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Monday
2 February 2015
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   TODAY'S STORIES
 
OIL AND GAS 
POM fuel shortage


DISRUPTIONS to Port Moresby’s fuel supply has affected electricity generation and caused undue hardship for the city’s businesses and residents.
Full Story...


MORE OIL AND GAS

Oil Search flags cuts as it reviews its review


Pacific nations philosophical on oil slump


Nama-1 well ‘uncommercial’


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MINING 
Oceana beats 2014 guidance


RECORD production from the Didipio mine and a strong performance from the New Zealand operations helped OceanaGold beat its 2014 production guidance.
Full Story...


MORE MINING

Record for St Barbara at Leonora


Anglo set to move on Star Mountains


Copper sinks to new lows


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MARKET WATCH 
Investors head back to gold, while Medusa production rises


Investors are being enticed back into gold after spurning the precious metal for the past two years, according to Bloomberg.
Full Story...


MORE MARKET WATCH

No upside potential for copper: Moody’s


POM fuel shortage


Oil Search flags cuts as it reviews its review


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COMPANY WATCH 
Horizon hedges its bets


ASIA-focused company Horizon Oil has finished out the December quarter in an enviable position, with its hedging leaving it with a strong cash balance and time to catch its breath.
Full Story...


MORE COMPANY WATCH

Santos keeps on truckin’


Cue not sure of NZOG intentions


New Guinea Energy’s exploratory quarter


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REGIONAL WATCH 
Pertronas awards contract to JGC


MALAYSIA’S state-owned energy company Petronas has awarded and engineering, procurement, construction and commissioning contract to expand its LNG complex in Bintulu, Sarawak, to Japanese company JGC Corporation, according to Worldoil.com.
Full Story...


MORE REGIONAL WATCH

Indonesian upstream environment ‘unattractive’


Aussies recognised for services to mining


Oceana beats 2014 guidance


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ECONOMY 
PMIZ opportunity for province and fisheries


MADANG Province would benefit from spin-off activities from the Pacific Marine Industrial Park (PMIZ) currently under construction.
Full Story...


MORE ECONOMY

Freight subsidy for coffee


Power defaulters named


GRI ponders future of sustainability reporting


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PNG LNG 
Test period ends for PNG LNG


THE PNG LNG project’s 120-day operational test period has successfully been concluded – one of several tests required and an important milestone towards satisfaction of the financial completion tests set forth in the project’s financing arrangements.
Full Story...


MORE PNG LNG

PNG LNG aims for third train


Early dividend from NPCP


New carrier for PNG LNG


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Investors head back to gold, while Medusa production rises


Investors are being enticed back into gold after spurning the precious metal for the past two years, according to Bloomberg.
Full Story...


No upside potential for copper: Moody’s


MOODY’S Investors Service is expecting copper to sit below $US3 per pound for the rest of 2015.
Full Story...


POM fuel shortage


DISRUPTIONS to Port Moresby’s fuel supply has affected electricity generation and caused undue hardship for the city’s businesses and residents.
Full Story...

Oil Search flags cuts as it reviews its review


OIL Search thought it had its bases covered when it stress-tested its cash flow analysis for lower oil prices last October, but the 40% plummet in oil prices in the December quarter has forced the company to re-examine its 2015 capital expenditure review.
Full Story...


New chapter for St Barbara


ST BARBARA delivered a strong financial quarter to end 2014, increasing its cash balance and prompting the company’s managing director to declare the beginning of a new chapter in the company’s history.
Full Story...


Tuna processing plant for Lae


A NEW tuna processing plant in Lae is scheduled to be completed and fully operational by September, according to National Fisheries Authority managing director John Kasu.
Full Story...


PNG LNG cargoes to skyrocket


PNG LNG project operator ExxonMobil expects more than 90 cargoes to be loaded at Papua New Guinea’s first export plant this year.
Full Story...


PMIZ opportunity for province and fisheries


MADANG Province would benefit from spin-off activities from the Pacific Marine Industrial Park (PMIZ) currently under construction.
Full Story...


Regional cooperation discussed


DEVELOPMENT issues and Manus Island were among the topics discussed when PNG Prime Minister Peter O’Neill met his Australian counterpart in Canberra on Monday.
Full Story...


Horizon hedges its bets


ASIA-focused company Horizon Oil has finished out the December quarter in an enviable position, with its hedging leaving it with a strong cash balance and time to catch its breath.
Full Story...


Pertronas awards contract to JGC


MALAYSIA’S state-owned energy company Petronas has awarded and engineering, procurement, construction and commissioning contract to expand its LNG complex in Bintulu, Sarawak, to Japanese company JGC Corporation, according to Worldoil.com.
Full Story...


Indonesian upstream environment ‘unattractive’


COMMERCIAL intelligence firm Wood Mackenzie said exempting oil and gas exploration from Indonesia’s ‘land and building tax’ could stimulate the country’s upstream sector.
Full Story...


Santos keeps on truckin’


“NOTWITHSTANDING the fall in oil prices, Santos has delivered growth in full-year and quarterly production, and record sales revenue,” Santos managing director and CEO David Knox has said.
Full Story...


Aussies recognised for services to mining


THREE Australians were acknowledged yesterday in the Australia Day 2015 Honours List for services to the mining industry.
Full Story...


Cue not sure of NZOG intentions


CUE Energy chairman Geoffrey King has sent a letter to shareholders advising them that he is still not sure of the intentions of recent substantial shareholder New Zealand Oil and Gas.
Full Story...


New Guinea Energy’s exploratory quarter


NEW Guinea Energy has reported $1.02 million cash on hand at the end of the December quarter, down from $1.04 million after it spent the period extending its licence terms and preparing for seismic work.
Full Story...





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