Loading


Construction

Chamber says PNG employment and rebound in growth thanks to mining & petroleum

The PNG Chamber of Mines and Petroleum has welcomed a report by the World Bank that has forecasted that new large-scale resource projects could boost Papua New Guinea’s real Gross Domestic Product (GDP) to five percent this year. The World Bank recently released its February 2019 edition of the PNG Economic Update which outlined PNG’s economic situation and medium-term development prospects. The report stated that the country’s medium-term economic outlook

KBR to support PNG’s Petroleum Department

LEADING global engineering firm KBR, Inc. has been awarded a contract by Papua New Guinea’s Department of Petroleum to provide ongoing consulting, advisory and engineering services in relation to multiple new and existing energy and resource developments located across Papua New Guinea, including upstream, LNG and downstream sectors. Under the terms of the agreement, KBR will provide these services utilising strategy and technical specialists from multiple offices including Singapore, Australia,

PNG mine workers benefit from FIFO lifestyle

A questionnaire by the PNG Chamber of Mines and Petroleum has unearthed a range of benefits that the Fly-in/Fly-Out (FIFO) operating model delivers to PNG workers, their families and the broader community. Distributed to mining projects with PNG employees engaged under FIFO arrangements, the questionnaire revealed inspiring stories and long-term benefits for employees from across PNG. Thousands of workers within Papua New Guinea’s mining industry are employed on a FIFO

Demand tightens for mining and construction equipment

EY’s landmark Yellow Goods Report has this year found tightening demand for mining and construction equipment and labour.   “While we have not returned to mining boom territory, we are seeing a tightening for key goods such as tyres, which was a real pain-point during the last boom,” said Scott Grimley, EY Oceania Mining & Metals Leader.   Yellow Goods – a term for construction, earth-moving and quarrying equipment, including

Consortium of governments back electrification of PNG

PAPUA New Guinea has invited Australia, Japan, New Zealand and the United States to work together to support its enhanced connectivity and the goal of connecting 70% of its population to electricity by 2030. Currently only about 13% of Papua New Guinea’s population have reliable access to electricity. Access to electricity is key to Papua New Guinea’s economic growth. Electricity lifts the living standards of communities in cities, towns and

Horizon considering potential use of PNG LNG pipeline

ASX-listed Horizon Oil is keeping a close eye on negotiations over third-party access to PNG LNG project infrastructure as it progresses its own Western LNG project. The company told shareholders in late October that the planned pipeline route from P’nyang to the PNG LNG facilities passes within 20 kilometres of the Ketu field, part of its Western LNG project planning. “Recent announcements by the Government of Papua New Guinea indicate

Highlands confirms Ramu expansion plans

PNG minerals company Highlands Pacific Limited has confirmed that Ramu project operator China’s Metallurgical Corporation of China Limited (MCC) is examining a potential US$1.5 billion expansion of the nickel and cobalt project near Madang. Highlands, which holds an 8.56% interest (increasing to 11.3% upon repayment of project loans to Metallurgical Corporation of China Limited (MCC)) in Ramu, said further details of any proposed expansion are still being finalised. The project has

Nautilus reports mixed news on progress with subsea mining plans

SUBSEA mining proponent Nautilus Minerals Inc. reports that it has recently made progress on financing plans to develop the Solwara 1 Project off the PNG coast. Nautilus has entered into a financial advisory services agreement with Metals Logistics Investments Limited (MLI), a Dubai registered advisory firm focusing on companies in the resource sector with professionals in the UK, Switzerland and the US. MLI is advising Nautilus on alternative funding solutions.

Three train LNG expansion in PNG to move to FEED soon

LEADING PNG oil and gas company Oil Search Ltd believes a proposed three LNG train expansion and development will be ready to enter FEED in the second half of this year. Oil Search’s managing director, Peter Botten, told a company meeting today that the various partners in the PNG LNG and Papua LNG ventures had now agreed on the three train concept. The be constructed in the PNG LNG plant

PNG LNG expansion plans considering three new LNG trains

OIL Search has reported that significant progress has been made on a proposed LNG expansion in PNG, with a positive key meeting of joint venture partners recently held to discuss the preferred downstream development concept for expansion. “Productive, high level meetings were recently held between Oil Search, ExxonMobil and Total to discuss the results of the downstream development options that were received by the PRL 15 joint venture partners last