Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
In brief: Dirio Gas and Power project launched and other business stories
Welcome,
23 Nov 2020 by Leave a Comment
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
In brief: Wafi-Golpu closes in on environmental permit and other business stories
Welcome,
26 Oct 2020 by Leave a Comment
Wafi-Golpu close to environmental permit, Kina Bank to launch capital fund for SMEs and PNG LNG delivers its highest production moment yet despite the COVID-19 pandemic. The business news you need to kickstart your week.
People moves: Kumul Minerals Holdings, City Pharmacy, British American Tobacco PNG, Oil Search, Solomon Brewery
Welcome,
21 Oct 2020 by Leave a Comment
Kumul Minerals Holdings renews its board, City Pharmacy appoints new CEO, British American Tobacco announces head of National Field, change on Oil Search Board and Solomon Brewery welcomes a Supply Chain Manager.
People moves: Kumul Minerals Holdings, ICCC, Karoon Energy
Welcome,
14 Oct 2020 by Leave a Comment
Kumul Minerals Holdings welcomes a Registered Mine Manager, Papua New Guinea’s Independent Consumer and Competition Commission reappoints CEO, and new appointment for Oil Search’s former head.
People moves: Oil Search, Autonomous Region of Bougainville, PNG Air
Welcome,
7 Oct 2020 by Leave a Comment
Oil Search appoints six Independent Committee Members, new cabinet members for the Autonomous Region of Bougainville and PNG Air announces changes at the helm.
In brief: Ok Tedi to reopen in September and other business stories
Welcome,
31 Aug 2020 by Leave a Comment
Australia’s national cabinet has agreed to reopen its Pacific Labour Scheme, Ok Tedi is confident mine to reopen, and concern over COVID-19 funding. The business news you need to kickstart your week.
Papua New Guinea’s proposed new resources law aims to shake up old ownership models
Welcome,
31 Aug 2020 by Leave a Comment
A new organic law defining how Papua New Guinea manages resource projects may soon be tabled in Parliament. It appears the main aim will be to change ownership and control of future projects, but will it spook international investors?
In brief: Oil Search planning strategic review and other business stories
Welcome,
27 Jul 2020 by 1 Comment
Oil Search to undergo a strategic review, Newcrest remains positive about Wafi-Golpu and public consultation on internet pricing. The news you need to kickstart your week.
Business says enough is enough: it’s time to stop violence against women in Papua New Guinea
Welcome,
15 Jul 2020 by Leave a Comment
Papua New Guinea’s business community is getting behind the fight to eradicate violence against women. Business Advantage PNG looks at just some of the initiatives being pursued following the recent widely-reported murder of a young mother in Port Moresby.
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments