Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
Papua New Guinea participates in a global transparency initiative for the resources industries
Welcome,
24 Feb 2016 by Leave a Comment
In brief: Santos aims to improve balance sheet by raising funds, and other business stories
Welcome,
11 Nov 2015 by Leave a Comment
Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.
In brief: Redundancies at Petromin Papua New Guinea after oil price slump, and other business news.
Welcome,
23 Sep 2015 by Leave a Comment
Redundancies at Petromin Holdings ahead of restructure, LNG price slump may go further, and Santos confident its share price will rise. Your weekly digest of the latest business news.
In brief: promise to complete key highway within 30 months and other business stories
Welcome,
12 Mar 2015 by
PM promises to upgrade Gulf-Southern Highlands Highway, a ban on foreigners buying land, and a possible chocolate factory for East Sepik. Your weekly digest of the latest business news.
Nautilus targets Solwara 1 production in three years
Welcome,
30 Jan 2015 by Leave a Comment
After overcoming several delays, development of Nautilus Minerals’ deep sea copper-gold mining project, Solwara 1, has taken significant steps forward in recent months. Business Advantage PNG talks with Nautilus Chief Executive Officer Michael Johnston about the world-first project.
Nautilus Minerals looks across the Pacific after securing Papua New Guinea undersea mining deal
Welcome,
30 Apr 2014 by 3 Comments
Canadian mining company Nautilus Minerals will accelerate its range of seabed mining projects across the Pacific, after finally signing a US$120 million (K336 million) agreement with the Papua New Guinea government to develop its Solwara 1 mining project in the Bismarck Sea.
InterOil teams up with Total to develop Papua New Guinea’s second LNG project
Welcome,
11 Dec 2013 by 10 Comments
InterOil Corporation has announced it is teaming up with France’s Total S.A. to develop Papua New Guinea’s second LNG gas project at the Elk and Antelope fields in Gulf Province. How will the new project fit into PNG’s existing LNG landscape?
People moves: Petromin/AusAid
Welcome,
10 Apr 2013 by
Petromin’s CEO resigns and a new economist joins AusAid
PM O’Neill flags major restructure of Papua New Guinea’s state-owned assets
Welcome,
10 Apr 2013 by
Papua New Guinea’s Prime Minister, Peter O’Neill, has confirmed the government will restructure the country’s interests in oil, gas and mining resources into two separate mining and petroleum companies. All other state-owned enterprises will be absorbed into a third holding company.
Gas and petroleum: the year of heavy lifting
Welcome,
1 May 2012 by 1 Comment
Papua New Guinea’s oil and gas sector continues to attract new entrants as its ExxonMobil-led PNG LNG liquefied natural gas project moves inexorably towards a production stage. Papua New Guinea is highly prospective for oil and gas, with deposits being found across its Highlands provinces, Foreland Basin and even beneath the Gulf of Papua. The […]
USD 0.251
AUD 0.3939
GBP 0.1966
EUR 0.2385
NZD 0.4333
JPY 38.07
SGD 0.3368
Recent readers’ comments