Holdings (downstream in the area around the processing plant close to Port Moresby), have exclusive rights to carry out certain key activities such as labour hire, […]
USD 0.2634
AUD 0.4094
GBP 0.2127
EUR 0.247
NZD 0.4457
JPY 40.76
SGD 0.3586
Recent readers’ comments