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Tuesday
21 October 2014
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   TODAY'S STORIES
 
OIL AND GAS 
Fatal plunge kills two Malaysian rig workers


TWO workers have died after falling 35m off the Ensco 105 Jackup rig, according to Malaysian press reports.
Full Story...


MORE OIL AND GAS

Spot LNG rises


InterOil jumps amid Woodside rumblings


Santos battles low oil prices


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MINING 
Frontier kicks off PNG drilling


FRONTIER Resources has kicked off drilling at the company’s high-grade gold prospect in Papua New Guinea.
Full Story...


MORE MINING

CGI recommends ‘no’ vote for Newcrest directors


Coppermoly renegotiates ‘beneficial’ changes to Barrick deal


Kula in trading halt


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MARKET WATCH 
InterOil jumps amid Woodside rumblings


INTEROIL’s shares jumped to a session high yesterday amid speculation the Papua New Guinea-focused company may be a takeover target for Woodside Energy.
Full Story...


MORE MARKET WATCH

Santos battles low oil prices


Moody’s flags PNG competitive advantage for Sime Darby


PNG in airport talks with ExxonMobil


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PROJECT WATCH 
Coppermoly renegotiates ‘beneficial’ changes to Barrick deal


PAPUA New Guinea explorer Coppermoly has further renegotiated its deal with Barrick Gold to delay the final payment on three exploration licences until after first commercial production.
Full Story...


MORE PROJECT WATCH

Zeta request denied by Cue


Crater gets environment permit


More high-grade gold results from Crater


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COMPANY WATCH 
News Wrap


IN THIS morning’s News Wrap: Gas price fears re-emerge; New South Wales eclipses Western Australia in bank report; and BP restarts half Iran-owned North Sea field.
Full Story...


MORE COMPANY WATCH

Zeta request denied by Cue


Malaysia multinational in PNG takeover offer


Newcrest lowers costs


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REGIONAL WATCH 
Fatal plunge kills two Malaysian rig workers


TWO workers have died after falling 35m off the Ensco 105 Jackup rig, according to Malaysian press reports.
Full Story...


MORE REGIONAL WATCH

Spot LNG rises


News Wrap


News Wrap


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ECONOMY 
Supply-demand basics to move industrial metals


INDONESIA’S ban on unprocessed metal exports may finally begin to significantly impact prices in the first quarter of 2015, according to Natixis.
Full Story...


MORE ECONOMY

PNG expands European economic engagement


Vital signs


PNG and South Korea deepen economic relations


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PNG LNG 
InterOil jumps amid Woodside rumblings


INTEROIL’s shares jumped to a session high yesterday amid speculation the Papua New Guinea-focused company may be a takeover target for Woodside Energy.
Full Story...


MORE PNG LNG

Santos battles low oil prices


PNG in airport talks with ExxonMobil


World Bank expects slower growth in developing east Asia Pacific


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POMSoX 
Buyback for BSP


THE Bank of South Pacific has increased the maximum quantity threshold of its share buyback scheme.
Full Story...




 


Fatal plunge kills two Malaysian rig workers


TWO workers have died after falling 35m off the Ensco 105 Jackup rig, according to Malaysian press reports.
Full Story...


Manus security improved, says O’Neill


PAPUA New Guinea Prime Minister Peter O’Neill has reassured Australian counterpart Tony Abbott that measures have been taken to improve security and management of processing at the Manus Island detention centre.
Full Story...


Frontier kicks off PNG drilling


FRONTIER Resources has kicked off drilling at the company’s high-grade gold prospect in Papua New Guinea.
Full Story...

CGI recommends ‘no’ vote for Newcrest directors


PROXY advisor CGI Glass Lewis has recommended Newcrest Mining shareholders vote against the re-election of two directors next week due to the company’s breach of continuous disclosure obligations last year.
Full Story...


PNG MP guilty of fraud


A PAPUA New Guinea MP has been found guilty of charges of fraud and corruption.
Full Story...


Heinz to axe PNG jobs


FOOD producer Heinz Watties has confirmed more than 240 jobs will be lost in Australia, New Zealand and Papua New Guinea under plans to make the US-based company more efficient.
Full Story...


Sporting opportunity


PAPUA New Guinea’s biggest sporting event is heading to the nation’s industrial capital this November. Marisa Howden reports from Lae.
Full Story...


Miner killed at Medusa’s Co-O


MEDUSA Mining has reported that a fatal accident occurred at its flagship Co-O gold mine in the Philippines Wednesday evening.
Full Story...


Spot LNG rises


SPOT LNG prices for November delivery to Asia increased 12.4% month over month to average $US14.42 ($A16.49) per million British thermal units, Platts’ latest Japan/Korea Marker for month-ahead delivery revealed on Friday.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Gas price fears re-emerge; New South Wales eclipses Western Australia in bank report; and BP restarts half Iran-owned North Sea field.
Full Story...


InterOil jumps amid Woodside rumblings


INTEROIL’s shares jumped to a session high yesterday amid speculation the Papua New Guinea-focused company may be a takeover target for Woodside Energy.
Full Story...


Santos battles low oil prices


SANTOS has been able to partially offset lower realised oil prices in today’s September quarter with higher sales volumes, as the successful PNG LNG project ramp-up has led to the company’s highest quarterly production in seven years – 14 million barrels of oil equivalent, 9% above the previous quarter.
Full Story...


Moody’s flags PNG competitive advantage for Sime Darby


MOODY’S investor services says a takeover over by Sime Darby Plantation to acquire Papua New Guinea firm New Britain Palm Oil would widen the company’s competitive advantage.
Full Story...


PNG in airport talks with ExxonMobil


PAPUA New Guinea’s state government is finalising discussions with ExxonMobil PNG to use Komo Airport.
Full Story...


News Wrap


IN TODAY'S News Wrap: Woodside, Santos eye Apache assets; crude price decline is targeting shale competition; Nippon Steel stresses need for fossil fuel; and Chesapeake’s $US5.37 billion ($A6.1 billion) shale sale.
Full Story...


Oil prices to hit North American pipeline projects


PLUMMETING oil prices have basically cancelled out the raison d’etre for construction of a series of major pipeline projects across North America, CIBC World Markets’ former chief economist Jeffrey Rubin said.
Full Story...





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