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Mining/petroleum

Kula Gold negotiating finance as it prepares to develop gold mine on Woodlark Island

16 Jul 2014 by 2 Comments
Australian-based Kula Gold says the granting of a mining lease to develop its Woodlark Island Gold Project is a ‘milestone’, for both itself and the Papua New Guinea Government. The next step is to confirm financing for the project, Kula's Chief Executive Officer Stuart Pether tells Business Advantage PNG.
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Changes to Papua New Guinea’s constitution regarding state ownership of hydrocarbons and minerals

10 Jun 2014 by Leave a Comment
The Papua New Guinea Government has tabled in Parliament its proposed changes to the country's constitution, reflecting the state’s ownership of hydrocarbons and minerals. Vaughan Mills and Sarah Kuman analyse the implications of these amendments.
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LNG gives Oil Search Limited a strong cashflow for next 20 years: Botten

21 May 2014 by Leave a Comment
With shipments of gas from the PNG LNG project under way, Business Advantage PNG talks exclusively to Peter Botten, CEO of venture partner Oil Search Limited, about the future of Papua New Guinea’s largest company and hydrocarbons in PNG.
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National Petroleum Company aims to deliver long-term benefits, says Kramer

21 May 2014 by Leave a Comment
As the PNG LNG project enters its operational phase, Frank Kramer, Chairman of the National Petroleum Company of Papua New Guinea (which will hold and manage the government’s 16.8% stake) outlines his vision for managing the country’s hydrocarbon assets.
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Stanley gas project targets production in 2016

8 May 2014 by 4 Comments
After a two-year wait for government approval, the Stanley gas project joint venture is about to enter its construction phase. There's also a second, even bigger, project in the offing, according to Horizon Oil's senior representative in Papua New Guinea.
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