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Sunday
30 August 2015
 
 
   TODAY'S STORIES
 
OIL AND GAS 
Oil Search buoyed by PNG LNG


PAPUA New Guinea-focused oil and gas producer Oil Search has posted the highest half-year profit in its 86-year history off the back of production being up almost 50%, despite delivering into materially weaker oil and gas markets.
Full Story...


MORE OIL AND GAS

Horizon in the black


Profit crash for Santos


Knox leaves Santos


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MINING 
$40M bounce back for St Barbara


IN A REMARKABLE turnaround for the 2015 financial year, ST Barbara has posted a net profit of $A39.7 million just one year after recording a $501 million loss.
Full Story...


MORE MINING

OK Tedi wall collapse confirmed


More good results for Isabel


Rights issue results


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MARKET WATCH 
Gold declines as US grows


BETTER-than-expected growth figures in the US had gold prices declining for a fourth day, further increasing chances the Federal Reserve will begin tightening interest rates.
Full Story...


MORE MARKET WATCH

Repsol stakes claim


Connecting PNG


Working to up Pacific trade with the US


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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...


REGIONAL WATCH 
Total exits coal production


TOTAL announced on Monday that it no longer produces coal, with the closing of the sale of mine operator Total Coal South Africa, as per an agreement signed in the local summer of 2014.
Full Story...


MORE REGIONAL WATCH

Biogas float to test market


Cue up on Indonesian project


Tag reigns in risks


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ECONOMY 
Fisheries centre good for Rabaul


A PROPOSED fisheries service centre in Rabaul could help East New Britain province save K1 million annually through transhipment activities and boost the local economy.
Full Story...


MORE ECONOMY

Gov’t policies restrict growth


Airlines take to Pacific skies


An elephant in the room


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Gold declines as US grows


BETTER-than-expected growth figures in the US had gold prices declining for a fourth day, further increasing chances the Federal Reserve will begin tightening interest rates.
Full Story...


Repsol stakes claim


SPANISH energy firm Repsol is claiming a stake in Papua New Guinea’s LNG industry, with development and operations manager Mike Fox saying the company is committed and is focused on monetising its resources.
Full Story...


Connecting PNG


UK-HEADQUATERED firm SpeedCast International has been awarded a multi-year, multi-million dollar contract by Papua New Guinea-focused InterOil to deliver satellite communications and network services in the Gulf Province.
Full Story...

Working to up Pacific trade with the US


STRONGER collaboration has been identified as a way for Pacific Island economies to better access the US market.
Full Story...


Ausdrill looks forward


A $A175.6 million loss for the financial year was posted by Ausdrill, but the company said the current downturn could be close to bottoming out.
Full Story...


PNG backs India


PAPUA New Guinea has thrown its support behind India’s push for a permanent seat at the United Nations Security Council during last week’s Forum for Indian-Pacific Islands Cooperation summit.
Full Story...


Oil Search buoyed by PNG LNG


PAPUA New Guinea-focused oil and gas producer Oil Search has posted the highest half-year profit in its 86-year history off the back of production being up almost 50%, despite delivering into materially weaker oil and gas markets.
Full Story...


$40M bounce back for St Barbara


IN A REMARKABLE turnaround for the 2015 financial year, ST Barbara has posted a net profit of $A39.7 million just one year after recording a $501 million loss.
Full Story...


Horizon in the black


DESPITE the significant fall in oil prices which occurred during the year, Horizon Oil has maintained strong revenues and cashflow, posting a $US18.3 million after tax profit for the year to June 30.
Full Story...


OK Tedi wall collapse confirmed


OK TEDI Mining has gone public with information confirming that a section of wall had collapsed at its mine site in June, damaging a hydraulic shovel and backhoe which has since been repaired.
Full Story...


Total exits coal production


TOTAL announced on Monday that it no longer produces coal, with the closing of the sale of mine operator Total Coal South Africa, as per an agreement signed in the local summer of 2014.
Full Story...


Gov’t mobilises drought aid


SIXTEEN districts in eight Papua New Guinean provinces have been classified as drought affected, prompting the government’s National Disaster Response Committee to begin aid deliveries to areas affected by extreme weather.
Full Story...


Fisheries centre good for Rabaul


A PROPOSED fisheries service centre in Rabaul could help East New Britain province save K1 million annually through transhipment activities and boost the local economy.
Full Story...


Trade to boost health, disaster relief


IN ADDITION to energy and IT, Papua New Guinean Prime Minister Peter O’Neill hopes further economic engagement with India will give the country a much needed boost in health, education and disaster relief.
Full Story...


Profit crash for Santos


After enduring one of the worst periods in its recent history, Santos has posted an 82% crash in its profit from $258 million to around $37 million because of plunging oil prices and higher exploration costs.
Full Story...


More good results for Isabel


AXIOM Mining’s resource definition drilling continues to post encouraging results with the campaign completing 225 holes at the Isabel nickel project.
Full Story...





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