The Parliament of Papua New Guinea has passed a series of amendments targeting the mining, oil and gas industries. Law firm Allens examines the significance of these amendments and the likely next steps.
Analysis: amendments to Papua New Guinea’s Mining Act and Oil and Gas Act
Welcome,
1 Jul 2020 by Leave a Comment
People moves: Stanley Petroleum, ANZ Bank
Welcome,
27 Jan 2016 by
Stanley Petroleum appoints first woman chair, senior management changes at ANZ Bank
In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories
Welcome,
21 Jan 2015 by
PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
Opinion: Oil Search loan deal will affect Papua New Guinea’s Sovereign Wealth Fund
Welcome,
26 Mar 2014 by 1 Comment
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
Is LNG a safe bet for Papua New Guinea?
Welcome,
6 Mar 2013 by 1 Comment
Papua New Guinea will be heavily reliant on its liquefied natural gas exports for many years to come. Rod Myer considers how PNG’s aspirations may be affected by global trends. Papua New Guinea is beginning to reap the rewards of its nascent LNG industry but the potential for LNG in PNG is far greater than […]
Interview: National Petroleum Company Chairman, Frank Kramer
Welcome,
6 Mar 2013 by 2 Comments
The PNG Government has revived the National Petroleum Company of Papua New Guinea (NPCP). We speak with the NPCP’s new Chairman, Frank Kramer.
Mining update: Papua New Guinea defies world trends
Welcome,
1 May 2012 by Leave a Comment
Minerals sector enjoys its winnings while industrialised world struggles with debt crises. Papua New Guinea’s minerals sector has been sitting in a sweet spot in the past year, with prices for major commodities rising while much of the industrialised world is in a debt-induced funk. The gold price has risen from lows of $US1320 an […]
Gas and petroleum: the year of heavy lifting
Welcome,
1 May 2012 by 1 Comment
Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. The […]
Province in Focus: Western Province
Welcome,
1 May 2012 by 4 Comments
The sky is the limit as Papua New Guinea’s remotest province sets off on a remarkable course of sustainable development. Also unofficially referred to as Fly River Province, PNG’s largest province by area is also one of its least developed. Vast, remote and with a population density of less than two people per square kilometre […]
USD 0.2672
AUD 0.4040
GBP 0.2104
EUR 0.2469
NZD 0.4353
JPY 39.39
SGD 0.3578
Recent readers’ comments