Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories
Welcome,
28 Oct 2015 by Leave a Comment
In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories
Welcome,
21 Oct 2015 by
Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.
In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories
Welcome,
30 Sep 2015 by Leave a Comment
Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.
In brief: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories
Welcome,
16 Sep 2015 by Leave a Comment
Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
Woodside launches non-binding bid for Oil Search as Papua New Guinea gas attracts attention
Welcome,
8 Sep 2015 by Leave a Comment
Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea’s largest companies, Oil Search Ltd. It’s the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
Papua New Guinea LNG projects viable, despite low commodity prices, says Oil Search’s Botten
Welcome,
2 Sep 2015 by Leave a Comment
Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.
PNG LNG project may prove to be Santos’ saviour as profit slumps 82%
Welcome,
27 Aug 2015 by Leave a Comment
A founding shareholder in the PNG LNG project, Santos, says it will carry out a ‘full strategic review’ of its operations, after losing more than A$8 billion in market value in the first half of 2015.
Selecting sites for second Papua New Guinea LNG plant ‘difficult’, says Total’s Philippe Blanchard
Welcome,
8 Jul 2015 by Leave a Comment
The selection of the two key sites to develop Papua New Guinea’s Elk Antelope LNG fields was a difficult task, requiring a full set of studies to reach a decision, according to Philippe Blanchard, the Managing Director of Total PNG, the lead operator of the project.
Papua New Guinea’s second LNG processing site to be located near first LNG site
Welcome,
8 Jul 2015 by 17 Comments
The partners in Papua New Guinea’s second LNG plant have chosen Caution Bay as the processing site for the Elk-Antelope project, paving the way for close cooperation with the nearby ExxonMobil PNG LNG venture.
How Papua New Guinea business is supporting the Pacific Games
Welcome,
1 Jul 2015 by 1 Comment
This weekend, the Pacific Games commences in Port Moresby, attracting some 4000 athletes from across the Pacific, with events televised in each of the 24 participating countries. How has Papua New Guinea business made the most of the opportunity? Business Advantage PNG investigates.
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments