Canadian mining company Nautilus Minerals will accelerate its range of seabed mining projects across the Pacific, after finally signing a US$120 million (K336 million) agreement with the Papua New Guinea government to develop its Solwara 1 mining project in the Bismarck Sea.
Search Results for: Papua LNG
Nautilus Minerals looks across the Pacific after securing Papua New Guinea undersea mining deal
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30 Apr 2014 by 3 Comments
In brief: two or three new LNG trains coming and other stories
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23 Apr 2014 by Leave a Comment
More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.
Economic update: maintaining momentum in Papua New Guinea
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22 Apr 2014 by 1 Comment
Papua New Guinea’s economy finds itself in a hiatus, ahead of what will be a watershed moment its economic history—delivery of its first gas exports. In his annual appraisal of business conditions in the Pacific nation, Andrew Wilkins talks exclusively to some of PNG’s top executives.
Stanley gas project approved in Papua New Guinea
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16 Apr 2014 by 4 Comments
The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
In brief: Papua New Guinea budget deficit, massive growth and other stories
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9 Apr 2014 by Leave a Comment
A budget deficit for Papua New Guinea but the ADB forecasts massive growth in 2015. Meanwhile, nickel production looks set to rise. The week’s business news in brief.
Opinion: Oil Search loan deal will affect Papua New Guinea’s Sovereign Wealth Fund
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26 Mar 2014 by 1 Comment
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
The finish line for PNG LNG gas project is in sight, says ExxonMobil’s Graham
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4 Mar 2014 by Leave a Comment
As Papua New Guinea’s largest resources project edges closer to completion, Business Advantage PNG speaks exclusively with Peter Graham, the man who has lead the PNG LNG gas project since Day One. In this first of a two-part series, the Managing Director of ExxonMobil PNG provides an update on the project’s progress.
Increased competition in Papua New Guinea construction sector
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19 Feb 2014 by 1 Comment
With the PNG LNG project moving from its construction phase into production, a downturn in Papua New Guinea’s building and construction sector is underway, softened somewhat by the national government’s injection of infrastructure spending. But there’s still plenty of work to be done, as Business Advantage PNG reports.
In brief: Papua New Guinea government to sell 50% stake in Air Niugini and other stories
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5 Feb 2014 by
The Papua New Guinea Government plans to sell its 50% in Air Niugini, PNG Power calls for overseas power investors and tuna industry threatened. Your weekly digest of the week’s business news.
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