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Sunday
29 January 2012
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   TODAY'S STORIES
 
OIL AND GAS 
Condensate project on the horizon
(Friday, 27 January 2012)

HORIZON Oil has conditionally approved a final investment decision on the $US300 million Stanley field gas condensate recovery project it shares with Talisman Energy in Papua New Guinea’s Western province, with first production targeting the end of 2013.
Full Story...


MORE OIL AND GAS

Eaglewood eyes next PNG well


Big year ahead for Oil Search


Horizon adds more PNG acreage


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MINING 
Quarrying under the microscope
(Friday, 27 January 2012)

THE under-regulated quarrying sector in Papua New Guinea is likely to be investigated since the devastating Tari landslide in the Southern Highlands claimed up to 60 lives on Tuesday.
Full Story...


MORE MINING

Exciting times: Indochine


Newcrest warns of Namosi delay


Kingsrose continues to deliver


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MARKET WATCH 
Commodities remain king
(Friday, 27 January 2012)

THE ongoing global commodities boom has been reinvigorated by news the US Federal Reserve wants to maintain its extremely low interest rates for two more years, with copper, nickel and gold spiking accordingly.
Full Story...


MORE MARKET WATCH

Don’t believe the headlines: PNG source


Instability in PNG


Quarrying under the microscope


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REGIONAL WATCH 
Kingsrose continues to deliver
(Wednesday, 25 January 2012)

WITH $A39.2 million in the bank, no debt and the promise of paying an annual dividend to shareholders come June, Kingsrose Mining has once again delivered, churning out record production and low costs in the latest three-month period.
Full Story...


MORE REGIONAL WATCH

Cue eyes Wortel cash


Miners be warned: West Papua is different


Grasberg back on track: Freeport


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PNG LNG 
Shocking landslide: photos
(Wednesday, 25 January 2012)

PNGIndustryNews.net has obtained photos of the landslide near PNG LNG project sites in Papua New Guinea’s Southern Highlands which has claimed an unknown number of lives.
Full Story...


MORE PNG LNG

Come rain or landslide


Landowners 'left out' of PNG LNG


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Commodities remain king
(Friday, 27 January 2012)

THE ongoing global commodities boom has been reinvigorated by news the US Federal Reserve wants to maintain its extremely low interest rates for two more years, with copper, nickel and gold spiking accordingly.
Full Story...


Don’t believe the headlines: PNG source
(Friday, 27 January 2012)

THE failed and so-called “military coup” attempt by a former colonel in Papua New Guinea has been described as a “storm in a teacup” by an industry source.
Full Story...


Instability in PNG
(Friday, 27 January 2012)

BUSINESSES in Papua New Guinea are waiting to see how a political standoff plays out after a retired colonel led 30 soldiers to storm barracks yesterday and place defence force commander Francis Agwi under house arrest.
Full Story...

Quarrying under the microscope
(Friday, 27 January 2012)

THE under-regulated quarrying sector in Papua New Guinea is likely to be investigated since the devastating Tari landslide in the Southern Highlands claimed up to 60 lives on Tuesday.
Full Story...


Condensate project on the horizon
(Friday, 27 January 2012)

HORIZON Oil has conditionally approved a final investment decision on the $US300 million Stanley field gas condensate recovery project it shares with Talisman Energy in Papua New Guinea’s Western province, with first production targeting the end of 2013.
Full Story...


Exciting times: Indochine
(Friday, 27 January 2012)

INDOCHINE Mining has three rigs operating at its Mount Kare gold project in Papua New Guinea to aid the completion of the prefeasibility study due in August.
Full Story...


Eaglewood eyes next PNG well
(Friday, 27 January 2012)

EAGLEWOOD Energy has boosted its exploration coffers through making two farm-out deals over its petroleum prospecting licence 259 – which was home to the Ubuntu gas and condensate discovery in Papua New Guinea’s Western province in early 2011.
Full Story...


Shocking landslide: photos
(Wednesday, 25 January 2012)

PNGIndustryNews.net has obtained photos of the landslide near PNG LNG project sites in Papua New Guinea’s Southern Highlands which has claimed an unknown number of lives.
Full Story...


Landslide at PNG LNG
(Wednesday, 25 January 2012)

A MAJOR landslide near the $US15.7 billion ($A14.97 billion) PNG LNG project in Papua New Guinea yesterday is feared to have claimed lives and halted work.
Full Story...


Big year ahead for Oil Search
(Wednesday, 25 January 2012)

OIL Search’s largest-ever drilling program will aim to prove up more resources for the PNG LNG project and will test whether its acreage in PNG’s Gulf region could support a “standalone” LNG project. The P’nyang South appraisal well is expected to spud shortly.
Full Story...


Horizon adds more PNG acreage
(Wednesday, 25 January 2012)

HORIZON Oil has beefed up its acreage in Papua New Guinea, taking a 25% stake in Eaglewood Energy’s PPL 259 in Western province for $US2.5 million ($A2.38 million), as it considers a possible LNG development in the country.
Full Story...


Newcrest warns of Namosi delay
(Wednesday, 25 January 2012)

ACCESS issues may delay a final feasibility study decision on Newcrest Mining’s proposed Namosi copper-gold development in Fiji until the third quarter, while disruptions at its three core operations have prompted a downgrade of its gold production guidance for 2011-12.
Full Story...


Kingsrose continues to deliver
(Wednesday, 25 January 2012)

WITH $A39.2 million in the bank, no debt and the promise of paying an annual dividend to shareholders come June, Kingsrose Mining has once again delivered, churning out record production and low costs in the latest three-month period.
Full Story...


‘Mixed fortunes’ at Allied
(Wednesday, 25 January 2012)

ALLIED Gold’s total production jumped 65% year-on-year for the December quarter to 31,181 ounces while its 2011 output of 108,338oz was up 55% from 2010. But the Papua New Guinea and Solomon Island gold miner aims to hit full steam this year.
Full Story...


Cue eyes Wortel cash
(Wednesday, 25 January 2012)

CUE Energy Resources ended the last quarter with reduced debt and heightened anticipation as it looks forward to revenue from the Wortel gas field in Indonesia.
Full Story...


The untapped Western frontier
(Monday, 23 January 2012)

FURTHER exploration success in Western Province coupled with government acceptance of floating LNG development could lead to a third, yet unnamed, LNG project in Papua New Guinea. PNG Report talks to key players in the region.
Full Story...





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