Oil Search

After years of relative stability, political problems have again surfaced in Papua New Guinea (PNG). The PNG Supreme Court has ruled that the Prime Minister, Peter O’Neill, was illegally anointed and reinstated his predecessor, Sir Michael Somare. Discontent and confusion now rule. Reports claim heavily armed police from each side patrol the streets of Port Moresby. Having spent time working in PNG, your analyst has long worried about security there. Miners tempted by the incredible mineral wealth of the country have received scant attention from us with one exception; Oil Search. In Oil Search: PNG or bust on 01 Dec 09...

After years of relative stability, political problems have again surfaced in Papua New Guinea (PNG). The PNG Supreme Court has ruled that the Prime Minister, Peter O’Neill, was illegally anointed and reinstated his predecessor, Sir Michael Somare. Discontent and confusion now rule. Reports claim heavily armed police from each side patrol the streets of Port Moresby.

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