AGP Executive Report
Last update: 7 hours agoOil & Gas: First sellable oil from Santos’ Pikka field in Alaska is “imminent,” with the operator giving journalists a look at the Nanushuk Processing Facility—another milestone for a North Slope project billed as the biggest in decades. PNG Politics: Prime Minister James Marape says PNG’s Supreme Court ruling upholding Constitutional Amendment No.48 is a win for stability, blocking repeated motions of no confidence after failed attempts. Ocean Economy & Security: At the Melanesian Ocean Summit, PNG pushed deeper protection—signing intent for the Western Manus Marine Protected Area and announcing a Western Manus National Marine Sanctuary—while the US warned illegal fishing and drug networks are exploiting Pacific maritime gaps. Regional Diplomacy: PNG is expanding its diplomatic footprint with planned embassies across the Pacific (Marshall Islands, Tonga, Vanuatu) and a sister-province partnership with Cook Islands’ Central ties. Mining & Finance: K92 Mining posted record Q1 results as Kainantu expansion progresses; TISA Bank rolled out direct yuan settlements for PNG-China trade and continues SME outreach.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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