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.
Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project
Welcome,
27 Sep 2022 by Leave a Comment
People moves: Kumul Petroleum, Santos
Welcome,
12 Sep 2022 by Leave a Comment
Kumul Petroleum Holdings Limited fills in Chief Operating Officer position and Santos announces People & Culture Partner.
In brief: new National Elections dates and other business stories
Welcome,
27 Apr 2022 by Leave a Comment
BSP Financial Group announces Q1 results, Qantas Airways resumes flights to Papua New Guinea and Lole Mining gets mining lease for ambitious project in Central Province. The business news you need today.
In brief: ICCC approves Telstra’s acquisition of Digicel and other business stories
Welcome,
21 Feb 2022 by Leave a Comment
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
In brief: new rules for international travellers visiting Papua New Guinea and other business stories
Welcome,
2 Feb 2022 by Leave a Comment
Vaccination requirements and 60-day approvals for international travellers, PNG DataCo gets over K60 million worth of Telikom assets and Santos strikes deal with newly minted joint venture. The business news you need today.
In brief: Papua New Guinea’s foreign exchange reserves up and other business stories
Welcome,
27 Jan 2022 by Leave a Comment
Head of bank comments on foreign exchange improvement at the end of last year, alluvial mining reserved for Papua New Guineans. and Santos reports record profits. The business news you need today.
People moves: Bank of Papua New Guinea, Paradise Foods, Fortescue, OTML, Santos, MiBank, Credit Corp
Welcome,
19 Jan 2022 by Leave a Comment
Changes at the Bank of Papua New Guinea, Paradise Foods announces new CEO, change at Fortescue Metals, Ok Tedi Mining Ltd (OTML) welcomes new board member, Santos appoints Chief Financial Officer, MiBank gets Independent Directors, and Credit Corp announces Non-Executive Director.
‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange
Welcome,
10 Dec 2021 by 4 Comments
Santos is listing on Papua New Guinea’s stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange’s largest listing, providing PNG’s capital markets with a timely boost.
Oil Search’s shareholders vote overwhelmingly to merge with Santos
Welcome,
7 Dec 2021 by Leave a Comment
Oil Search’s shareholders have voted overwhelmingly to approve its merger with fellow petroleum and gas company Santos at a special shareholders meeting. With National Court and ICCC approval also received, the way is clear for the creation of a A$23 billion (K56.88 billion) resources company.
In brief: Santos submits application for Oil Search merger to ICCC and other business stories
Welcome,
17 Nov 2021 by Leave a Comment
Santos and Oil Search merger now in the hands of the ICCC, DataCo reduces wholesale prices by 66 per cent for metro fibre connectivity services, and Treasurer Ling-Stuckey receives report on the Central Bank Act 2000 review. The business news you need to know.
USD 0.2840
AUD 0.4288
GBP 0.2528
EUR 0.2889
NZD 0.4869
JPY 40.37
SGD 0.4032
Recent readers’ comments