New laws, new projects, new power: Kumul Petroleum’s MD on Papua New Guinea’s petroleum and gas future

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In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.

In brief: Kumul Petroleum awards contracts for a new power generation facility and other business stories

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Kumul Petroleum Holdings advances plans for a new power generation facility, new Australian new travel requirements and Ok Tedi Mining announces final dividend. Your round-up of the latest business news.

Fair share? Papua New Guinea’s move to production sharing in resource projects questioned

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The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.

Papua New Guinea’s proposed new resources law aims to shake up old ownership models

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A new organic law defining how Papua New Guinea manages resource projects may soon be tabled in Parliament. It appears the main aim will be to change ownership and control of future projects, but will it spook international investors?

In brief: Papua New Guinea and Japan strengthen ties and other business stories

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Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.

People moves: KPHL, PNG Air, Geopacific Resources

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Kumul Petroleum Holdings Ltd (KPHL) announces a new Chairman of the Board, PNG Air welcomes a Company Secretary and Geopacific Resources appoints a CEO.

Fair split: finding an oil and gas model that works in Papua New Guinea

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Papua New Guinea is making changes to its approach to oil and gas projects, suggesting the country gets a worse share of revenues than other comparable nations. John Chambers, General Manager of Santos, considers some of the options used internationally.

Oil change: Marape to alter Papua New Guinea’s oil and gas legislation

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Prime Minister James Marape has introduced changes to Papua New Guinea’s oil and gas law, claiming it will benefit the country’s ‘national interest’. The changes may well represent a major shift in the way projects are developed in the future.

In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

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Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.

In brief: Asian Development Bank to invest in Kina and other business stories

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Kina and the Asian Development Bank join forces, the Bank of Papua New Guinea launches its ‘regulatory sandpit’, and PNG’s first rooftop solar power trial begins. This is your weekly digest of business news.