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Tuesday
7 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 
Simberi key to St Barbara recovery: S&P


STANDARD & Poor’s Ratings Services has revised its outlook for improving gold miner St Barbara to stable from negative.
Full Story...


MORE MINING

Share issue approved


RMC issues shares


Shares issued to note holders


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MARKET WATCH 
Strong US job numbers


THE US Labour Department has reported strong employment figures, as American companies employed an additional 223,000 people last month.
Full Story...


MORE MARKET WATCH

PLNG sites selected


Woodside faces short-term pressure


PNG powers up


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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 
Total plant aims to up sales in Asia


TOTAL’S Singapore-based lubricants oil blending plant has started production, aiming to double lubricant sales in Asia.
Full Story...


MORE REGIONAL WATCH

Offshore NT supply base advances


PNG ice a threat


Origin comments on Sinopec speculation


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ECONOMY 
Pacific Games begin


THE 2015 Pacific Games have begun, with Prime Minister Peter O’Neill and Prince Andrew – the Duke of York – opening the event in Port Moresby on Saturday.
Full Story...


MORE ECONOMY

Chinese support for PNG rice


Taiwan, PNG sign MOU on fishing


Australia’s north good for PNG


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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...




 


Simberi key to St Barbara recovery: S&P


STANDARD & Poor’s Ratings Services has revised its outlook for improving gold miner St Barbara to stable from negative.
Full Story...


Pacific Games begin


THE 2015 Pacific Games have begun, with Prime Minister Peter O’Neill and Prince Andrew – the Duke of York – opening the event in Port Moresby on Saturday.
Full Story...


Share issue approved


CRATER Gold shareholders have approved all resolutions put to them on share allocations to its directors and contractors.
Full Story...

Total plant aims to up sales in Asia


TOTAL’S Singapore-based lubricants oil blending plant has started production, aiming to double lubricant sales in Asia.
Full Story...


RMC issues shares


RESOURCE Mining Corporation has advised the ASX that it has issued shares to company chairman William Mackenzie in lieu of cash payment for directors’ fees for the fourth quarter of the 2014/15 financial year.
Full Story...


Banks, canneries welcome in PNG


PAPUA New Guinea Trade Minister Richard Maru said the participation of European banks in the country’s banking sector would stimulate competition.
Full Story...


Shares issued to note holders


CAPITAL promissory note holders have been issued 199,817,582 ordinary shares and 199,817,582 unlisted options in Foyson Resources, bringing the total number of notes down to 420,529 from 1 million.
Full Story...


Coppermoly options expired


COPPERMOLY has said that its 3,373,008 listed options and 4,308,329 options, both with an exercise price of $0.05 per share, had expired.
Full Story...


Strong US job numbers


THE US Labour Department has reported strong employment figures, as American companies employed an additional 223,000 people last month.
Full Story...


PLNG sites selected


THE PRL 15 partners, including Oil Search and InterOil, have unanimously endorsed recommendations from Total SA for key project infrastructure sites for development of the newly dubbed Papua LNG project in Papua New Guinea.
Full Story...


Woodside faces short-term pressure


WHILE Woodside Petroleum has set itself up for long-term growth, analysts expect its short-term financial performance to come under the pump while Australian Securities Exchange rival Oil Search’s revenue surges on PNG LNG production.
Full Story...


PNG powers up


EXXONMOBIL has started delivery of up to 25 megawatts of electricity from the PNG LNG project, to PNG Power.
Full Story...


Offshore NT supply base advances


AN AusGroup subsidiary is seeking federal environment clearance to develop a Melville Island-based offshore oil and gas market-servicing logistics hub about 122km north of Darwin.
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...





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