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Wednesday
4 May 2016
 
 
   TODAY'S STORIES
 
OIL AND GAS 
How PNG will benefit from Oil Search initiatives


PRODUCTION was up but prices were down for Oil Search last quarter, with the Papua New Guinea-focused company witnessing a fall in revenue for March quarter to $404.3 million, a drop of almost $40 million from the December quarter due a fall in the oil price of around 20%. Haydn Black reports.
Full Story...


MORE OIL AND GAS

PNG women head for business training in Indonesia


Gallagher on the right track


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MINING 
$800M ferronickel plant deal for Indonesia


INDONESIA’S Antam has joined forces with German companies Cronimet and Ferrostaal to develop a ferronickel production plant at Pomalaa in southeast Sulawesi.
Full Story...


MORE MINING

Taureka joins board of Kina Securities


Frontier starts drilling at Bulago prospect


Work stays suspended at Ramu plant after tragedy


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MARKET WATCH 
Cocoa, gold hot while coffee gets colder


COCOA and gold are on a mildly upward trajectory while coffee is grinding its way down.
Full Story...


MORE MARKET WATCH

Vanuatu tsunami warning cancelled


Indian president pays respects at cemetery


Peter Hall to start as driller association CEO


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PNG LNG 
How PNG will benefit from Oil Search initiatives


PRODUCTION was up but prices were down for Oil Search last quarter, with the Papua New Guinea-focused company witnessing a fall in revenue for March quarter to $404.3 million, a drop of almost $40 million from the December quarter due a fall in the oil price of around 20%. Haydn Black reports.
Full Story...




 


Friends pay tribute to Nauru refugee


DEMONSTRATIONS took place in Australia over the weekend following the death of a 23-year-old asylum seeker known only as Omid.
Full Story...


PNG oil JV at odds; Horizon holds its breath


THE PRL 339 joint venture on Papua New Guinea’s Gulf Coast appears to be at odds over plans by Oil Search (35%) and new farminee Total (35%) to drill the Kalangar-1 wildcat well to test a prospect on-trend with the Antelope field. Reports by Haydn Black
Full Story...


St Barbara gets thumbs-up from Moodys


PAPUA New Guinea and Australian gold miner St Barbara has said it has been re-rated by Moody’s Investors Service.
Full Story...

Forex problems hurting PNG business, says trader


THE foreign exchange liquidity problem in Papua New Guinea is taking a toll on many business houses, according to the head of foreign exchange at Moni Plus, Mal Parsonson.
Full Story...


India ready to help PNG, says Mukherjee


INDIAN President Pranab Mukherjee has wrapped up his visit to Papua New Guinea, saying that he hoped his visit would mark the start of more such high-level visits in an effort to strengthen cooperation between the countries.
Full Story...


POMCCI workshop on issue papers


CONSUMER protection, economic empowerment of women and price control are some of the issues which will be discussed at a workshop in Port Moresby on May 4.
Full Story...


Cocoa, gold hot while coffee gets colder


COCOA and gold are on a mildly upward trajectory while coffee is grinding its way down.
Full Story...


Vanuatu tsunami warning cancelled


A TSUNAMI warning issued after a shallow magnitude-7.0 earthquake struck the Vanuatu island of Malekula, 64km south south-east of Luganville, has been cancelled.
Full Story...


Indian president pays respects at cemetery


INDIAN President Pranab Mukherjee yesterday paid his respect to the fallen Indian soldiers who fought during the Second World War in Papua New Guinea.
Full Story...


Peter Hall to start as driller association CEO


THE Australian Drilling Industry Association has announced that Peter Hall will begin duties as chief executive on May 6.
Full Story...


LNG market at the crossroads, says Australian Mines Minister


THE Australian gas market is undergoing significant structural change, writes Australian Mines and Energy Minister Josh Frydenberg in this opinion piece released recently.
Full Story...


WCB resources upbeat on PNG gold project


CANADIAN exploration company WCB Resources has reported that channel sampling at the Umuna gold project had found extensions to gold-silver mineralisation.
Full Story...


Majors invest in future LNG developments in PNG


TWO LNG projects in Papua New Guinea are pressing on in a bid to sign off on new developments by 2018 to take advantage of a drop in construction costs and high quality gas.
Full Story...


Book on PNG artefacts launched by Lepani


A COLLECTION of artefacts collected during the Australian military occupation of Papua New Guinea between 1914 and 1921 represents a strong link between the neighbours, PNG's High Commissioner to Australia says.
Full Story...


Changes at Spark NZ


COMMUNICATIONS service provider Spark New Zealand has announced staff changes “for future growth and succession planning”.
Full Story...


Dome Gold Mines unscathed after Fiji cyclones


FIJI-FOCUSED exploration company Dome Gold Mines has reported that the neither the company’s personnel nor assets were injured or damaged by tropical cyclones Winston and Zena.
Full Story...





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