Prime Minister O’Neill to respect court’s decision, Bougainville Copper assesses draft mining bill, and Papua Mining raises exploration funds. Your weekly digest of the latest business news.
In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories
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25 Jun 2014 by
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
In brief: O’Neill seeking review of Ombudsman’s order to freeze Oil Search loan deal, and other business stories
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4 Jun 2014 by Leave a Comment
O’Neill seeks judicial review of Ombudsman’s direction to freeze loan for Oil Search shares, Treasurer predicts annual K10 billion boost from LNG, and food labelling must now be in English. Your weekly digest of the latest business news.
ROC Oil determined to enter Papua New Guinea with Horizon merger
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29 May 2014 by Leave a Comment
Australia’s ROC Oil is pushing ahead with its move into Papua New Guinea through a merger with Horizon Oil, one of the companies behind the Stanley gas project in Western Province.
Stanley gas project targets production in 2016
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8 May 2014 by 4 Comments
After a two-year wait for government approval, the Stanley gas project joint venture is about to enter its construction phase. There’s also a second, even bigger, project in the offing, according to Horizon Oil’s senior representative in Papua New Guinea.
Stanley gas project approved in Papua New Guinea
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16 Apr 2014 by 4 Comments
The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
In brief: Boost for roads and agriculture, tax review paper released, rubber production halts
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16 Apr 2014 by Leave a Comment
World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.
Where is Papua New Guinea’s next LNG project?
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4 Sep 2013 by 6 Comments
With the ExxonMobil-led PNG LNG project ‘more than 90% complete’ and due to start exports in the second half of 2014, what are the chances of additional LNG projects for PNG? Business Advantage PNG considers the candidates.
Mining and petroleum in Papua New Guinea face contrasting fortunes, says Chamber head
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27 Nov 2013 by
Next week’s Papua New Guinea Mining and Petroleum Seminars in Port Moresby will highlight the increasing divergence in fortunes of PNG’s mining and petroleum sectors, according to Greg Anderson, Executive Director of the Papua New Guinea Chamber of Mines and Petroleum.
Osaka Gas becomes third Japanese company to buy into Papua New Guinea gas
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28 May 2013 by
Japanese investment in Papua New Guinea’s gas resources has increased, with Japan’s second largest gas company buying a 40% stake in Australia’s Horizon Oil, which has an interest in several PNG petroleum leases.
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