HOME ABOUT US ADVERTISE SUBSCRIBE SITE MAP HELP CONTACT WORK FOR US   Friday 10 September 2010 Make PNG my HomePage    GOVERNMENT STORIES [ 581 Results - Showing Results 1 to 30 ] Resource projects gain immunity under new PNG law (Friday, 4 June 2010) PAPUA New Guinea’s Parliament has passed controversial legislation which shields resource projects from all litigation over the destruction of the environment, labour abuse or landowner exploitation. Full Story... Landowners to enjoy PNG LNG windfall (Friday, 29 May 2009) THE ExxonMobil-led PNG LNG project has progressed towards development with the signing of the benefits-sharing agreement between the Papua New Guinea government and landowners. Full Story... IPIC funds govt stake in PNG LNG (Friday, 13 March 2009) ABU DHABI-based International Petroleum Investment Corporation has deposited $A1.68 billion in a quarantined bank account in Singapore to fund the Papua New Guinea government’s 19.4% stake in the PNG LNG project. Full Story... Research group predicts export revenue shortfall (Friday, 16 January 2009) SPURRED on by the commodity slump and global financial crisis, a leading PNG research group has forecast a shortfall in government export revenue. Full Story... PNG appoints new chief inspector of mines (Friday, 9 January 2009) EXPERIENCED mining engineer M. Singh has been appointed Papua New Guinea chief inspector of mines by Mining Minister Puka Temu. Full Story... IPBC secures funding for PNG LNG (Friday, 28 November 2008) PAPUA New Guinea’s state-owned Independent Public Business Corporation is raising $1.68 billion through an issue of exchangeable bonds to Abu Dhabi government-owned International Petroleum Investment Corporation. Full Story... Duma supports IPBC as state nominee for PNG LNG (Friday, 14 November 2008) PAPUA New Guinea Petroleum and Energy minister William Duma has defended the government’s decision to appoint the Independent Public Business Corporation as the state nominee for the ExxonMobil-led PNG LNG project. Full Story... Govt stake of Oil Search put up for PNG LNG financing (Thursday, 6 November 2008) MORE details have emerged this morning about the funding of the PNG government’s stake in the PNG LNG project on the back of Treasury criticism that indicates the government’s 17.56% stake in Oil Search is in jeopardy. Full Story... 84 Chinese workers in breach of PNG employment laws (Thursday, 6 November 2008) THE RAMU nickel-cobalt project in Madang Province has been dealt a blow as PNG authorities have reportedly detained 84 Chinese workers at the upcoming mine for breaching the national immigration and labour laws. Full Story... PNG government closer to hopping onto PNG LNG (Thursday, 6 November 2008) THE PNG government is moving closer to taking up a 19.4% stake in the $US11 billion PNG LNG project as Prime Minister Sir Michael Somare expects it to receive funding of $US1 billion (K2.55 billion, $A1.48 billion) by the end of this month. Full Story... More heartbreak at Kokoda for Frontier (Tuesday, 4 November 2008) PNG’s Deputy Chief Justice has killed off Frontier Resources’ application to start a judicial review of a government decision to not renew the company’s exploration licence 1348, which contains part of the Kokoda Track. Full Story... Petromin takes on 20.5% of InterOil’s Elk, Antelope fields in PNG (Friday, 31 October 2008) PNG government-owned resources company Petromin missed out on becoming the state nominee for the ExxonMobil-led PNG LNG joint venture, but it has just taken on a 20.5% interest in InterOil’s Elk and Antelope fields. Full Story... Opposition criticises IPBC progress on state’s PNG LNG financing (Friday, 31 October 2008) OPPOSITION Leader and former PNG prime minister, Sir Mereke Morauta, is stirring the pot over the Independent Public Business Corporation’s advances on the state financing front for PNG LNG. Full Story... IPBC is state nominee for PNG LNG (Thursday, 30 October 2008) THE INDEPENDENT Public Business Corporation will be the state nominee for the PNG government’s upcoming 19.4% stake of the ExxonMobil-led $US11 billion (K27.81 billion) PNG LNG project. Full Story... ABG deal with Invincible receives post-Kabui criticism (Thursday, 23 October 2008) BOUGAINVILLE regional MP Fidelis Semoso has attacked an agreement signed in May between the Autonomous Bougainville Government and little-known Canadian mining company Invincible Resources, saying it was illegal and unconstitutional. Full Story... Battle between Somare and the OC returns in November (Tuesday, 21 October 2008) PRIME Minister Sir Michael Somare has won yet more time in his ongoing legal battle to stop the Ombudsman Commission from pursuing his alleged failures under the nation’s leadership code in respect to his personal finances. Full Story... Frontier awaits first court decision in Kokoda battle (Tuesday, 21 October 2008) PNG’s Deputy Chief Justice will hand down a decision this Friday afternoon over Frontier Resources’ application for leave to start a judicial review of exploration licence 1348 that contains part of the Kokoda Track. Full Story... Satan behind PNG corruption: Opposition figurehead (Tuesday, 21 October 2008) THE DEPUTY leader of PNG’s largest opposition party, Francis Awesa, denounced the national government for corruption and reportedly went even further by saying Parliament was ruled by Satan. Full Story... Somare meets the Pope while in Italy for Eni agreement (Thursday, 16 October 2008) PRIME Minister Sir Michael Somare managed to squeeze in a visit to meet Pope Benedict XVI at the Vatican City during his stay in Italy last week when he signed a long-term partnership agreement for PNG with oil major Eni SpA. Full Story... Queensland puts on PNG agribusiness seminar following MoUs (Thursday, 16 October 2008) TWO memoranda of understanding were signed this week in Port Moresby between PNG and the state government of Queensland, Australia, with one concerning agricultural ties and the other focusing on fisheries. Full Story... Somare gets a temporary reprieve from the OC (Tuesday, 14 October 2008) PRIME Minister Sir Michael Somare has gained yet another delay in his ongoing legal campaign to halt the Ombudsman Commission from pursuing his alleged failures under the nation’s leadership code in respect to his personal finances. Full Story... ETS ‘dead on arrival’: Voelte (Tuesday, 14 October 2008) THE prolonged global financial crisis means the Australian federal government must rethink the introduction of its proposed emissions trading scheme, Woodside Petroleum chief executive officer Don Voelte said yesterday. Full Story... Chinese manager hits back at PNG newspaper (Friday, 10 October 2008) CHINESE management of the Ramu nickel-cobalt mine under construction in Madang Province have responded to a recent story run by PNG’s Post-Courier newspaper, which claimed Chinese workers were entering the country without being checked by customs. Full Story... Falling crude prices arrive at PNG pumps (Thursday, 9 October 2008) FUEL is cheaper this month as PNG’s sole oil refiner InterOil releases the latest import parity prices after crude oil continues to tank on the back of the growing turmoil on world financial markets that is expected to weaken the US. Full Story... DPE looks at East Sepik seep (Thursday, 9 October 2008) LANDOWNERS in East Sepik Province have come across what could be a new oil seep on a river bed at Harlem Creek between the Kaboibus and Bonahitam villages in Yangoru. Full Story... Intelligence crackdown on illegal immigrants (Thursday, 9 October 2008) PNG’s National Intelligence Organisation is investigating senior immigration officials in an effort to uncover a visa racket that aids immigrants who ultimately seek access to Australia. Full Story... Ex treasurer weighs in on $US50M potential lawsuit (Thursday, 9 October 2008) DEPUTY Opposition leader and former PNG treasurer and finance minister Bart Philemon has shed light on a potential breach of contract lawsuit from an American seeking a payout of at least $US50 million (K128.78 million) from the PNG government. Full Story... PNG signs MOU to better land administration (Tuesday, 7 October 2008) PNG’s Lands, Physical Planning and Mining Minister Dr Puka Temu has signed a memorandum of understanding with Queensland’s Natural Resources and Water Minister Craig Wallace to bolster development and administrative ties. Full Story... PNG faces potential lawsuit from an American (Tuesday, 7 October 2008) PNG is facing legal action from an American over an alleged breach of contract and non-payment for his work in assisting the national government in attracting foreign investment from a deal struck back in 2002. Full Story... Dept calls for work permit renewals before new system (Tuesday, 7 October 2008) THE DEPARTMENT of Labour and Industrial Relations is calling for employers to get in contact immediately should work permits of non-citizen employees be due for renewal between now and December. Full Story... 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