With a gas agreement finally executed for the US$10 billion ExxonMobil-led P’nyang gas project, and a start date provided for front end engineering and design for TotalEnergies’ Papua LNG project, Papua New Guinea’s energy sector now has a clear roadmap for the rest of the decade.
Papua New Guinea’s LNG roadmap clearer following signature of P’nyang gas agreement
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23 Feb 2022 by Leave a Comment
In brief: ICCC approves Telstra’s acquisition of Digicel and other business stories
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21 Feb 2022 by Leave a Comment
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Five reasons you should attend the 2021 Papua New Guinea Investment Conference online
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30 Aug 2021 by 1 Comment
The three-day 2021 Business Advantage Papua New Guinea Investment Conference starts live-streaming at 9am on Tuesday 7 September. Andrew Wilkins, Publishing Director and conference host, Business Advantage International, outlines the reasons why this is the year to attend.
The P’nyang effect: Fitch downgrades Papua New Guinea’s LNG export projections
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15 Mar 2021 by 2 Comments
The delaying of negotiations over ExxonMobil’s proposed plan to develop the P’nyang gas field has led analyst Fitch Solutions to downgrade Papua New Guinea’s LNG export projections.
Total SA and Papua New Guinea sign key agreement for Papua LNG to move forward
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12 Feb 2021 by Leave a Comment
The long-awaited signing of the Fiscal Stability Agreement between the Papua New Guinea government and Total SA has been announced. It opens to the way for the project to go forward.
Total expected ‘shortly’ in Papua New Guinea to advance Papua LNG, says Kumul Petroleum MD
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3 Feb 2021 by 4 Comments
The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.
People moves: ExxonMobil, NDB, NBPOL, Twinza, Minister for Foreign Affairs, Pacific Community, Capital Insurance Group, Papua New Guinea Cocoa Board, Kumul Telikom Holdings
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27 Jan 2021 by Leave a Comment
ExxonMobil announces executive changes, the National Development Bank names a new Chief Financial Officer, New Britain Palm Oil appoints new boss, Lae gets a new Consul-General, Pacific Community welcomes a Deputy Director-General Operations and Integration, Capital Insurance Group names Chief Operating Officer, new head for Papua New Guinea Cocoa Board and announcement at Kumul Telikom Holdings.
Oil Search tightens the purse strings and focuses on Papua LNG
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25 Nov 2020 by 1 Comment
Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
In brief: Papua New Guinea and Japan strengthen ties and other business stories
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24 Aug 2020 by Leave a Comment
Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.
How Papua New Guinea’s informal and local economy can get through the COVID-19 crisis
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23 Mar 2020 by Leave a Comment
The economic fallout from the coronavirus (COVID-19) is creating havoc across world markets and economies. According to the ratings agency Fitch, Papua New Guinea’s formal economy will be affected, but the story could be different for its informal and local economy.
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