A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.
InterOil to ‘strongly defend’ Elk-Antelope deal with Total
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2 Apr 2014 by Leave a Comment
InterOil says it will strongly defend the recent deal it signed with French oil company Total SA involving the Elk-Antelope gas fields Gulf Province.
Elk/Antelope gas fields: what’s really going on?
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5 Mar 2014 by Leave a Comment
The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.
In brief: competition concerns over Oil Search, Bougainville mine and a review of bank charges
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19 Feb 2014 by Leave a Comment
Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
In brief: PNGSDP divests assets, a new trade treaty with Australia and Bougainville to export copra oil
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12 Feb 2014 by Leave a Comment
PNGSDP begins divesting assets, a new trade treaty with Australia and Bougainville prepares to export copra oil. Your weekly digest of the week’s business news.
In brief: Papua New Guinea government to sell 50% stake in Air Niugini and other stories
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5 Feb 2014 by
The Papua New Guinea Government plans to sell its 50% in Air Niugini, PNG Power calls for overseas power investors and tuna industry threatened. Your weekly digest of the week’s business news.
Oil Search records US$175.8m profit
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12 Mar 2013 by Leave a Comment
Oil and gas exploration and production company, Oil Search, has reported a US$175.8 m profit in its preliminary annual results, a 13% fall on last year, which the company attributes to high exploration expenses.
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