In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories

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

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

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

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

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

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

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.

More oil and gas mergers and acquisitions could impact Papua New Guinea, say analysts

Two major takeover offers involving leading companies operating in Papua New Guinea’s oil and gas industry have emerged in recent months. Business Advantage PNG spoke to oil and gas analysts about what this mergers and acquisitions activity means for the sector.

In brief: Santos aims to improve balance sheet by raising funds, and other business stories

Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.

People moves: Kumul Consolidated Holdings (IPBC), Santos, Harmony Gold

Heim leaves Deloitte for Kumul Consolidated Holdings, a new Managing Director for Santos in 2016, and Harmony Gold appoints new CEO.