Aug 20 - Australia's Oil Search on Tuesday said its
half-year profit more than doubled and raised its dividend,
boosted by robust output at its key Papua New Guinea liquefied
natural gas (LNG) project.
This is the Matschie’s tree kangaroo. It's a rare marsupial that is extremely threatened. It spends most of its days up in the tree canopy and is so rare, it's only found in the mountainous rain forests of northeastern Papua New Guinea. Oil drilling and logging are destroying its native habitat and its fur has made it attractive for hunters.
An independence referendum for the Pacific island of Bougainville has been delayed again by the governments of the island and Papua New Guinea (PNG) but will be held this year, the referendum commission said on Monday.
Australia's Oil Search said on
Monday it was encouraged by a signal from Papua New Guinea's new
government that it would back a major gas agreement, even though
the government still wanted to renegotiate some terms.
Barrick Gold Corp said on Friday
the National Court of Papua New Guinea had ruled that the miner
could continue to operate the Porgera gold mine, while the
country's government considers an application to extend the
lease for the mine.
Papua New Guinea's Air
Niugini is looking to replace its entire fleet of 25 planes in
the coming years and has sought information from manufacturers
and lessors about options before launching a formal tender, its
managing director said on Friday.
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