People moves: Twinza Oil

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Twinza Oil welcomes a new Chairman to its Board.

In brief: Barrick executives visit Papua New Guinea and other business stories

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Barrick’s CEO Mark Bristow is in Papua New Guinea to advance Porgera talks, K92 Mining announces expansion, and Eastern Highlands Province in lockdown. The business news you need today.

In brief: Papua New Guinea businesses owed two billion kina in GST refunds and other business stories

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Business owed K2 billion in GST refunds, Internal Revenue Commission to launch online tax payments and new Twinza Oil chairman to travel to Papua New Guinea. Your digest of the latest business news.

In brief: Papua New Guinea’s Prime Minister talks about Wafi-Golpu and other business stories

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Air Niugini announces restrictions to travel to Sydney, Prime Minister Marape says Wafi-Golpu could be expected in December and Twinza Oil gets an ultimatum. The business new you need today.

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

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Awarding the Pandora gas field license to Papua New Guinea’s oil & gas national company spells potential significant changes to the way licenses are granted in the country.

In brief: K92 Mining strikes gold and other business stories

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K92 Mining announces high-grade mineralisation in Judd vein deposit, SP Brewery new product launch, and Twinza Oil still waiting on final agreement for Pasca A. The business news you need today.

In brief: ‘historic’ green energy agreement between PNG and Fortescue Minerals and other business stories

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Fortescue and Papua New Guinea Government sign landmark agreement to venture into green energy productions, the Bank of PNG flags two new projects and Minister apologises over Pasca A negotiations. The business news you need today.

Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil

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The progress of Twinza Oil’s US$2.4 billion (K8.42 billion) Pasca A offshore gas project in Papua New Guinea has again stalled, following a draft gas agreement from the government which the developer claims ‘bears no resemblance’ to the terms it agreed last month.

In brief: Due diligence starts on Santos/Search merger

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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.

In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories

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The Internal Revenue Commission’s potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG’s proposed acquisition of PNG Air rejected again. The business news you need to know today.