The Australian Bureau of Meteorology said there was no tsunami threat to Australia from the quake.
In an update just before midday, the US Tsunami Warning Center said the threat of a tsunami had now passed.
It said while there were no sea level gauges in the immediate vicinity of the epicentre, no tsunami was observed at the closest sea level gauge.
The update was the final statement it would be issuing on the quake and its potential impacts.
The earthquake struck at 6:04 am local time and was centred about 194km southeast of the nearest major town Kimbe.
A much smaller quake, with a preliminary magnitude of 5.3, occurred in nearly the same location about 30 minutes later, according to the USGS.
Earthquakes are common in Papua New Guinea, which sits on top of the seismic “Ring of Fire” - an arc of intense tectonic activity that stretches through Southeast Asia and across the Pacific basin.
Although they seldom cause widespread damage in sparsely populated areas, they can trigger destructive landslides.
The last major earthquake in Papua New Guinea occurred in March last year and killed five people. That earthquake, in the East Sepik region on the main land mass of Papua New Guinea, was magnitude 6.9 and just over 40 kilometres deep.
- Agence France-Presse with additional reporting by The New Zealand Herald