Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.
In brief: Papua New Guinea and Australia sign economic partnership agreement and other business stories
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10 Aug 2020 by Leave a Comment
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 Search capital raising: is stake in PNG LNG project up for sale?
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8 Apr 2020 by 6 Comments
Papua New Guinea’s largest company, Oil Search, is proposing to raise US$700 million (K2.4 billion) to strengthen its balance sheet in response to declining oil prices. The company’s stake in the PNG LNG project may also eventually be on the table.
Blast from the past: Papua New Guinea’s economy in 2020
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6 Mar 2020 by Leave a Comment
The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.
Oil Search’s Peter Botten: the exit interview
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4 Mar 2020 by Leave a Comment
The departing Oil Search Managing Director tells Business Advantage PNG he remains positive about Papua New Guinea’s economic future, saying that LNG investment can help fund a stronger, more diversified economy. And he has some parting advice.
LNG’s role in Papua New Guinea’s foreign exchange challenges
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17 Feb 2020 by Leave a Comment
The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?
Will Papua New Guinea slip to the back of the LNG queue?
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12 Feb 2020 by Leave a Comment
The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.
P’nyang project cost competitive and still likely to go ahead, say analysts
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3 Feb 2020 by Leave a Comment
What is likely to happen with the P’nyang gas project? Resources analysts say that it is cost competitive in world terms, and examine some of the options that the players have.
Gas and petroleum in Papua New Guinea: a sector profile
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25 Nov 2019 by Leave a Comment
A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.
Santos to become a stakeholder in the P’nyang natural gas field project
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22 May 2019 by Leave a Comment
Santos has acquired a 13.5 per cent interest in the P’nyang natural gas field in the PNG LNG project in Papua New Guinea. Analysts are generally bullish on the move, saying the company now has a strong balance sheet and is set to meet its production targets.
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