In brief: two or three new LNG trains coming and other stories

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More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.

In brief: Boost for roads and agriculture, tax review paper released, rubber production halts

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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.

In brief: Papua New Guinea budget deficit, massive growth and other stories

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A budget deficit for Papua New Guinea but the ADB forecasts massive growth in 2015. Meanwhile, nickel production looks set to rise. The week’s business news in brief.

InterOil to ‘strongly defend’ Elk-Antelope deal with Total

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InterOil says it will strongly defend the recent deal it signed with French oil company Total SA involving the Elk-Antelope gas fields Gulf Province.

Elk/Antelope gas fields: what’s really going on?

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The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.

People moves: Oil Search

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Munro and Kay switch to Oil Search Ian Munro, previously Vice President Commercial and Environment—Browse LNG Development at Woodside Petroleum, will join Oil Search Ltd as Executive General Manager Gas Business Development on 26 August. Munro will be joined by Matt Kay, who will become Oil Search’s new Executive General Manager Commercial in January 2014. Kay was […]

In brief: Government to appeal Ok Tedi ruling, and other stories

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The O’Neill Government to appeal a National Court ruling ordering Ok Tedi to suspend dumping, Fisheries Authority makes K10m available for small business, and Newcrest cash-flow looking positive. Your quick digest of the week’s business news.

Around the world: Sri Lanka praises PNG/Visa talks with Gillard/3rd palm oil investor/Takeover Oil Search/Disruptive technologies

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Sri Lanka praises PNG for not criticising CHOGM venue, PNG’s PM to raise visa issue with Gillard later this week, a 3rd Malaysian company considers investing in PNG’s palm oil industry, a call for Woodside to take over Oil Search and what on earth are ‘disruptive technologies’?

Oil Search records US$175.8m profit

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Oil and gas exploration and production company, Oil Search, has reported a US$175.8 m profit in its preliminary annual results, a 13% fall on last year, which the company attributes to high exploration expenses.

People moves: Oil Search/Deloitte

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New Chair of Oil Search Rick Lee, a former head of Rothschild Australia and a director of Newcrest Mining, has been appointed the new Chairman of Oil Search Limited, replacing Brian Horwood. ‘I would like to acknowledge the outstanding leadership and wise counsel Brian has provided to the Board of Oil Search since his appointment as […]