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Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

14 Sep 2021 by Business Advantage PNG 7 Comments

It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea.
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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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IFC looking at investment opportunities ‘even more actively’ in Papua New Guinea, says new country head

3 Sep 2021 by Business Advantage PNG 1 Comment

Markus Scheuermaier is the International Finance Corporation's (IFC) new Resident Representative in Papua New Guinea. He shares his thoughts on how the IFC can make the most difference in PNG with Business Advantage PNG.
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Prime Minister to open Papua New Guinea’s prestigious international investment conference

3 Sep 2021 by Business Advantage PNG Leave a Comment

Papua New Guinea’s Prime Minister, the Hon. James Marape MP, will make the opening address at the 2021 Business Advantage Papua New Guinea Investment Conference on the morning of Tuesday 7 September.
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New grant seeks to develop better climate solution for Papua New Guinea & the Pacific

1 Sep 2021 by David James Leave a Comment

A new opportunity has emerged for private and public organisations in Papua New Guinea and the Pacific seeking funds to develop new projects to mitigate climate change.
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Kina Bank reports rise in net profits for first half of the year

1 Sep 2021 by Business Advantage PNG 1 Comment

Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year. The results suggest the bank is successfully weathering the impact COVID-19 pandemic.
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Fortescue’s pivot towards renewable energy

25 Aug 2021 by Business Advantage PNG 1 Comment

Why is Fortescue Metals Group, which makes most of its income from iron ore sales, looking at renewable energy projects in Papua New Guinea and other parts of the world?
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What is Fortescue Metals Group doing in Papua New Guinea?

25 Aug 2021 by Business Advantage PNG 2 Comments

Earlier this month, Papua New Guinea's government announced a 'deed of agreement' with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
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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 […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]

Sections

Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

Santos and Oil Search agree to merge

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

IFC looking at investment opportunities ‘even more actively’ in Papua New Guinea, says new country head

Prime Minister to open Papua New Guinea’s prestigious international investment conference

New grant seeks to develop better climate solution for Papua New Guinea & the Pacific

Kina Bank reports rise in net profits for first half of the year

Fortescue’s pivot towards renewable energy

What is Fortescue Metals Group doing in Papua New Guinea?

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

Editor’s picks

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

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

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