Fabrication of Papua New Guinea’s new gas projects could be done in-country

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A new fabrication facility being planned to support the next wave of gas projects in Papua New Guinea could create as many as 15,000 jobs and enable Papua New Guinea to compete for regional work, according to Wapu Sonk, Managing Director of Kumul Petroleum.

In brief: Papua New Guinea’s Prime Minister says P’nyang project could be a ‘win-win’ and other business stories

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Prime Minister James Marape to visit ExxonMobil’s headquarters, Telikom/bmobile merger to be finalised this month, and delays in Porgera’s reopening. The business news you need today.

New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’

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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.

In brief: Papua New Guinea’s Prime Minister talks about Wafi-Golpu and other business stories

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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.

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

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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.

People moves: Kumul Petroleum Holdings, Oil Search, International Finance Corporation

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Kumul Petroleum Holdings Limited (KPHL) welcomes new directors to its board, departure from Oil Search board, and the International Finance Corporation (IFC) gets a new Regional Director.

In brief: PNG Tourism Promotion Authority reveals exit survey numbers and other business stories

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Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.

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.