Santos has acquired a 13.5 per cent interest in the P’nyang natural gas field in the PNG LNG project in Papua New Guinea. Analysts are generally bullish on the move, saying the company now has a strong balance sheet and is set to meet its production targets.
Search Results for: Papua LNG
Santos to become a stakeholder in the P’nyang natural gas field project
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22 May 2019 by Leave a Comment
People Moves: Cabinet reshuffle, Kina Petroleum, South Pacific Tourism Organisation, ANGAU Hospital
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14 May 2019 by Leave a Comment
Papua New Guinea’s Prime Minister appoints four new ministers, Kina Petroleum elects a new Chief Operations Officer – Upstream and LNG, South Pacific Tourism Organisation appoints Chairman and ANGAU Memorial General Hospital welcomes a new Chief Executive CEO.
New players set to almost double Port Moresby’s power generation capacity
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27 Mar 2019 by 1 Comment
Port Moresby’s electricity generation capacity is set to almost double, with the advent of two new independent power producers, Dirio Gas & Power and NiuPower. For the first time, gas will be used for domestic power supply in Papua New Guinea—but challenges remain.
In Brief: Funding for the Gulf to Southern Highlands Highway missing link and other business stories
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13 Mar 2019 by Leave a Comment
The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.
Frieda River mine expands into Sepik Development Project
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11 Feb 2019 by 3 Comments
The US$8 billion (K26.5 billion) Sepik Development Project at Frieda River will create ‘a new economic corridor’ in PNG’s northwest. Developer PanAust is suggesting it could give employment to about 5000 people during construction and increase Papua New Guinea’s GDP by K90 billion over 40 years.
In brief: US$8 billion Frieda River feasibility study released and other business stories
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11 Dec 2018 by Leave a Comment
Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.
In brief: Lihir most productive mine in PNG, and other business stories
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4 Dec 2018 by Leave a Comment
Lihir most productive mine, apprentice of the year named, and a public-private partnership for power in Hela. Your weekly digest of the latest business news. Lihir Gold Mine in the New Ireland Province has topped the mining sector in the country as the most productive mine, according to Mining Minister Johnson Tuke. ‘In 2017, it […]
In brief: A PPP venture mooted for Hela Province, and other business news
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21 Aug 2018 by Leave a Comment
A PPP agricultural venture mooted for Hela Province, first rice harvest from Morobe farm, and Rami Nicu leading the industry in red laterite development. Your weekly digest of the latest news.
Prime Minister O’Neill leads stellar line-up for next week’s investment conference in Brisbane
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1 Aug 2018 by 2 Comments
All eyes will be on Brisbane August 6 and 7, when Papua New Guinea presents its investment credentials to an audience of domestic and international investors. We preview the 2018 Business Advantage Papua New Guinea Investment Conference.
In brief: Government seeks more revenue from fishing, and other business stories
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24 Jul 2018 by Leave a Comment
Government to seek more revenue from fishing, three provinces to be granted autonomous status and the Government claims the right to acquire land for the Highlands Highway construction work. Your weekly digest of the latest business news.
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