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Friday
24 May 2013
Make PNG my HomePage
MARKET WATCH Stories
[1746 - Showing Results 1 to 30]
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State-owned disarray
(Friday, 24 May 2013)
PNG’s human development indices remain in a woeful state because of the lack of performance of various government departments and poor delivery of services.
Full Story...
Oil Search builds momentum
(Friday, 24 May 2013)
OIL Search was an interesting gainer this week as analysts started to realise this major PNG LNG stakeholder was undervalued.
Full Story...
Horizon lands a tier 1 partner
(Friday, 24 May 2013)
HORIZON Oil has agreed to sell 40% of its Papua New Guinea assets to Japanese LNG importer Osaka Gas for $US204 million cash under a new strategic alliance to develop a “midscale” LNG scheme in PNG’s Western province.
Full Story...
High-grade find
(Friday, 24 May 2013)
EXPLORER PNG Gold Corporation has struck a 2.5m intersection grading 51.21 grams per tonne gold among the latest drilling results at its Imwauna project on Normanby Island.
Full Story...
Investors catch on to Oil Search
(Friday, 17 May 2013)
OIL Search shares are up 4% by 12.30pm (AEST), surpassing the significant $8 level, as the encouraging news from its Taza-1 ST2 well in Iraqi Kurdistan overcomes the setback at its Flinders-1 well in offshore Papua New Guinea.
Full Story...
Letters of praise for Juffa
(Friday, 17 May 2013)
ORO governor Gary Juffa’s opinion piece for
PNGIndustryNews.net
was praised by a reader from Lihir Island and a medical doctor who wants laws to protect the interests of Papua New Guineans in the mining industry.
Full Story...
Life left in PNG stocks
(Friday, 17 May 2013)
DESPITE some terrible commodities news with gold plunging further, several stocks have made strong gains this week including InterOil, Gold Anomaly, Foyson Resources and Frontier Resources.
Full Story...
Indonesian interest, says source
(Friday, 17 May 2013)
INDONESIAN LNG powerhouse Pertamina is rumoured to have made a bid for InterOil’s Elk-Antelope discoveries in Papua New Guinea.
Full Story...
No delays from CEO loss: InterOil
(Friday, 17 May 2013)
INTEROIL says it is in “final” discussions with bidders for its Elk-Antelope field in Papua New Guinea’s Gulf province. Meanwhile, Oil Search is investigating possible extensions to InterOil’s Triceratops field in the region.
Full Story...
Frieda transparency missing from Xstrata agenda
(Friday, 17 May 2013)
WHEN Wantok not long ago suggested the Frieda copper-gold feasibility study lacked transparency with aspects that did not add up, reaction was muted.
Full Story...
Fifth body recovered at Grasberg
(Friday, 17 May 2013)
PT Freeport Indonesia says a fifth body has been recovered from the collapsed tunnel at the Grasberg mine, with 23 workers still unaccounted for.
Full Story...
The new brooms
(Thursday, 16 May 2013)
WELCOME to the Andrew and Tim show. If you’re working in the petroleum business and don’t know what that means, then
Slugcatcher*
will try and explain how the two boys running BHP Billiton Petroleum may shake the company, and the wider oil and gas industry.
Full Story...
Gillard greeted with visa pressure
(Friday, 10 May 2013)
PAPUA New Guinea Prime Minister Peter O’Neill has urged Australian PM Julia Gillard to improve visa arrangements between the two countries during her first official visit to PNG.
Full Story...
Talisman update
(Friday, 10 May 2013)
TALISMAN Energy has appointed a new chief financial officer and is due to start a multi-well exploration drilling program for its licences in western Papua New Guinea in the second half of 2013.
Full Story...
Recovering stocks
(Friday, 10 May 2013)
A HOST of PNG-related resource stocks have made decent percentage gains this week.
Full Story...
Oil Search to continue drilling spree
(Friday, 10 May 2013)
OIL Search is working to mature possible drilling prospects in Papua New Guinea’s southern highlands by late this year, while an appraisal well for the P’nyang field may be on the cards along with another offshore well in the Gulf of Papua.
Full Story...
Troops deployed
(Friday, 10 May 2013)
THE Papua New Guinea Defence Force has been called out to protect the repair effort on the recent landslide-hit section of the Highlands highway in Simbu province.
Full Story...
Copper price spike explained
(Monday, 6 May 2013)
LONDON Metal Exchange cash copper prices surged 6.2% on Friday to $US7243.80 a tonne but the gain – the biggest for this metal in 18 months – may not be sustainable.
Full Story...
Commodities fall again
(Friday, 3 May 2013)
WEAKER US and Eurozone economic data provided more pain to commodities and resource stocks this week.
Full Story...
O’Neill reacts to corruption claims
(Friday, 3 May 2013)
PNG Prime Minister Peter O’Neill reportedly plans to sue his former deputy Belden Namah for his televised claims that O’Neill benefitted “financially” from some government-awarded contracts.
Full Story...
Talking corruption
(Friday, 3 May 2013)
AWARD-winning blogger Martyn Namarong recently toured Australia for a series of United Nations-sponsored talks on corruption in Papua New Guinea. Unsurprisingly, he isn’t convinced that the newly elected PNG government will make much of a difference.
Full Story...
DFAT warns of Grasberg attacks
(Friday, 3 May 2013)
THE Department of Foreign Affairs has warned Australians to reconsider travel to parts of Indonesia due to the heightened threat of attacks around Freeport McMoRan Copper & Gold’s massive Grasberg mine.
Full Story...
Armed thieves raid Air Niugini
(Friday, 3 May 2013)
ARMED raids are a growing aspect of Papua New Guinea’s law and order difficulties, with more than six men successfully holding up an Air Niugini sales office on Monday afternoon.
Full Story...
Rio moves 100Mt with driverless trucks
(Friday, 26 April 2013)
RIO Tinto marked a milestone in its high-tech Mine of the Future program, after moving 100 million tonnes of material using autonomous haul trucks in Western Australia’s Pilbara region.
Full Story...
Mulacek on his retirement: exclusive
(Friday, 26 April 2013)
INTEROIL chief executive officer Phil Mulacek has corrected
PNGIndustryNews.net
on the circumstances of his recent retirement.
Full Story...
Our two mines are in trouble: Munk
(Friday, 26 April 2013)
BARRICK Gold founder and chairman Peter Munk has defended the company’s decision to build the troubled $US8.5 billion ($A8.2 billion) Pascua-Lama mine, while chief executive Jamie Sokalsky has not ruled out the suspension of the entire project.
Full Story...
Govt figures campaign against PNG LNG
(Friday, 26 April 2013)
ESSO Highlands managing director Peter Graham has responded to an intriguing press report which claims that the PNG LNG joint venture has not met its commitments in Papua New Guinea’s Hela Province.
Full Story...
More comparisons to Porgera
(Friday, 26 April 2013)
AMONG Indochine Mining’s latest crop of high-grade drilling results at its Mt Kare project in Papua New Guinea was a 14m intersection at 15.3 grams per tonne gold, which included a 1m interval at 57.7gpt gold.
Full Story...
Big step forward for Sumatra
(Friday, 26 April 2013)
SUMATRA Copper & Gold will start construction in the second half of the year on its wholly owned Tembang gold-silver project in southern Sumatra, Indonesia, after receiving the final necessary permit.
Full Story...
PNG stocks fight back
(Friday, 26 April 2013)
HORIZON Oil, InterOil and New Guinea Gold were big gainers as a lot of PNG-linked stocks started to recover during the week from this month’s commodities plunge with perhaps a great gold comeback underway.
Full Story...
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