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Sunday
5 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 
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...


MORE MINING

St Barbara increases buy-back shares


St Barbara’s discounted buy-back


Niugini rattles tin for Nicolsons, Garaina


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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 
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...


MORE REGIONAL WATCH

PNG ice a threat


Origin comments on Sinopec speculation


Streamlined process for Gulf licences


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ECONOMY 
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...


MORE ECONOMY

Taiwan, PNG sign MOU on fishing


Australia’s north good for PNG


Papuan Chief christened


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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...




 


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...


PNG ice a threat


AUSTRALIA’S newly-formed border force will target criminal organisations that use smuggling routes in the Torres Strait to prevent illicit cargoes being trafficked into the country.
Full Story...


St Barbara increases buy-back shares


ST BARBARA has repurchased an additional $US8 million ($A10.4 million) of its US 144A senior secured notes, making the selective off-market purchase $US54 million ($A69.9 million).
Full Story...


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...


Air Niugini to buy Fokker 70


AIR Niugini has announced it will buy a second Fokker 70 to operate alongside the Boeing, Bombardier and Fokker 100 aircraft.
Full Story...


Cabinet positions filled


BOUGAINVILLE president John Momis has filled the remaining positions in his cabinet, with 14 members making up the autonomous region’s executive council.
Full Story...


Corruption investigation launched


PRIME Minister Peter O’Neill has directed Foreign Affairs Minister Rimbink Pato and Attorney General Ano Pala to investigate claims made by Australian media last week in which two lawyers explained how regional leaders were able to launder money from PNG to Australia.
Full Story...


The unavoidable LNG glut


A GLOBAL LNG glut is unavoidable according to JP Morgan, which is questioning whether it will end or be extended post 2020.
Full Story...


St Barbara’s discounted buy-back


GOLD miner St Barbara has agreed to reacquire $US46 million ($A60 million) – at an average discount of 5% – in aggregate principal of its US 144A senior secured notes through a selective off-market purchase.
Full Story...





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