As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing.
Horizon Oil seeks assurance from Kumul Petroleum its Western Pipeline proposal is viable
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24 Oct 2017 by 3 Comments
Oil Search share sale represents a win for Papua New Guinea, says analyst
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27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
In brief: Tourism brings in only US$105 million in the first half of 2017, and other business stories
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27 Sep 2017 by 1 Comment
Tourism brings in only US$105 million in the first half of 2017, Lae businesses downturn about 30 per cent, says business leader, and SP Hunters win. Your weekly digest of the latest business news.
Simulated gas processing plant for Papua New Guinea’s oil and gas training academy
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17 Jul 2017 by
A simulated gas processing plant has arrived in Port Moresby for use at the new Kumul Petroleum Academy, and is due to begin operating by September.
People moves: Kina Securities, Kumul Petroleum Holdings
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27 Jun 2017 by
A new CEO for Kina Securities after Syd Yates decides to retire, Kumul Petroleum Holdings appoints head of new energy business unit.
In brief: CPL recovering from fire at headquarters and warehouse, and other business stories
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21 Jun 2017 by Leave a Comment
‘Too early’ to identify cause of fire at country’s largest retailer’s headquarters and warehouse, assessment of submarine cable underway, and Competition Commission says InterOil takeover may affect market for pipelines. Your weekly digest of the latest business news.
People moves: Kumul Petroleum, PoMSOX
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4 Apr 2017 by
A new Chair of Kumul Petroleum and a new General Manager of the Port Moresby Stock Exchang
In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories
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1 Mar 2017 by Leave a Comment
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
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1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
In brief: Supplementary Budget in January to address tax measures, and other business stories
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6 Dec 2016 by Leave a Comment
Treasurer says Supplementary Budget will review tax measures proposed in the 2017 Budget, sufficient geothermal power in PNG for years to come, and Philippines asked to ban fishing companies operating in PNG. Your weekly digest.
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