Oil Search woes in Papua New Guinea throw spotlight on Alaska

Participants pose for a photo with a Papua New Guinea flag during a stakeholder field trip to Oil Search facilities in Prudhoe Bay, Alaska, U.S. January 2019. Photo supplied by Oil Search/Handout via REUTERS

MELBOURNE (Reuters) – With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country’s biggest company, Oil Search (OSH.AX), is turning for growth to the other side of the world in Alaska’s frozen wilderness. Australia-listed but headquartered in Port Moresby, the A$10.7 billion ($7.2 billion) […]

Continue reading this article with a Fiji Times online membership.

More Stories