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
In brief: Papua New Guinea’s Datec for sale and other business stories
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2 Nov 2020 by 1 Comment
Datec has been put up for tender, Horizon Oil set to leave Papua New Guinea and K92 Mining plans for investment. The business news you need to kickstart your week.
In brief: Horizon Oil clears its name and other business stories
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15 Jun 2020 by Leave a Comment
An investigation has cleared Horizon Oil of any wrongdoings in Papua New Guinea, PNG amends Oil and Gas Act and NASFUND revamps its image. The business news you need to kickstart your week.
People moves: Mainland Holdings, Horizon Oil
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3 Mar 2020 by 1 Comment
Mainland Holdings announces the appointment of a new Non-Executive Director, and a change of CEO at Horizon Oil.
In brief: good news for Wafi-Golpu and other business stories
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17 Feb 2020 by 3 Comments
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
In brief: Russia and PNG to set up mutual embassies, and other business news
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21 Nov 2018 by Leave a Comment
Russia plans to open an embassy in Port Moresby, the Australian Prime Minister announces relaxed visa rules for Pacific nations, and Crystal Kewe, the young app developer, wins a major APEC award.
Papua New Guinea LNG production predicted to double within 10 years, reports Fitch Research
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14 Aug 2018 by Leave a Comment
Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.
In brief: US, Australia and Japan announce new infrastructure fund for the Pacific, and other business stories
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31 Jul 2018 by Leave a Comment
Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.
In brief: O’Neill expects loans of US$790m to ease foreign exchange pressure this year, and other business stories
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28 Mar 2018 by Leave a Comment
Prime Minister O’Neill working on loan to ease foreign exchange pressure, domestic market obligation for future LNG projects, and Western LNG project likely to be stand-alone. Your weekly digest of the latest business news.
Horizon Oil seeks assurance from Kumul Petroleum its Western Pipeline proposal is viable
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24 Oct 2017 by 3 Comments
As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing.
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