PNG Resources | PNG Resources is the leading oil and gas sector publication in Papua New Guinea, delivering unique, accurate and up-to-date coverage of mining and petroleum activities in the Asian Pacific nation.

Mining

March 30, 2020 No Comments Colin Hay

Kingston completes Misima resource definition drilling programme

KINGSTON Resources Limited (ASX: KSN) has completed its resource definition drilling programme at the Ewatinona deposit within its 2.8Moz Misima Gold Project in Papua New Guinea. Managing Director, Andrew Corbett, said the successful drilling campaign paved the way for the release of an updated Mineral Resource estimate in the June 2020 Quarter. The Resource drilling programme was designed to expand and upgrade the existing 220koz Inferred Resource estimate at Ewatinona,

March 26, 2020 No Comments Colin Hay

Mayur breaks ground on the pilot plant at its Orokolo Bay Industrial Sands Project

Mayur Resources’ (ASX: MRL) has completed pioneering and site enabling works for the pilot plant at its Orokolo Bay Industrial Sands Project in Papua New Guinea. Construction crew, mobile machinery, and building materials arrived at the site by barge in mid- February 2020 after a two‐day journey from Port Moresby. The company’s first priority was the building of the pioneer wharf and 250m long road to the work camp. A

Petroleum

March 25, 2020 No Comments Colin Hay

PNG project delays raise concerns from global and local financiers

GLOBAL and local financial experts have expressed concerns at the state of Papua New Guinea’s economy in the face of continued delays to a number of world-class resource projects. The mood has darkened further with the PNG Government’s decision to walk away from negotiations on the P’nyang development, a key piece the proposed expansion of the country’s LNG industry. There have also been delays in negotiations for the giant Wafi-Golpu

March 20, 2020 No Comments Colin Hay

High Arctic says all PNG drilling halted

CANADIAN oil and gas drilling rig provider High Arctic reports that it has received formal notification from its main customer in Papua New Guinea that it is suspending all drilling operations in the country until further notice. High Arctic said the customer’s decision to suspend and defer operations is in reaction to the current low oil and gas prices and the COVID-19 pandemic. The company is now working with the

Politics

March 25, 2020 No Comments Colin Hay

PNG project delays raise concerns from global and local financiers

GLOBAL and local financial experts have expressed concerns at the state of Papua New Guinea’s economy in the face of continued delays to a number of world-class resource projects. The mood has darkened further with the PNG Government’s decision to walk away from negotiations on the P’nyang development, a key piece the proposed expansion of the country’s LNG industry. There have also been delays in negotiations for the giant Wafi-Golpu

February 28, 2020 No Comments Colin Hay

Horizon elects to terminate CEO Sheridan during PRL-21 investigation

PNG oil and gas explorer and developer Horizon Oil has decided to terminate the employment of CEO Michael Sheridan while it investigates allegations the company made a payment to a senior Government official to acquire an interest in Petroleum Retention Licence (PRL) 21 in 2011. Mr Sheridan was originally suspended on February 12, 2020, when the company elected to further investigate claims related to the PRL-21 deal. Horizon told shareholders

Law & Order

November 27, 2019 No Comments Colin Hay

Barrick welcomes PNG Government pledge to enforce law and order in Porgera region

BARRICK (Niugini) Limited (“BNL”) has welcomed the Papua New Guinea Government’s commitment to finding a long-term solution for the law-and-order problems that have for decades plagued the Porgera region of Enga Province, home to its Porgera gold mine. The Company noted that, following a two-day visit to the region to meet the community and assess the situation first-hand, police minister Bryan Kramer had pledged to sponsor government measures to strengthen

November 25, 2019 No Comments Colin Hay

Warring tribes in Enga give up guns for bibles

TWO warring tribes, Pinai and Puikin in Enga Province have committed to peace and prosperity by symbolically surrendering guns in exchange for bibles after a decade of fighting. The ceremony was recently held in Kepakanda village in Kompiam District and was facilitated by the Salvation Army as part of its Restorative Justice programme. Through the programme, the Salvation Army has been working with the people from the two tribes for

Tourism

February 28, 2020 No Comments Colin Hay

Air Niugini delays delivery of four 737 Max Jets until at least 2024

AIR Niugini has updated its purchase contract with the Boeing Company to delay the delivery of the four Boeing 737 MAX jets it has on order until at least 2024. The airline’s managing director, Alan Milne, said the four 737 MAX jets were ordered in 2014, and the airline had originally been due to receive its first aircraft later this year. “This delay will give the airline more time to

November 29, 2019 No Comments Colin Hay

Rabaul tour operators pitch ideas to cruise passengers

CRUISE passengers docked in Rabaul, East New Britain Province, have been interviewed about potential tours and excursions as part of efforts to strengthen local tourism. Supported by the Australian Government in partnership with Carnival Australia and The Difference Incubator, YuMi Tourism Partners is an initiative being rolled out across the South Pacific region to assist tourism entrepreneurs build their business models to fit the needs of customers. Michael Mihajlov from

Featured

Kingston completes Misima resource definition drilling programme

Kingston completes Misima resource definition drilling programme

PNG project delays raise concerns from global and local financiers

PNG project delays raise concerns from global and local financiers

Barrick welcomes PNG Government pledge to enforce law and order in Porgera region

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Mining

Kingston completes Misima resource definition drilling programme

Mayur breaks ground on the pilot plant at its Orokolo Bay Industrial Sands Project

Petroleum

PNG project delays raise concerns from global and local financiers

High Arctic says all PNG drilling halted

Politics

PNG project delays raise concerns from global and local financiers

Horizon elects to terminate CEO Sheridan during PRL-21 investigation

Law & Order

Barrick welcomes PNG Government pledge to enforce law and order in Porgera region

Warring tribes in Enga give up guns for bibles

Tourism

Air Niugini delays delivery of four 737 Max Jets until at least 2024

Rabaul tour operators pitch ideas to cruise passengers

Featured

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Mining

Petroleum

Politics

Law & Order

Tourism

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