State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea’s smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
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1 Mar 2023 by 2 Comments
In brief: Central Bank pledges to increase monthly forex release to the market
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28 Feb 2023 by Leave a Comment
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
People moves: Airways Hotel, Pacific Palms Property, MVIL
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15 Feb 2023 by Leave a Comment
New additions at Airways Hotel & Residences and Motor Vehicles Insurances Ltd, managerial appointment at Pacific Palms Property.
In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories
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15 Feb 2023 by Leave a Comment
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.
Exclusive: Kerenga Kua on Papua New Guinea’s planned petroleum and gas reforms
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15 Feb 2023 by 4 Comments
Papua New Guinea is planning to move to a production sharing regime for petroleum and gas by the middle of the decade. Business Advantage PNG caught up with Minister for Petroleum Kerenga Kua, to better understand why the reforms are happening, and what industry can expect.
In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
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1 Feb 2023 by 1 Comment
Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
Executive class: up and coming Papua New Guineans [part 6]
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1 Feb 2023 by Leave a Comment
An Emergency Physician at Hela Provincial Authority, Arabella Koliwan is another up-and-coming Papua New Guinean who is helping to change the way women are perceived in the medical profession and opening door for other generations of PNG women.
In brief: Papua New Guinea bans frozen chicken imports and other business stories
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18 Jan 2023 by Leave a Comment
Papua New Guinea announces ban on frozen chicken products, K1.5 million for the copra industry and Australia’s Prime Minister visits PNG.
2023: what can Papua New Guinea business expect from the year ahead?
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18 Jan 2023 by Leave a Comment
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
People Moves: Nasfund, Newcrest Mining, ANZ Bank, NAC, Vodafone, East West Transport, BAPNG, PNG Air
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20 Dec 2022 by Leave a Comment
New CEOs for Nasfund and ANZ Bank, Newcrest CEO retires, changes at National Airports Corporation, new GM for East West Transport and new marketing head at Vodafone PNG and
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