How can investors evaluate the changing oil and gas risk landscape? And what does it mean for valuations? Ian Thom, Director, Middle East Upstream Research, Wood Mackenzie, explains.
Blame it on oil and gas prices? Horizon Oil leaves Papua New Guinea
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9 Nov 2020 by 1 Comment
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.
Papua New Guinea needs to remain investor-friendly [opinion]
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15 Jul 2020 by Leave a Comment
Regulatory uncertainty has the potential to deter investors just when Papua New Guinea needs them most, argues Paul Barker, Executive Director of the Institute of National Affairs.
Ripple effects: how the global pandemic is affecting oil and gas in Papua New Guinea
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6 Jul 2020 by Leave a Comment
The COVID-19 crisis has profoundly shaken the global oil and gas industry. With the medium term picture for LNG prices likely to heavily impact PNG’s economy and government finances, Business Advantage PNG looks at the sector’s prospects.
Analysis: amendments to Papua New Guinea’s Mining Act and Oil and Gas Act
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1 Jul 2020 by Leave a Comment
The Parliament of Papua New Guinea has passed a series of amendments targeting the mining, oil and gas industries. Law firm Allens examines the significance of these amendments and the likely next steps.
Fair split: finding an oil and gas model that works in Papua New Guinea
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1 Jul 2020 by Leave a Comment
Papua New Guinea is making changes to its approach to oil and gas projects, suggesting the country gets a worse share of revenues than other comparable nations. John Chambers, General Manager of Santos, considers some of the options used internationally.
Oil and gas prices recover: our monthly review of Papua New Guinea’s commodities and financial markets
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29 Jun 2020 by Leave a Comment
Oil and LNG prices have recovered to some extent and copper has also bounced back. Palm oil prices have strengthened but cocoa is weaker. Business Advantage PNG’s monthly overview of commodity and financial markets.
Oil change: Marape to alter Papua New Guinea’s oil and gas legislation
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15 Jun 2020 by 9 Comments
Prime Minister James Marape has introduced changes to Papua New Guinea’s oil and gas law, claiming it will benefit the country’s ‘national interest’. The changes may well represent a major shift in the way projects are developed in the future.
Oil rebounds, LNG stabilises and palm oil up: our monthly review of Papua New Guinea’s commodities and financial markets
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27 May 2020 by Leave a Comment
The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.
Boardroom briefing: COVID-19 data security risks, oil price goes negative and China’s digital future
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22 Apr 2020 by Leave a Comment
The COVID-19 risks business may not be thinking about, the US oil price is negative for the first time ever and COVID-19 accelerates China’s digital future. Readings from around the world on business, leadership and management.
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