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 change: Marape to alter Papua New Guinea’s oil and gas legislation
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15 Jun 2020 by 9 Comments
What the oil price shock means for Papua New Guinea
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11 Mar 2020 by Leave a Comment
Analysts have contrasting views on the effect of the oil price war between Russia and Saudi Arabia on long-term oil and gas projects in Papua New Guinea. David James considers these, and the likely impact on domestic petrol and diesel prices.
Papua New Guinea government sets ‘walk away’ date for P’nyang negotiations
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22 Jan 2020 by Leave a Comment
ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.
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.
Focus moves to P’nyang agreement after government endorsement of Papua LNG
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2 Oct 2019 by 1 Comment
After the government’s endorsement of the Papua LNG Gas Agreement in September, attention has shifted to achieving a deal for the P’nyang gas project. Its developers see its pending approval as a prerequisite for the commencement of Papua LNG.
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.
In Brief: Santos announces plan to buy into P’nyang natural field gas in Papua New Guinea and other business stories
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20 May 2019 by 1 Comment
Santos to become an stakeholder in the P’nyang natural gas field project, an agreement between five telecom companies seeks to advance digitisation in Papua New Guinea, and upgrades to the Muliama–to–Bakok road due to commence soon. Your weekly digest of business news.
Papua New Guinea’s fiscal regime for resources projects ‘fair,’ says Santos GM
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29 Jan 2019 by Leave a Comment
Papua New Guinea has a ‘fair and reasonable’ fiscal regime for resources when compared with its neighbours Australia and Indonesia, according to John Chambers, General Manager PNG for Santos. He outlines three approaches used around the world to deliver benefits from projects.
‘Encouraging’ gas find likely to boost Papua New Guinea LNG expansion as China locks in long-term contract
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5 Sep 2018 by 1 Comment
Analysis of test results from a potentially new LNG find at the Barikewa-3 well in the Papua New Guinea Forelands is underway but it’s too early to say how that gas will be commercialised, according to well operator, Oil Search. Meanwhile, the signing of a long-term contract for gas from PNG with China confirms demand for gas from China will continue well into the 2020s.
In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories
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24 Apr 2018 by Leave a Comment
Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
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