Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.
Large-scale fabrication plant to underpin industrial park outside Papua New Guinea’s capital
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14 Feb 2024 by Leave a Comment
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.
In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
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15 Feb 2023 by Leave a Comment
Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
Welcome,
1 Feb 2023 by 1 Comment
Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
Papua New Guinea’s Sovereign Wealth Fund: the clock is ticking [analysis]
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18 Nov 2022 by Leave a Comment
Is it now or never for Papua New Guinea’s Sovereign Wealth Fund? Alyssa Leng and Stephen Howes of the Australian National University’s Development Policy Centre tell us what could be lost if PNG doesn’t act now.
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.
TotalEnergies’ Papua LNG project finally moves into FEED in Papua New Guinea
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28 Jul 2022 by Leave a Comment
The progress of Papua New Guinea’s next major gas project, Papua LNG, appears on schedule as operator TotalEnergies announces the project is entering its front end engineering and design (FEED) stage. The company is promoting the project’s low carbon credentials.
ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations
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25 Aug 2021 by 2 Comments
After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.
Santos and Oil Search agree terms for merger: what’s next?
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2 Aug 2021 by 3 Comments
The merger of two of the major players in Papua New Guinea’s oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
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’.
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