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Tuesday
4 August 2015
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   TODAY'S STORIES
 
OIL AND GAS 
Total assumes control


WITH effect from August 1, Total has formally assumed the operatorship of the Papua LNG project, in which it is in joint venture with InterOil and Oil Search.
Full Story...


MORE OIL AND GAS

Twinza, Eda in Gulf JV


Timor talks on ALP agenda


High performing second quarter


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MINING 
Positive cash flow soon


CRATER Gold Mining managing director Russ Parker is confident the company’s high grade zone site at Crater Mountain will become cashflow positive by the fourth quarter of this year.
Full Story...


MORE MINING

Miner looks for PNG coal


Otterburn-K92 funds raised


Bad weather temporarily shuts Ok Tedi


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MARKET WATCH 
Gold tarnished by US interest rise talks


MOVES by the US Federal Reserve to raise interest rates have again caused concern for gold investors, with the market anticipating the increase as early as September.
Full Story...


MORE MARKET WATCH

DRA takes dewatering contract


Axiom appointments


Reshuffle on Newcrest board


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COMPANY WATCH 
Kina Securities achieves dual listing


KINA Securities has been listed on both the Australian and Papua New Guinea stock exchanges following its initial public offering.
Full Story...


MORE COMPANY WATCH

Maersk eyes PNG expansion


Jacked up tanks


BSP extends buyback


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REGIONAL WATCH 
Logs seized


THE Solomon Islands government has halted the shipment of logs out of the country by Asia Pacific Investment Development Limited, amid claims the company was felling and exporting the lumber illegally on Rennell Island.
Full Story...


MORE REGIONAL WATCH

Cooper on the up and up


Petrochem expo set for August


NZ business eyes Pacific market


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ECONOMY 
New business centre in Moresby


BANK of South Pacific has opened a new centre in Port Moresby which will serve small and medium businesses, a growing sector in Papua New Guinea’s economy.
Full Story...


MORE ECONOMY

Dividends from PNG fisheries body


Plant to boost construction


Pacific growth unaffected by disasters


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Govt rethinks role of foreign advisers


A RETHINK in how Papua New Guinea receives aid support from donor countries is aimed at reducing ‘middlemen’ and developing the capacity of local staff in delivering essential services to the populous, according to Prime Minister Peter O’Neill.
Full Story...


Total assumes control


WITH effect from August 1, Total has formally assumed the operatorship of the Papua LNG project, in which it is in joint venture with InterOil and Oil Search.
Full Story...


Positive cash flow soon


CRATER Gold Mining managing director Russ Parker is confident the company’s high grade zone site at Crater Mountain will become cashflow positive by the fourth quarter of this year.
Full Story...

Kina Securities achieves dual listing


KINA Securities has been listed on both the Australian and Papua New Guinea stock exchanges following its initial public offering.
Full Story...


Miner looks for PNG coal


AUSTRALIAN miner Mayur Resources said it had identified an area within its Papua New Guinea tenements which could contain enough high quality coal to run a 50 megawatt power station for 30 years.
Full Story...


New business centre in Moresby


BANK of South Pacific has opened a new centre in Port Moresby which will serve small and medium businesses, a growing sector in Papua New Guinea’s economy.
Full Story...


Logs seized


THE Solomon Islands government has halted the shipment of logs out of the country by Asia Pacific Investment Development Limited, amid claims the company was felling and exporting the lumber illegally on Rennell Island.
Full Story...


Otterburn-K92 funds raised


OTTERBURN Resources and K92 Holdings International have raised $C1.35 million of interim financing for their Papua New Guinean operations, subject to certain conditions.
Full Story...


Gold tarnished by US interest rise talks


MOVES by the US Federal Reserve to raise interest rates have again caused concern for gold investors, with the market anticipating the increase as early as September.
Full Story...


DRA takes dewatering contract


GLOBAL engineering group DRA have been awarded the contract to design the dewatering plant to be used on Nautilus Minerals’ Solwara 1 production support vessel.
Full Story...


Axiom appointments


TO STRENGTHEN the commercial and technical capabilities of the company once it has made the transition from explorer to producer, Axiom Mining have appointed a new member to their board along with two executives.
Full Story...


Reshuffle on Newcrest board


GOLD miner Newcrest has appointed two new members to its board, replacing two outgoing directors.
Full Story...


Cooper on the up and up


A REVENUE boost of $2.4 million quarter on quarter for Cooper Energy has helped the company weather a price environment which had oil prices being more than 40% lower this time last year.
Full Story...


Bad weather temporarily shuts Ok Tedi


ADVERSE weather conditions have affected operations at Papua New Guinea’s OK Tedi mine, as the company reduces its workforce and temporarily shuts down to deal with the situation.
Full Story...


French Polynesia a step closer to the club


FRENCH Polynesia’s application for full membership into the Pacific Islands Forum has taken another step forward with Papua New Guinean Foreign Minister Rimbink Pato reporting on the application in the regional group.
Full Story...


Twinza, Eda in Gulf JV


SINGAPORE firm Twinza Oil has partnered with Papua New Guinea’s Eda Oil – a subsidiary of Petromin PNG Holdings – to operate the Pasca A gas project in the country’s Gulf region.
Full Story...





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