Vaccination requirements and 60-day approvals for international travellers, PNG DataCo gets over K60 million worth of Telikom assets and Santos strikes deal with newly minted joint venture. The business news you need today.
In brief: new rules for international travellers visiting Papua New Guinea and other business stories
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2 Feb 2022 by Leave a Comment
In brief: Papua New Guinea’s foreign exchange reserves up and other business stories
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27 Jan 2022 by Leave a Comment
Head of bank comments on foreign exchange improvement at the end of last year, alluvial mining reserved for Papua New Guineans. and Santos reports record profits. The business news you need today.
People moves: Bank of Papua New Guinea, Paradise Foods, Fortescue, OTML, Santos, MiBank, Credit Corp
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19 Jan 2022 by Leave a Comment
Changes at the Bank of Papua New Guinea, Paradise Foods announces new CEO, change at Fortescue Metals, Ok Tedi Mining Ltd (OTML) welcomes new board member, Santos appoints Chief Financial Officer, MiBank gets Independent Directors, and Credit Corp announces Non-Executive Director.
‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange
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10 Dec 2021 by 5 Comments
Santos is listing on Papua New Guinea’s stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange’s largest listing, providing PNG’s capital markets with a timely boost.
Oil Search’s shareholders vote overwhelmingly to merge with Santos
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7 Dec 2021 by Leave a Comment
Oil Search’s shareholders have voted overwhelmingly to approve its merger with fellow petroleum and gas company Santos at a special shareholders meeting. With National Court and ICCC approval also received, the way is clear for the creation of a A$23 billion (K56.88 billion) resources company.
In brief: Santos submits application for Oil Search merger to ICCC and other business stories
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17 Nov 2021 by Leave a Comment
Santos and Oil Search merger now in the hands of the ICCC, DataCo reduces wholesale prices by 66 per cent for metro fibre connectivity services, and Treasurer Ling-Stuckey receives report on the Central Bank Act 2000 review. The business news you need to know.
Papua New Guinea’s P’nyang LNG project: what we know so far
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13 Oct 2021 by Leave a Comment
‘Heads of agreement’ have been reached for the ExxonMobil-led P’nyang gas project in Papua New Guinea’s Western Province. Business Advantage PNG looks at what this means for the project’s future development.
Time to grow: Papua New Guinea’s stock exchange looking to expand
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6 Oct 2021 by Leave a Comment
Crowdfunding and a new listed fund are in the pipeline at Papua New Guinea’s stock exchange, PNGX, as it looks at new ways of grow the country’s capital markets and encourage SMEs.
Santos and Oil Search agree to merge
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13 Sep 2021 by Leave a Comment
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
In brief: Due diligence starts on Santos/Search merger
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10 Aug 2021 by Leave a Comment
Santos and Oil Search potential merger advances, Twinza Oil wants Pandora gas fields license announced before the Pasca A agreement, and funding for Pacific fisheries. PNG business news in brief.
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