About 200 companies have shown interest in the Gulf of Papua Pasca A gas project. This was after developer Twinza put out an expression of interest for companies to provide services to the project. Both local and foreign owned companies have shown interest to provide services during the construction and operation of the country’s first ever offshore gas p...

There are some gaps in the Oil and Gas Act, says Twinza Oil and Gas project development manager Erik Kowa. Mr Kowa said this at the recently held Mining and Petroleum conference in Port Moresby. He said the current Oil and Gas Act is great, however, there are some gaps in there that could be improved. “Stakeholders of the chamber, we can raise this to wor...

Prime Minister Hon. James Marape, MP recently welcomed representatives of the LNG Japan Corporation to Papua New Guinea.During a recent meeting with this high-level delegation, PM Marape said PNG welcomes any investments in the Petroleum Sector and as Prime Minister; he was ready to give 100 per cent support if LNG Japan Corporation would create employmen...

Papua New Guinea’s plans to expand its liquefied natural gas (LNG) production to meet rising demand in the Asia-Pacific region was one of several topics explored by Wapu Sonk, Managing Director of Kumul Petroleum Holdings.This was in a wide-ranging interview he gave recently to Oxford Business Group’s online broadcasting channel, Global Platform.The full ...

Prime Minister James Marape has presented the amendment bill of the Oil and Gas Bill 2019 to amend the Oil and Gas Act 1998 relating to development levies. In presenting the Bill, Mr Marape said the Oil and Gas Act 1998 section 160 subsection 6 provides the payment of development levies into trust accounts for those provincial and local level governments ...

OIL Search Ltd is positioned to double production in the next six years, chief operating officer John Kurz says. Kurz attributed this to the company being the country’s largest single investor and the most active explorer which had also seen it expanding to purchasing asset in Pikku, Alaska. “We have a bright future,” he said. While providing the company’...