Analysis of test results from a potentially new LNG find at the Barikewa-3 well in the Papua New Guinea Forelands is underway but it’s too early to say how that gas will be commercialised, according to well operator, Oil Search. Meanwhile, the signing of a long-term contract for gas from PNG with China confirms demand for gas from China will continue well into the 2020s.
‘Encouraging’ gas find likely to boost Papua New Guinea LNG expansion as China locks in long-term contract
5 Sep 2018 by 1 Comment
In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories
24 Apr 2018 by Leave a Comment
Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories
4 Apr 2018 by Leave a Comment
New Port Moresby power plant to be online during early 2019, US equity firm bids A$13.5 billion for Santos, and PNG Post keen to diversify. Your weekly digest of the latest business news.
In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories
28 Feb 2018 by Leave a Comment
ExxonMobil, Oil Search close LNG production facilites after quake, analysts expect kina to fall ‘over the near-term’, and agreement being finalised to allow Philippines farmers to grow rice in PNG. Your weekly digest of the latest business news.
In brief: Papua New Guinea signs up to China’s ‘One Belt, One Road’ initiative, and other business stories
21 Nov 2017 by 1 Comment
China deal to benefit Highlands provinces, call for restructure of agriculture department and quarantine authority, and Pacific Assurance Group goes into liquidation. Your weekly digest of the latest business news.
In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news
14 Dec 2016 by Leave a Comment
Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.
People moves: ANZ Bank, Santos, Nautilus Minerals, Digicel
14 Dec 2016 by Leave a Comment
A new senior appointment at the ANZ, Santos appoints VP to manage non-core assets, Nautilus board member resigns, promotion for Digicel PNG’s Marketing Manager.
People moves: ANZ Bank, Santos
6 Apr 2016 by Leave a Comment
ANZ Bank’s regional CEO to retire, senior management changes at Santos
Oil Search reviewing costs as prices fall, but Botten says Papua New Guinea gas projects will be prioritised
3 Feb 2016 by Leave a Comment
Declining oil prices have prompted a review of Oil Search’s activities, even as production hit record levels in 2015. Nevertheless, Papua New Guinea’s largest company says it is generating positive cash-flows and will be making a priority of future investment in the PNG LNG and Papua LNG gas projects.
Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber
19 Nov 2015 by Leave a Comment
Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.
USD 0.3010
AUD 0.4177
GBP 0.2287
EUR 0.2573
NZD 0.4560
JPY 33.70
SGD 0.4124
Recent readers’ comments