Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea
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1 Aug 2023 by 5 Comments
In brief: Kumul Petroleum signs deal to build fabrication facility and other business stories
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14 Mar 2023 by Leave a Comment
Kumul Petroleum signs deal to build fabrication facility, Nasfund announces net profit and feasibility study for the Mongi hydroelectric project. Your business news in summary.
Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
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1 Mar 2023 by 2 Comments
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.
Analysis: Is Papua New Guinea’s economic bust over?
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18 Jan 2023 by Leave a Comment
Is Papua New Guinea’s economy set for its next boom? Devpolicy’s Stephen Howes and Alyssa Leng examine the signs of a turnaround.
Papua New Guinea’s resources sector to gather in Sydney
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23 Nov 2022 by Leave a Comment
Next month’s 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney (5 to 7 December) will mark the event’s return for the first time since the COVID-19 pandemic. Business Advantage PNG previews what to expect.
In brief: Papua New Guinea’s Treasurer meets with global rating agencies & other business stories
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5 Oct 2022 by Leave a Comment
Treasurer Ian Ling-Stuckey met with two global rating agencies to talk about Papua New Guinea and its loan history, the United States pledges about K2.8 million in programs for the Pacific and Prime Minister Marape green lights the Japan Development Institute to work on a new Special Economic Zone (SEZ) Master Plan. The business news you need.
Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project
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27 Sep 2022 by Leave a Comment
State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea’s oil and gas sector with global LNG demand increasing.
Rising oil price to impact Papua New Guinea, says Puma Energy Country Head
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3 Mar 2022 by Leave a Comment
The rising oil price will have a significant impact on Papua New Guinea this year, according to the Country Manager and Director for Puma Energy, Hulala Tokome.
Fabrication of Papua New Guinea’s new gas projects could be done in-country
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29 Sep 2021 by 3 Comments
A new fabrication facility being planned to support the next wave of gas projects in Papua New Guinea could create as many as 15,000 jobs and enable Papua New Guinea to compete for regional work, according to Wapu Sonk, Managing Director of Kumul Petroleum.
Oil and gas: a risky business [opinion]
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17 Aug 2021 by 1 Comment
How can investors evaluate the changing oil and gas risk landscape? And what does it mean for valuations? Ian Thom, Director, Middle East Upstream Research, Wood Mackenzie, explains.
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