Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.
In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories
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29 Apr 2015 by
Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
Opinion: falling LNG revenues require a new strategy for the Papua New Guinea economy
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15 Apr 2015 by 2 Comments
The fall in global oil and gas prices will reduce the Papua New Guinea government’s revenue by at least K1.1 billion in 2016. A new Budget strategy is needed, argue economists Stephen Howe and Paul Flanagan, who suggest a solution may lie in the government selling its Oil Search shares.
In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories
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1 Apr 2015 by Leave a Comment
Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.
In brief: Total to lead Elk-Antelope gas development, and other business stories
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4 Mar 2015 by
Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.
InterOil chief positive about Papua New Guinea’s role as LNG provider, despite oil prices fall
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25 Feb 2015 by 1 Comment
Papua New Guinea is well positioned to benefit from rising LNG demand, despite falling prices, says InterOil Managing Director, Michael Hession.
In brief: Air Niugini expands services with Melanesian partnership, and other business stories
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18 Feb 2015 by
Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.
Concept for Papua New Guinea’s second LNG project set for June release, says Total’s MD
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18 Feb 2015 by 1 Comment
Last week, independent arbitration upheld InterOil’s decision to sell a gross 40% shareholding in the Elk-Antelope LNG project to French super major, Total SA. Total’s Managing Director in PNG, Philippe Blanchard, talks exclusively to Business Advantage PNG about the arbitration result and Total’s plans for the project.
In brief: PNG LNG project reaches ‘financial completion’, and other business stories
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11 Feb 2015 by Leave a Comment
PNG LNG project satisfies financial agreements, PNG Ports profits double, and Indochine Mining raises funds. Your weekly digest of the latest business news.
InterOil win clears way for Total’s participation in Papua New Guinea’s Elk/Antelope gas project
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11 Feb 2015 by 4 Comments
The International Court of Arbitration of the International Chamber of Commerce yesterday dismissed Oil Search’s claims over 40% of the Elk-Antelope gas field in Papua New Guinea’s Gulf Province.
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