Monday, 6 February 2012

Survivor count unchanged (Monday, 6 February 2012) EMERGENCY services fear the worst for an estimated 100 people lost in the MV Rabaul Queen disaster last week. Full Story... Palmer flags PNG deal with Exxon (Monday, 6 February 2012) MINING magnate Clive Palmer could farm-out stakes of up to three offshore petroleum prospecting licences in Papua New Guinea to PNG LNG project operator ExxonMobil. Full Story... Expectations high for Ketu-2 (Monday, 6 February 2012) KINA Petroluem is expecting the Ketu-2 appraisal/development well it shares with Horizon Oil and Talisman Energy in Papua New Guinea’s Western Province to be spudded in early March. Full Story... Another legal chapter to begin (Monday, 6 February 2012) A PEACEFUL protest by lawyers and judges is expected in Port Moresby today, which comes after Chief Justice Sir Salamo Injia was reportedly barred from accessing the judges’ chambers by police on Friday. Full Story... Shell on the growth path (Monday, 6 February 2012) DESPITE expecting continued volatility in the global economy and energy markets, oil giant Shell has announced ambitious growth plans to boost cash flow up to 50% in the next four years. Full Story... The crack detector (Monday, 6 February 2012) FINDING a defect is one of the key parts of the mobile equipment maintenance process. But what if that defect is beneath a centimetre of coating? Vetti Kakulas reports on a solution to this sort of problem. Full Story... On reflection, a good idea (Monday, 6 February 2012) ELECTRIC mirrors have been standard fitment on cars for decades. For haul trucks though, not so much. That could be about to change. By Noel Dyson Full Story... With confidence comes cash: Hays (Monday, 6 February 2012) AUSTRALIAN oilies are the second best paid in the world, according to a new salary survey. Full Story...

Friday, 3 February 2012

Mixed news week (Friday, 3 February 2012) THERE was a mining sector rally on European markets overnight after Xstrata confirmed that merger talks were underway with commodities trader Glencore International. But in a worrying sign, the Baltic Dry Index has plummeted. Full Story... Known players in the running: InterOil (Friday, 3 February 2012) INTEROIL has revealed it is in talks with “several internationally recognised” LNG operators to partner into the Gulf LNG project in Papua New Guinea while its Triceratops-2 well in Gulf Province was at a depth of 516m yesterday. Full Story... More survivors (Friday, 3 February 2012) AN ADMIRABLE rescue effort has resulted in 238 survivors from the MV Rabaul Queen disaster off the coast of Finschhafen in Papua New Guinea’s Morobe province yesterday but fears remain for the 100 or more people still missing. Full Story... Supreme Court awakens (Friday, 3 February 2012) A SHOWDOWN between the courts and the O’Neill-Namah coalition government is underway after the Supreme Court fought off a second attempt by the National Executive Council to remove Chief Justice Sir Salamo Injia. Full Story... Westside spudded (Friday, 3 February 2012) HOPES are high after Oil Search spudded the P’nyang South-1 appraisal well in Papua New Guinea’s Western Province. Full Story... Strong start at Tekem (Friday, 3 February 2012) QUINTESSENTIAL Resources is capturing industry attention after its first two holes at the Tekem gold deposit of its Bismarck project in Papua New Guinea notched up shallow intersections of 2.2m grading 7.3 grams per tonne gold and 2.1m at 8.1gpt gold. Full Story... Kula hits 2Moz (Friday, 3 February 2012) KULA Gold has hit the 2 million ounces of gold mark for its Woodlark Island project in Papua New Guinea after drilling the new Kulumadau East discovery in late 2011. Full Story... Mutineers held French guns (Friday, 3 February 2012) AMERICAN gun enthusiasts have identified some automatic rifles surrendered by soldiers behind ex-colonel Yaura Sasa’s failed attempt to control Papua New Guinea’s Defence Force as rare and may have come from Vanuatu or Indonesia. Full Story... Crime wave hits business chamber (Friday, 3 February 2012) AMID concerns the political divisions in Papua New Guinea have impacted the ability of police to deal with rising crime, the Port Moresby Chamber of Commerce & Industry had one of its vehicles hijacked this week. Full Story...

Thursday, 2 February 2012

Maritime disaster in PNG (Thursday, 2 February 2012) A FERRY has sunk en route from Kimbe to Lae in Papua New Guinea this morning and more than 100 passengers remain missing despite frantic rescue efforts. Details are sketchy with officials yet to confirm whether any Australians were on board. Full Story...

Wednesday, 1 February 2012

Landowners react to landslide (Wednesday, 1 February 2012) LANDOWNERS of the Tumbi quarry near the scene of the recent massive landslide which has buried a village and halted PNG LNG project work are reportedly seeking the relocation of four major clans. Full Story... Clouds of contempt return (Wednesday, 1 February 2012) THE O’Neill-Namah coalition government is facing a wave of contempt charges filed by lawyers of the rival camp led by Sir Michael Somare. Full Story... Temperatures rising in PNG (Wednesday, 1 February 2012) PAPUA New Guinea is in the midst of its worst constitutional crisis since gaining independence from Australia in 1975. As Inside Track predicted back in the inaugural April edition, political turmoil is making a comeback in PNG. Full Story... NGE partner talks continue (Wednesday, 1 February 2012) NEW Guinea Energy has received interest from “potential strategic partners” in petroleum prospecting licence 269 which it shares with Talisman Energy in Papua New Guinea’s Western Province and it has also received seismic data acquired by PNG LNG project leaders ExxonMobil and Oil Search. Full Story... Yandera resource update looms (Wednesday, 1 February 2012) MARENGO Mining’s vast Yandera copper-gold-molybdenum project in Papua New Guinea remains on track for a completed definitive feasibility study by mid-year. Full Story... Namah the dictator: Somare (Wednesday, 1 February 2012) SIR Michael Somare and his son Arthur have reportedly invited police to arrest them if they have any evidence against them, while investigations are continuing into Somare-aligned former colonel Yaura Sasa’s failed attempt to seize control of the military. Full Story... Their guess is as good as any (Wednesday, 1 February 2012) MINING executives are optimists by nature but their gold price predictions are still worth noting, says Ian Campbell. Full Story... Medusa in development mode (Wednesday, 1 February 2012) MEDUSA Mining’s flagship Co-O gold mine in the Philippines is operating in development mode as the company focuses on the $US70 million ($A217.2 million) phase three expansion to 200,000 ounces of gold per annum. Full Story... Ichthys bonanza for GE (Wednesday, 1 February 2012) THE flow of contracts for the Ichthys LNG project in Darwin is starting to gain momentum with GE Oil & Gas securing more than $US1 billion ($A944 million) in contracts. Full Story...

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