Horizon Oil has announced that it is selling its assets to its co-venturer Arran Energy and pulling out of Papua New Guinea. The prospect of a weak oil price may be to blame, according to one analyst.
Blame it on oil and gas prices? Horizon Oil leaves Papua New Guinea
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9 Nov 2020 by 1 Comment
P’nyang project cost competitive and still likely to go ahead, say analysts
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3 Feb 2020 by Leave a Comment
What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.
Papua New Guinea’s gas will be in strong demand says resource analyst
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31 Jul 2018 by Leave a Comment
Demand from the Asian region for natural gas will ensure that Papua New Guinea’s LNG industry remains robust in the medium term, David Lennox, xxz tells Business Advantage PNG. He says growing tensions about trade barriers may be beneficial for the country.
Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts
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6 Mar 2018 by 2 Comments
The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.
Oil Search share sale represents a win for Papua New Guinea, says analyst
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27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst
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27 Jun 2017 by 1 Comment
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.
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