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Friday
28 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 
Global stocks sold off


MOST major markets slumped by more than 2% overnight, though it was generally a good session for metals.
Full Story...


MORE MARKET WATCH

Indian market for PNG LNG


LNG price jumps


Industry answers emergency challenge


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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...


MORE COMPANY WATCH

Maersk eyes PNG expansion


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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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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...


Knox leaves Santos


Santos CEO David Knox announced he will leave the company as soon as a successor has been appointed.
Full Story...


Rights issue results


PACIFIC Niugini has notified the market that its non-renounceable entitlements issue, which closed on August 14 resulted in 39,419,378 shares being allocated to eligible shareholders as well as registering a shortfall of 58,694,103 shares.
Full Story...


PPL268 not viable


NEW Guinea Energy has advised the market that it has surrendered its PPL268 joint venture licence to the Papua New Guinean government under the PNG Oil and Gas Act 1998.
Full Story...


Gov’t policies restrict growth


FOREIGN exchange continues to be a thorn in the side of business, as government policies are restricting business growth and creating barriers to investment.
Full Story...


SME key to tourism


SMALL and medium enterprises (SMEs) were described by Papua New Guinean Prime Minister Peter O’Neill as essential for the success of the country’s tourism sector.
Full Story...





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