Landmark agreement: Papua New Guinea increases its stake in future LNG exploration projects with Total

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Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.

Vive le gaz! Total and Papua New Guinea ‘remobilise’ Papua LNG

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There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.

Oil Search tightens the purse strings and focuses on Papua LNG

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Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.

In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories

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The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]

In brief: Papua New Guinea ends talks with Exxon on P’nyang agreement, and other business stories

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Papua New Guinea says no to P’nyang gas project, Prime Minister James Marape confident in ‘five-train LNG’ and new date for plastic bag ban. The business news you need to kick-start your week.

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: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories

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Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.

Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement

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Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.

Papua LNG head talks exclusively about the future of the project

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With the signing of the Papua LNG gas agreement with Papua New Guinea’s government imminent, Managing Director of Total PNG Ltd, Jean-Marc Noiray, shares his thoughts on the US$10 billion Papua LNG project with Business Advantage PNG.