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.
People moves: Kumul Consolidated Holdings (IPBC), Santos, Harmony Gold
Welcome,
11 Nov 2015 by Leave a Comment
Heim leaves Deloitte for Kumul Consolidated Holdings, a new Managing Director for Santos in 2016, and Harmony Gold appoints new CEO.
In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories
Welcome,
28 Oct 2015 by Leave a Comment
Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories
Welcome,
21 Oct 2015 by
Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. 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.
Woodside launches non-binding bid for Oil Search as Papua New Guinea gas attracts attention
Welcome,
8 Sep 2015 by Leave a Comment
Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea’s largest companies, Oil Search Ltd. It’s the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
PNG LNG project may prove to be Santos’ saviour as profit slumps 82%
Welcome,
27 Aug 2015 by Leave a Comment
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.
People moves: Santos, Konebada Petroleum Park Authority, Bank South Pacific, Lynmark Recruitment
Welcome,
27 Aug 2015 by
Santos CEO to step down, the board of Konebada Petroleum Park Authority announced and a new Country Manager for BSP in Solomon Islands, and a former Digicel executive starts a new recruitment company
In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories
Welcome,
19 Aug 2015 by Leave a Comment
Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
Welcome,
15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
USD 0.2489
AUD 0.3954
GBP 0.1992
EUR 0.2385
NZD 0.4399
JPY 38.39
SGD 0.3356
Recent readers’ comments