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 producing nations. John Chambers, General Manager of PNG LNG venture partner Santos, has considered 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.

New rules, more independence: Kumul Petroleum’s future

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Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.

In brief: PNGX announces the launch of six indices and other business news

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PNGX to launch six indices, Oil Search reports sluggish third quarter results, and Geopacific Resources on track to fund Woodlark. Your weekly digest of business news.

In brief: new guidelines for Kumul Petroleum Holdings and other business news

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Kumul Petroleum Holding Limited has been asked to cease exploration, drilling and greenfield investments, the World Bank has released an economic update signalling economic slowdown in Asian and Pacific economies, and K92 Mining has released its Q3 results above budget. Your weekly digest of business news.

US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea

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Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.

In brief: Kumul Telikom Holdings announces major price reductions on internet rates

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Kumul Telikom Holdings has slashed internet rates, Kumul Petroleum Holdings has been asked to report on its earnings since 2014, and a cable laying ship has arrived in Port Moresby to work on the Coral Sea Cable system. Your weekly digest of business news.

Kumul Petroleum’s ambitious plans to boost electrification in Papua New Guinea

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Papua New Guinea’s national oil and gas company plan to  increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.