Papua New Guinea is a country in Oceania that comprises the eastern half of the island of New Guinea and its offshore islands in Melanesia. Officially the Independent State of Papua New Guinea, it shares its only land border with Indonesia to the west and it is directly adjacent to Australia to the south and the Solomon Islands to the east. Its capital, located along its southeastern coast, is Port Moresby. The country is the world's third largest island country, with an area of 462,840 km2 (178,700 sq mi).
The prehistory of Papua New Guinea can be traced to about 50,000–60,000 years ago, when people first migrated towards the Australian continent. The written history began when European navigators first sighted New Guinea in the early part of the 17th century.
The economy of Papua New Guinea (PNG) is largely underdeveloped with the vast majority of the population living below the poverty line. However, according to the Asian Development Bank its GDP is expected to grow 3.4% in 2022 and 4.6% in 2023. It is dominated by the agricultural, forestry, and fishing sector and the minerals and energy extraction sector. The agricultural, forestry, and fishing sector accounts for most of the labour force of PNG while the minerals and energy extraction sector, including gold, copper, oil and natural gas is responsible for most of the export earnings.
Port Moresby, also referred to as Pom City or simply Moresby, is the capital and largest city of Papua New Guinea. It is one of the largest cities in the southwestern Pacific outside of Australia and New Zealand. It is located on the shores of the Gulf of Papua, on the south-western coast of the Papuan Peninsula of the island of New Guinea. The city emerged as a trade centre in the second half of the 19th century. During World War II, it was a prime objective for conquest by the Imperial Japanese forces during 1942–43 as a staging point and air base to cut off Australia from Southeast Asia and the Americas.
Edmund John Phillip Browne, Baron Browne of Madingley,, is a British businessman.
Cessnock is a city in the Hunter Valley of New South Wales, Australia, about 52 km (32 mi) by road west of Newcastle. It is the administrative centre of the City of Cessnock LGA and was named after an 1826 grant of land called Cessnock Estate, which was owned by John Campbell. The local area was once known as "The Coalfields", and it is the gateway city to the vineyards of the Hunter Valley, which includes Pokolbin, Mount View, Lovedale, Broke, Rothbury, and Branxton.
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia, thus becoming a prominent international mining corporation. Newmont initially started the company as a subsidiary in 1966. The subsidiary became Newmont Holdings Pvt Ltd in 1980 and in 1990 acquired 100 per cent of Australmin Holdings Limited taking the current name.
APA Corporation is the holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston. The company is ranked 431st on the Fortune 500.
Pokolbin is a rural locality in the Hunter Region of New South Wales Australia. It is part of the Singleton Council local government area and the city of Cessnock. The area is the centre of the Lower Hunter Valley wine region. Pokolbin lies within the Hunter Valley Important Bird Area.
Sir Peter Leslie Charles Barter was an Australian-born, naturalised Papua New Guinean businessman and politician based in the Madang Province, where he owned and operated the Madang Resort.
This is a list of oil and gas fields operated by BP.
Lake Kutubu is the second-largest lake in Papua New Guinea, after Lake Murray, and, at 800 m above sea level, the largest upland body of water, with an area of 49.24 km², and a total catchment area of 250 km². Lake Kutubu and Lake Sentani form an ecoregion on the WWF's Global 200. Kutubu lies in the Southern Highlands Province of Papua New Guinea, east of the Kikori River into which it drains, and about 50 km southwest of Mendi, the provincial capital. It is one of the few lakes in the country that occurs in a depression in the rugged interior mountains. The lake has a few islands, the largest of which is Wasemi in its northern part. The water of Lake Kutubu, fed by several streams originating mostly from underground sources, is clear and reaches a depth of 70 m (230 feet). The catchment is inhabited by two main ethnic groups, the Foe to the south and the Fasu to the north. Thirty-three villages lie in the catchment area, with a total estimated population of 10,885.
Oil Search was the largest oil and gas exploration and development company incorporated in Papua New Guinea, which operated all of the country's oilfields. In December 2021, it merged with the Australian company Santos.
Prudhoe Bay Oil Field is a large oil field on Alaska's North Slope. It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0×109 m3) of oil. The amount of recoverable oil in the field is more than double that of the next largest field in the United States by acreage (the East Texas Oil Field), while the largest by reserves is the Permian Basin (North America). The field was operated by BP; partners were ExxonMobil and ConocoPhillips until August 2019; when BP sold all its Alaska assets to Hilcorp.
Papua New Guinea has exported liquefied natural gas (LNG) since 2014. The LNG sector is important to PNG's economy with US$2.95 billion in exports in 2020, and accounting for 5.25% of the GDP in 2019. On a global scale, PNG is a minor player, with 0.08% of world reserves In 2020, PNG was ranked 16th on the list of gas exporting countries.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
Gunashli is an offshore oil field in the Caspian Sea, located 120 kilometres (75 mi) east of Baku, Azerbaijan, 12 kilometres (7.5 mi) southeast of Oil Rocks and its deep water section is a part of the larger Azeri–Chirag–Gunashli (ACG) project. The Azerbaijani translation of Gunashli means "sunny". Gunashli is believed to have more than 100 million tonnes of oil reserves.
Sir Manuel Richard Hornibrook OBE was an Australian builder and civil engineer. He founded the firm M R Hornibrook Pty Ltd that after merger with Baulderstone became one of the largest Australian civil engineering firms. Known as "MR", Hornibrook was knighted in 1960. He was highly respected and a builder of bridges across Queensland, New South Wales, Victoria, South Australia and Papua New Guinea as well as other major projects including Stages 2 and 3 of the Sydney Opera House.
Douglas James Suttles was the president and chief executive officer of Ovintiv Corporation. After graduating from the University of Texas at Austin in 1983 with a BSc in mechanical engineering, he joined the global oil and gas industry. He retired from Ovintiv on August 1, 2021.
Minimbah House is a heritage-listed mansion in Whittingham near Singleton, New South Wales.
