Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs
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23 Oct 2024 by 1 Comment
Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow
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23 Oct 2024 by Leave a Comment
After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of large new investments in its resources sector. We hear from some of the key players.
Editorial: Patience and persistence yields results in major resources projects
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23 Oct 2024 by Leave a Comment
Looking back over the history of resources development in Papua New Guinea, the need for patience and persistence is clear.
Twinza Chair: Pasca A deal sets up ‘strategic alliance’ with MRDC
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18 Jun 2024 by Leave a Comment
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
ExxonMobil PNG’s Tera Shandro on the next decade of LNG in Papua New Guinea
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7 May 2024 by 2 Comments
A decade on from the opening of PNG LNG, Papua New Guinea’s first gas project, ExxonMobil PNG’s Chairperson and Managing Director Tera Shandro reflects on the progress so far and the potential of forthcoming projects such as the K5 billion Angore project and the Wildebeest prospect.
Economic update: Papua New Guinea’s decade of growth begins
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9 Apr 2024 by 1 Comment
As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
Papua New Guinea faces higher fuel prices as shortages continue
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29 Feb 2024 by Leave a Comment
Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy’s operations in the country. Meanwhile, short-term solutions are being put in place.
Papua LNG investment decision faces delay as financiers grapple with climate concerns
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13 Dec 2023 by 4 Comments
The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.
Decarbonisation: what’s the business opportunity and how does PNG get involved?
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25 Oct 2023 by Leave a Comment
The decarbonisation of the global economy is going to create the greatest investment opportunity of our lifetime, according to KPMG’s Global Oil and Gas Lead, Jonathan Parker. But how do companies prepare, and what role does government have in making it happen?
Conference catches Papua New Guinea of the cusp of a new era of investment
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21 Aug 2023 by Leave a Comment
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
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