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
Hundreds of businesses register for Papua LNG early works contracts
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19 Jul 2023 by 3 Comments
Ahead of registrations for early works contracts on Papua LNG closing, the Institute of Banking and Business Management’s CEO Susil Nelson-Kongoi walked Business Advantage PNG through recent developments
Local companies encouraged to step-up for early works contracts on Papua LNG
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7 Jun 2023 by 2 Comments
A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
In brief: Papua LNG spending to help revive forex market and other business stories
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5 Jun 2023 by Leave a Comment
Papua LNG spending to help restore Papua New Guinea’s foreign exchange market, Bank of China opens representative office in Port Moresby and New Porgera clarifies future payments to Barrick.
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.
Papua LNG project moves to FEED stage: what’s next?
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7 Mar 2023 by 1 Comment
The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage – the last major stage before the $US10 billion project is given a green light. We look at what happens next.
Economic update 2023: Papua New Guinea’s year of gearing up
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28 Mar 2023 by 3 Comments
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
Four questions for Thomas Bellamy, COO of Steamships Logistics Division
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18 Jan 2023 by 1 Comment
Steamships’ Logistic Division is Papua New Guinea’s largest transport and logistics provider – and it’s making some significant new investments. Chief Operating Officer Thomas Bellamy tells Business Advantage PNG what’s in store for 2023 – and what’s driving growth.
2023: what can Papua New Guinea business expect from the year ahead?
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18 Jan 2023 by Leave a Comment
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
Marape flags new resources regime for Papua New Guinea
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7 Dec 2022 by Leave a Comment
Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.
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