New Chairman for Kumul Petroleum Holdings Limited, Nautilus names a new Managing Director, the National Gaming and Control Board reappoints CEO, Papua New Guinea Customs Chief Commissioner gets a five-year term.
People Moves: Kumul Petroleum, Nautilus, National Gaming and Control Board, PNG Customs, Provincial Administrators
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9 Apr 2019 by Leave a Comment
US$10 billion Papua LNG agreement signed between Papua New Guinea government and developers
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9 Apr 2019 by Leave a Comment
The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG’s gas production, represents the second-largest foreign direct investment ever in the country.
Papua LNG head talks exclusively about the future of the project
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3 Apr 2019 by 1 Comment
With the signing of the Papua LNG gas agreement with Papua New Guinea’s government imminent, Managing Director of Total PNG Ltd, Jean-Marc Noiray, shares his thoughts on the US$10 billion Papua LNG project with Business Advantage PNG.
Date announced for Papua LNG gas agreement in Papua New Guinea
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20 Mar 2019 by Leave a Comment
Papua New Guinea’s Prime Minister Peter O’Neill has announced a date for the signing of the gas agreement for the US$13 billion Papua LNG project. Opening the PNG Petroleum and Energy Summit in Port Moresby yesterday, he also outlined some of the key elements the agreement will contain.
Papua New Guinea’s fiscal regime for resources projects ‘fair,’ says Santos GM
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29 Jan 2019 by Leave a Comment
Papua New Guinea has a ‘fair and reasonable’ fiscal regime for resources when compared with its neighbours Australia and Indonesia, according to John Chambers, General Manager PNG for Santos. He outlines three approaches used around the world to deliver benefits from projects.
In brief: Ramu NiCo announces K4.8b expansion plans, and other business news
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2 Oct 2018 by Leave a Comment
Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.
In brief: A PPP venture mooted for Hela Province, and other business news
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21 Aug 2018 by Leave a Comment
A PPP agricultural venture mooted for Hela Province, first rice harvest from Morobe farm, and Rami Nicu leading the industry in red laterite development. Your weekly digest of the latest news.
Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea
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22 May 2018 by 1 Comment
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
In brief: KPH and Total to market LNG sales jointly, and other business stories
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13 Feb 2018 by Leave a Comment
Joint venture to sell Papua LNG output, Second mining lease issued in Bougainville, Cabinet approves Ramu Two project. Your weekly digest of the latest business news.
In brief: Design of floating LNG plan underway, and other business stories
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8 Nov 2017 by Leave a Comment
Kumul Petroleum signs MOU for design of floating LNG plant, K64 million tourism support for Milne Bay and ENB provinces, and BSP reports K185 million Q3 profit. Your weekly digest of the latest business news.
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