Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.
Landmark agreement: Papua New Guinea increases its stake in future LNG exploration projects with Total
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12 May 2021 by 13 Comments
Vive le gaz! Total and Papua New Guinea ‘remobilise’ Papua LNG
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10 May 2021 by Leave a Comment
There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.
Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD
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30 Apr 2021 by Leave a Comment
Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.
Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea
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6 Apr 2021 by Leave a Comment
Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.
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.
Papua New Guinea falls in mining investment rankings
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5 Mar 2021 by 1 Comment
Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.
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.
In brief: Talks with Total to resume and other business stories
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7 Dec 2020 by Leave a Comment
Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.
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.
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