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Thursday
2 July 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Oil demand grows


CHINA’S thirst for oil climbed 8.2% from a year earlier with apparent demand during May supported by robust growth across all oil product categories.
Full Story...


MORE OIL AND GAS

The unavoidable LNG glut


Larus AGM to focus on farm-out


NGE board faces takeover


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MINING 
Foyson effort to raise $5.8M


FOYSON Resources shareholders will be called on to vote on 16 resolutions relating to the sales agreement with Integrated Green Energy at an extraordinary general meeting scheduled for Sydney on July 30.
Full Story...


MORE MINING

St Barbara increases buy-back shares


St Barbara’s discounted buy-back


Niugini rattles tin for Nicolsons, Garaina


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MARKET WATCH 
Shanghai looks to Chicago


DISCUSSIONS between the Shanghai Gold Exchange and CME Group are continuing, as both are keen to list each other’s contracts on their respective exchanges.
Full Story...


MORE MARKET WATCH

O’Neill thanks Exxon for role in LNG development


Crater to pay note holders


Board renewal complete


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COMPANY WATCH 
New national manager for Enerpac


SAFETY and efficiency specialist Andre Marsh will step into the shoes of Enerpac’s outgoing national bolting manager Pat Molloy, who has decided to venture into the Papua New Guinean market promoting the company’s range of products.
Full Story...


MORE COMPANY WATCH

Air Niugini to buy Fokker 70


Telco to ease online influx for Pacific Games


Kina goes public


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REGIONAL WATCH 
PNG ice a threat


AUSTRALIA’S newly-formed border force will target criminal organisations that use smuggling routes in the Torres Strait to prevent illicit cargoes being trafficked into the country.
Full Story...


MORE REGIONAL WATCH

Origin comments on Sinopec speculation


Streamlined process for Gulf licences


IMARC under full steam for 2015


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ECONOMY 
Chinese support for PNG rice


CHINA has expressed interest in helping Papua New Guinea develop its rice growing industry, with economic and commercial counsellor of the Chinese Embassy in Port Moresby Zhang Liyong describing it as a ‘sleeping giant’, according to the National.
Full Story...


MORE ECONOMY

Taiwan, PNG sign MOU on fishing


Australia’s north good for PNG


Papuan Chief christened


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PNG LNG 
Methane Spirit sets sail


A CENTENARY, of sorts, was celebrated at the weekend by the PNG LNG project with the carrier Methane Spirit, which shipped the 100th cargo of LNG to Japan.
Full Story...




 


Foyson effort to raise $5.8M


FOYSON Resources shareholders will be called on to vote on 16 resolutions relating to the sales agreement with Integrated Green Energy at an extraordinary general meeting scheduled for Sydney on July 30.
Full Story...


Chinese support for PNG rice


CHINA has expressed interest in helping Papua New Guinea develop its rice growing industry, with economic and commercial counsellor of the Chinese Embassy in Port Moresby Zhang Liyong describing it as a ‘sleeping giant’, according to the National.
Full Story...


Oil demand grows


CHINA’S thirst for oil climbed 8.2% from a year earlier with apparent demand during May supported by robust growth across all oil product categories.
Full Story...

PNG ice a threat


AUSTRALIA’S newly-formed border force will target criminal organisations that use smuggling routes in the Torres Strait to prevent illicit cargoes being trafficked into the country.
Full Story...


St Barbara increases buy-back shares


ST BARBARA has repurchased an additional $US8 million ($A10.4 million) of its US 144A senior secured notes, making the selective off-market purchase $US54 million ($A69.9 million).
Full Story...


New national manager for Enerpac


SAFETY and efficiency specialist Andre Marsh will step into the shoes of Enerpac’s outgoing national bolting manager Pat Molloy, who has decided to venture into the Papua New Guinean market promoting the company’s range of products.
Full Story...


Air Niugini to buy Fokker 70


AIR Niugini has announced it will buy a second Fokker 70 to operate alongside the Boeing, Bombardier and Fokker 100 aircraft.
Full Story...


Cabinet positions filled


BOUGAINVILLE president John Momis has filled the remaining positions in his cabinet, with 14 members making up the autonomous region’s executive council.
Full Story...


Corruption investigation launched


PRIME Minister Peter O’Neill has directed Foreign Affairs Minister Rimbink Pato and Attorney General Ano Pala to investigate claims made by Australian media last week in which two lawyers explained how regional leaders were able to launder money from PNG to Australia.
Full Story...


The unavoidable LNG glut


A GLOBAL LNG glut is unavoidable according to JP Morgan, which is questioning whether it will end or be extended post 2020.
Full Story...


St Barbara’s discounted buy-back


GOLD miner St Barbara has agreed to reacquire $US46 million ($A60 million) – at an average discount of 5% – in aggregate principal of its US 144A senior secured notes through a selective off-market purchase.
Full Story...


MSG grants membership to Indonesia


INDONESIA has been admitted to the Melanesian Spearhead Group after leaders from the organisation’s states agreed to grant associate membership to the southeast Asian nation during the 20th MSG Leaders’ Summit in Honiara last week.
Full Story...


Niugini rattles tin for Nicolsons, Garaina


PACIFIC Niugini is seeking additional funds to support its Nicolsons gold project in Western Australia and further exploration at its Garaina project in Papua New Guinea.
Full Story...


Telco to ease online influx for Pacific Games


DIGICEL’S $US3 MILLION infusion into Port Moresby’s internet infrastructure will let visiting dignitaries, athletes, supporters and other online users experience faster internet speeds during the Pacific Games.
Full Story...


Origin comments on Sinopec speculation


ORIGIN Energy has told financial markets to settle down over concerns that slumping Chinese gas demand could threaten long-term sales contracts from its Australia Pacific LNG joint venture.
Full Story...


Taiwan, PNG sign MOU on fishing


A MEMORANDUM of understanding has been signed by Papua New Guinea and Taiwan in an effort to combat illegal fishing.
Full Story...





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