Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.
Mayur’s Central Lime and Cement project receives Special Economic Zone status, Porgera mine announcement coming on 16 September and COVID cases increase in Papua New Guinea. The business news you need today.
Grow PNG announces new Executive Director.
It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
Air Niugini announces restrictions to travel to Sydney, Prime Minister Marape says Wafi-Golpu could be expected in December and Twinza Oil gets an ultimatum. The business new you need today.
Awarding the Pandora gas field license to Papua New Guinea’s oil & gas national company spells potential significant changes to the way licenses are granted in the country.
Super Value Stores welcomes new Chief Executive Officer and the 2023 Pacific Games appoint new boss.
The three day Business Advantage Papua New Guinea Investment Conference got off to a flying start on Tuesday 7 September, with no less than two prime ministers and a host of other expert speakers addressing the digital forum.
Markus Scheuermaier is the International Finance Corporation’s (IFC) new Resident Representative in Papua New Guinea. He shares his thoughts on how the IFC can make the most difference in PNG with Business Advantage PNG.