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Wednesday
8 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.
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MORE OIL AND GAS

The unavoidable LNG glut


Larus AGM to focus on farm-out


NGE board faces takeover


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MINING 
Chan sees assembly of seafloor mining tools


PAPUA New Guinea’s Mines Minister Byron Chan was impressed with the progress of Nautilus Minerals seafloor production tools and said the soon-to-be subsea miner was taking the lead in offshore mining.
Full Story...


MORE MINING

MRA maps to cut costs


Porgera partner visits PNG


Simberi key to St Barbara recovery: S&P


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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.
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MORE MARKET WATCH

PLNG sites selected


Woodside faces short-term pressure


PNG powers up


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COMPANY WATCH 
New ‘heads-up’ for ATR


EUROPEAN firm ATR has signed an agreement with Elbit Systems to use a combined avionics system which will help pilots flying its 600 series aircraft take off and land in low visibility via the ClearVision Enhanced Flight Vision System (EFVS) coupled with the Skylens wearable display.
Full Story...


MORE COMPANY WATCH

New national manager for Enerpac


Air Niugini to buy Fokker 70


Telco to ease online influx for Pacific Games


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REGIONAL WATCH 
Fake qualifications under fire


SCANNING Ocean Sectors has launched a new ID card for marine mammal observers (MMOs) that should put a stop to fake qualification certificates being used in the oil and gas industry.
Full Story...


MORE REGIONAL WATCH

Another Maari expansion flagged


OPEC increases oil production


Total plant aims to up sales in Asia


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ECONOMY 
Services firm expands into affordable housing


ANITUA has entered Papua New Guinea’s housing market through a partnership with Amode Rapid Construction Services Australia to build houses at Port Moresby’s 7 Mile Housing Estate.
Full Story...


MORE ECONOMY

Pacific Games begin


Chinese support for PNG rice


Taiwan, PNG sign MOU on fishing


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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...




 


Services firm expands into affordable housing


ANITUA has entered Papua New Guinea’s housing market through a partnership with Amode Rapid Construction Services Australia to build houses at Port Moresby’s 7 Mile Housing Estate.
Full Story...


New ‘heads-up’ for ATR


EUROPEAN firm ATR has signed an agreement with Elbit Systems to use a combined avionics system which will help pilots flying its 600 series aircraft take off and land in low visibility via the ClearVision Enhanced Flight Vision System (EFVS) coupled with the Skylens wearable display.
Full Story...


Chan sees assembly of seafloor mining tools


PAPUA New Guinea’s Mines Minister Byron Chan was impressed with the progress of Nautilus Minerals seafloor production tools and said the soon-to-be subsea miner was taking the lead in offshore mining.
Full Story...

Fake qualifications under fire


SCANNING Ocean Sectors has launched a new ID card for marine mammal observers (MMOs) that should put a stop to fake qualification certificates being used in the oil and gas industry.
Full Story...


MRA maps to cut costs


TWO geological maps recently compiled by the Mineral Resources Authority have the potential to cut exploration costs for resource companies, with managing director Philip Samar telling local media that investors should not be burdened with extra financial costs.
Full Story...


Another Maari expansion flagged


AFTER 15 months the OMV New Zealand-operated Maari growth project is complete while there are additional plans to lift the field’s output to 20,000 barrels of oil per day.
Full Story...


OPEC increases oil production


JUNE production figures from OPEC increased 170,000 barrels from May’s total to 31.28 million barrels a day in June as Saudi Arabia and Iran pumped out more oil.
Full Story...


Porgera partner visits PNG


SENIOR representatives of Chinese firm Zijin Mining Group are visiting PNG as the guests of Canadian firm Barrick Gold.
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...





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