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.
Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil
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11 Aug 2021 by 3 Comments
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.
People moves: Oil Search, NZTE
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9 Aug 2021 by Leave a Comment
Oil Search elects a new EVP Group Finance (Acting) and New Zealand Trade and Enterprise (NZTE) welcomes a Trade Commissioner to the Pacific.
Papua New Guinea’s Digital Government Bill to herald in major e-government reforms
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4 Aug 2021 by 1 Comment
With the Digital Government Bill scheduled to be presented to Papua New Guinea’s Parliament this month, Steven Matainaho, Secretary of Department of Information and Communication Technology, provides a glimpse of what eGovernment in PNG could look like.
In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories
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4 Aug 2021 by 1 Comment
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.
People moves: NCSL, PNG Air, Paradise Foods, PNGX
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4 Aug 2021 by Leave a Comment
The Nasfund Contributors Savings and Loan Society (NCSL) welcomes an Independent Director, PNG Air announces new Chairman and Deputy Chairman, Paradise Foods elects Interim Group CEO and PNGX appoints a General Manager.
Santos and Oil Search agree terms for merger: what’s next?
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2 Aug 2021 by 3 Comments
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
In brief: ICCC says changes to electricity supply industry may affect Papua New Guinea’s electricity access goals
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28 Jul 2021 by Leave a Comment
The ICCC Commissioner issues warning about ‘complete chaos’ with the National Electricity Authority Act, Treasurer gives hope to potential overseas workers, and Nasfund opens a service centre in Maprik. The business news you need today.
People moves: Capital Insurance Group, Coffee Industry Corporation
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28 Jul 2021 by Leave a Comment
The Capital Insurance Group announces Acting CEO and the Coffee Industry Corporation welcomes a new Board Chairman.
ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets
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27 Jul 2021 by Leave a Comment
In an interim determination, Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac’s remaining assets in the Pacific.
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