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Thursday
30 July 2015
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   TODAY'S STORIES
 
OIL AND GAS 
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...


MORE OIL AND GAS

Timor talks on ALP agenda


High performing second quarter


Larus Energy AGM


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MINING 
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...


MORE MINING

Promising outlook for WCB’s Kulumalia


Funds raised for Isabel


Powering up Niugini’s Nicolsons


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MARKET WATCH 
Oz benefits from declining gold prices


AUSTRALIAN gold mining stocks have become a safe harbour in a falling price environment, with shrewd investors taking advantage of the weak Australian dollar.
Full Story...


MORE MARKET WATCH

Oil Search defies trend


Encouraging results for WCB


Pacific trade mission to boost orders


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COMPANY WATCH 
Maersk eyes PNG expansion


AUSTRALIAN Anthony Randell has been appointed to Maersk Line’s country manager for Australia and Papua New Guinea, replacing Nicolaj Noes who will head the company’s Asia Pacific liner operations cluster.
Full Story...


MORE COMPANY WATCH

Jacked up tanks


BSP extends buyback


Kina to pay dividend


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REGIONAL WATCH 
Petrochem expo set for August


THE CHINA International Petroleum and Petrochemical Technology and Equipment exhibition will be held from August 26 to 28 in Shanghai.
Full Story...


MORE REGIONAL WATCH

NZ business eyes Pacific market


LNG demand down: Platts


Business deal stalled


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ECONOMY 
Dividends from PNG fisheries body


PAPUA New Guinea’s fisheries body has paid a dividend of $US11.7 million ($A15.9 million) to the national government, handing over a total of $US39 million ($A53 million) since 2012.
Full Story...


MORE ECONOMY

Plant to boost construction


Pacific growth unaffected by disasters


Power targets achievable: Mangos


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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...

Promising outlook for WCB’s Kulumalia


DRILLING continues on WCB Resources’ Misima Island project in Papua New Guinea, with the Kulumalia extension in the Umuna zone indicating good results.
Full Story...


Funds raised for Isabel


A PRIVATE placement has raised $A5 million to fund ongoing development of the Isabel nickel project, with Axiom Mining CEO Ryan Mount saying the move put the company in an “enviable financial position”.
Full Story...


Dividends from PNG fisheries body


PAPUA New Guinea’s fisheries body has paid a dividend of $US11.7 million ($A15.9 million) to the national government, handing over a total of $US39 million ($A53 million) since 2012.
Full Story...


Petrochem expo set for August


THE CHINA International Petroleum and Petrochemical Technology and Equipment exhibition will be held from August 26 to 28 in Shanghai.
Full Story...


Maersk eyes PNG expansion


AUSTRALIAN Anthony Randell has been appointed to Maersk Line’s country manager for Australia and Papua New Guinea, replacing Nicolaj Noes who will head the company’s Asia Pacific liner operations cluster.
Full Story...


Plant to boost construction


PRIME Minister Peter O’Neill officially opened a gravel and vertical cast pipe plant in Port Moresby yesterday, saying it was a vote of confidence in Papua New Guinea’s construction sector.
Full Story...


Timor talks on ALP agenda


The resumption of border talks with East Timor has the support of the Australian Labor Party, which could pave the way for the development of the $40 billion Greater Sunrise project.
Full Story...


Powering up Niugini’s Nicolsons


A PERMANENT power station has been installed at Pacific Niugini’s Nicolsons mine at Halls Creek, with the refurbishment of the processing plant nearing completion.
Full Story...


China stakes claim in subsea mining


CHINA Minmetals Group has become the first Chinese firm to explore – and hopes to mine – the seabed after being granted rights to 73,000 square kilometres in the east Pacific Ocean by the International Seabed Authority last week.
Full Story...


Edie Creek delivers


PAPUA New Guinea-focused miner Niuminco Group has produced 5116.8 grams (164.5 ounces) of gold and 4181.7g (134.5oz) of silver from its Edie Creek Mine for the June quarter.
Full Story...


NZ business eyes Pacific market


NEW ZEALAND Trade and Enterprise marketing manager Graeme Solloway has described Papua New Guinea as a “mountain of gold and copper atop a sea of oil and gas”, suggesting it was a place NZ companies could expand into.
Full Story...


Govt gag order fails


ATTEMPTS by the Papua New Guinean government to stop protesters demonstrating against the cannery development in Madang’s Pacific Marine Industrial Zone has failed, with a court ordering the government to compensate the 11 defendants who were affected by the move.
Full Story...


LNG demand down: Platts


PLATTS’ Japan/Korea marker (JKM) registered spot LNG prices to northeast Asia averaging $US7.395 per million British thermal units for August, sliding 2.7% month from the previous month.
Full Story...





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