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.
PNG LNG project may prove to be Santos’ saviour as profit slumps 82%
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27 Aug 2015 by Leave a Comment
Corporate organisations build on success of remote Papua New Guinea health initiatives
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24 Jun 2015 by Leave a Comment
Travel times to medical centres in remote parts of Papua New Guinea have been cut from three weeks to as little as three hours as a result of health initiatives introduced by Digicel’s PNG Foundation. Business Advantage PNG spoke to Foundation CEO Beatrice Mahuru to find out how this has been achieved.
In brief: Port Moresby Chamber backs Northern Australia development for Papua New Guinea, and other business stories
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24 Jun 2015 by 1 Comment
Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.
In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories
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17 Jun 2015 by
O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.
Bright spots, but challenges remain for Papua New Guinea’s mining sector
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10 Jun 2015 by Leave a Comment
Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG.
In brief: Papua New Guinea’s rating outlook falls to negative with Moody’s downgrade, and other business stories
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20 May 2015 by
Moody’s lowers Papua New Guinea rating outlook, Australians banned from Bougainville, and PNG to commence free trade talks with China. Your weekly digest of the latest business news.
In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories
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29 Apr 2015 by
Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
Papua New Guinea Business Council members concerned at lack of foreign currency
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24 Mar 2015 by 1 Comment
The President of the Australia–Papua New Guinea Business Council says his members have expressed concern to Prime Minister they are unable to source enough foreign currency.
In brief: Oil Search adapts to changing market conditions, and other business stories
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25 Feb 2015 by Leave a Comment
LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.
Concept for Papua New Guinea’s second LNG project set for June release, says Total’s MD
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18 Feb 2015 by 1 Comment
Last week, independent arbitration upheld InterOil’s decision to sell a gross 40% shareholding in the Elk-Antelope LNG project to French super major, Total SA. Total’s Managing Director in PNG, Philippe Blanchard, talks exclusively to Business Advantage PNG about the arbitration result and Total’s plans for the project.
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