While we’re still waiting for major projects to commence, some key data is suggesting Papua New Guinea’s economy has turned a corner.
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In brief: ICCC approves Telstra’s acquisition of Digicel and other business stories
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21 Feb 2022 by Leave a Comment
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Oil Search’s shareholders vote overwhelmingly to merge with Santos
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7 Dec 2021 by 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.
In brief: Dirio ready to supply power to Port Moresby by the end of October and other business stories
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27 Oct 2021 by Leave a Comment
Dirio ready to supply power to Port Moresby’s grid, Oil Search revenue and production increases, and two SMEs join forces to host a challenge for Papua New Guinea’s entrepreneurs. The business news you need today.
The ‘Four Horsemen’ of PNG’s economy
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1 Oct 2021 by Leave a Comment
PNG’s Pandemic Controller David Manning’s decision to remove the requirement for international visitors to quarantine on arrival is a significant development if it lasts, making it easier for international business people and skilled workers to come to PNG.
Santos and Oil Search agree to merge
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13 Sep 2021 by 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.
Oil and gas: a risky business [opinion]
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17 Aug 2021 by Leave a 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.
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?
Searching for the green shoots
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16 Jul 2021 by Leave a Comment
For the time being, PNG’s economy appears to be managing its way through the COVID-19 crisis. According the Treasurer Ian Ling-Stuckey in the Final Budget Outcome for 2020, released in the past week, the ‘economic impact of the health crisis remained within our initial estimates.’
In brief: Ok Tedi Mining commences COVID-19 vaccination program and other business stories
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2 Jun 2021 by Leave a Comment
Ok Tedi Mining rolls out its vaccination program, landowners call for the government to move forward Wafi-Golpu and Fishing Industry Association proposes discounts on fishing days. The business news in brief.
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