Wednesday 23 May 2018
 
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Stats Group adds Australia, PNG to OSD deal

UK-based Stats Group, a pipeline technology specialist, is targeting new opportunities in the Australian and Papua New Guinea oil, gas and industrial sectors by extending its relationship with OSD Pty Ltd. This follows on from a s

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Stats Group adds Australia, PNG to OSD deal

UK-based Stats Group, a pipeline technology specialist, is targeting new opportunities in the Australian and Papua New Guinea oil, gas and industrial sectors by extending its relationship with OSD Pty Ltd. This follows on from a s

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Major quake off Papua New Guinea; tsunami warning

A major earthquake with a magnitude 7.7 struck off Papua New Guinea on Monday, official monitors said, and a tsunami warning was issued soon after. The epicentre of the 33 km deep quake was near the town of Rabaul in the northeast

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PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

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Agility signs PNG gold mine services deal

Kuwaiti logistics firm Agility has signed a deal worth up to $21 million to provide freight services for a project development by Lihir Gold Limited in Papua New Guinea (PNG). '(Agility will) provide freight management services for Lih

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Abu Dhabi's IPIC signs $700m loan

Abu Dhabi government-owned International Petroleum Investment Company has signed a $700 million, three-year loan to back its purchase of a 17.6 percent stake in Oil Search Ltd, banking sources close to the deal said. The bullet term loan i

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Abu Dhabi takes $1bn stake in Oil Search

Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd, the company said. IPIC and the Papua New Guinea government, through its nominee,

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PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

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