Concept for Papua New Guinea’s second LNG project set for June release, says Total’s MD

Welcome,

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

Welcome,

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

Welcome,

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.

Five questions for: Andrew Barry, new Managing Director, ExxonMobil PNG

Welcome,

Papua New Guinea’s PNG LNG project has a new leader: Andrew Barry. ExxonMobil PNG’s new Managing Director speaks exclusively to Business Advantage PNG about the future of PNG’s largest resources project and the impact of lower global gas prices.

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

Welcome,

Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.

What we’ve learned in Papua New Guinea: ExxonMobil’s departing MD reflects

Welcome,

With construction and first shipment of gas completed ahead of time, the giant ExxonMobil-led PNG LNG project has proven Papua New Guinea is a viable place to carry out major resources projects. In this exclusive valedictory interview with Business Advantage PNG, outgoing ExxonMobil PNG Managing Director Peter Graham reflects on the lessons learned.

In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories

Welcome,

PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.

People moves: ExxonMobil, Ok Tedi Mining, Pacific Fisheries Commission, Ministry of Transport

Welcome,

A new MD at ExxonMobil, a new CEO for Ok Tedi Mining, a new head at the Pacific Fisheries Commission and an interim director within the Ministry of Transport

Five things we took home from the Papua New Guinea Mining and Petroleum Investment Conference

Welcome,

In spite of the recent worldwide slump in commodity prices, numbers were strong at this week’s 13th Papua New Guinea Mining and Petroleum Investment Conference in Sydney. Business Advantage PNG examines why.

In brief: Deal to purchase Motukea for port relocation signed, and other business stories

Welcome,

State Solicitor refuses approval for purchase of Motukea island land for port relocation, Confusion over Ok Tedi compensation payments, report says PNG state-owned enterprises under performing compared to Pacific counterparts. Your weekly digest of the latest business news.