Mining/petroleum

Oil Search’s shareholders vote overwhelmingly to merge with Santos

7 Dec 2021 by Business Advantage PNG 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.
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Papua New Guinea government and Barrick sign ‘commencement agreement’ for restart of Porgera mine

18 Oct 2021 by Business Advantage PNG Leave a Comment

A 'commencement agreement' has been hailed by Papua New Guinea's government and Barrick Niugini as a 'crucial step' in the process of reopening the country's largest gold mine. Business Advantage PNG considers what still needs to happen for the mine to return to productivity.
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Papua New Guinea’s P’nyang LNG project: what we know so far

13 Oct 2021 by Business Advantage PNG 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.
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Fabrication of Papua New Guinea’s new gas projects could be done in-country

29 Sep 2021 by David James 3 Comments

A new fabrication facility being planned to support the next wave of gas projects in Papua New Guinea could create as many as 15,000 jobs and enable Papua New Guinea to compete for regional work, according to Wapu Sonk, Managing Director of Kumul Petroleum.
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Santos and Oil Search agree to merge

13 Sep 2021 by Business Advantage PNG 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.
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Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

9 Sep 2021 by Business Advantage PNG 2 Comments

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.
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ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations

25 Aug 2021 by Gabriella Munoz 2 Comments

After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P'nyang gas project.
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Newcrest Mining posts record profit

23 Aug 2021 by Business Advantage PNG Leave a Comment

Papua New Guinea's largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.
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Oil and gas: a risky business [opinion]

17 Aug 2021 by Ian Thom 1 Comment

How can investors evaluate the changing oil and gas risk landscape? And what does it mean for valuations? Ian Thom, Director, Middle East Upstream Research, Wood Mackenzie, explains.
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Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil

11 Aug 2021 by Business Advantage PNG 3 Comments

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.
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From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]
Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]

Mining/petroleum

Oil Search’s shareholders vote overwhelmingly to merge with Santos

Papua New Guinea government and Barrick sign ‘commencement agreement’ for restart of Porgera mine

Papua New Guinea’s P’nyang LNG project: what we know so far

Fabrication of Papua New Guinea’s new gas projects could be done in-country

Santos and Oil Search agree to merge

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations

Newcrest Mining posts record profit

Oil and gas: a risky business [opinion]

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

Editor’s picks

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

Report from the 2024 Papua New Guinea Investment Conference

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