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1 August 2015
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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 
Gold tarnished by US interest rise talks


MOVES by the US Federal Reserve to raise interest rates have again caused concern for gold investors, with the market anticipating the increase as early as September.
Full Story...


MORE MARKET WATCH

DRA takes dewatering contract


Axiom appointments


Reshuffle on Newcrest board


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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 
Cooper on the up and up


A REVENUE boost of $2.4 million quarter on quarter for Cooper Energy has helped the company weather a price environment which had oil prices being more than 40% lower this time last year.
Full Story...


MORE REGIONAL WATCH

Petrochem expo set for August


NZ business eyes Pacific market


LNG demand down: Platts


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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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Gold tarnished by US interest rise talks


MOVES by the US Federal Reserve to raise interest rates have again caused concern for gold investors, with the market anticipating the increase as early as September.
Full Story...


DRA takes dewatering contract


GLOBAL engineering group DRA have been awarded the contract to design the dewatering plant to be used on Nautilus Minerals’ Solwara 1 production support vessel.
Full Story...


Axiom appointments


TO STRENGTHEN the commercial and technical capabilities of the company once it has made the transition from explorer to producer, Axiom Mining have appointed a new member to their board along with two executives.
Full Story...

Reshuffle on Newcrest board


GOLD miner Newcrest has appointed two new members to its board, replacing two outgoing directors.
Full Story...


Cooper on the up and up


A REVENUE boost of $2.4 million quarter on quarter for Cooper Energy has helped the company weather a price environment which had oil prices being more than 40% lower this time last year.
Full Story...


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...





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