Prime Minister Hon. James Marape announced that Papua New Guinea continues to be a prime destination for business ventures, highlighted by PetroChina International Co. Ltd’s recent entry into the nation’s hydrocarbon industry. On a historically significant day for the oil and gas sector on Wednesday, April 17, 2024, Prime Minister Marape officially wel...

James Marape, the Prime Minister of Papua New Guinea and Patrick Pouyanné, Chairman and CEO of TotalEnergies, met together to discuss the status of the Papua LNG project. On this occasion, Patrick Pouyanné reaffirmed to the Prime Minister that TotalEnergies, operator of the project, and its international partners ExxonMobil, Santos, JX Nippon, are full...

Prime Minister Hon. James Marape recently announced the Government’s determination to diversify Papua New Guinea’s fuel sources. This announcement came upon his return from a two-day visit to Singapore, where discussions were held with Puma Energies, the nation’s primary fuel supplier, and various other potential suppliers. The Prime Minister announced...

 The Government and the project partners for the US$12 billion (or K36 billion) P'nyang LNG project in Western signed the Fiscal Stability Agreement on March 18, 2024 in Port Moresby. [1] Prime Minister James Marape was present at the signing at the Government House, Konedobu. He expressed his gratitude and commendation to ExxonMobil, the project partn...

A shipment of diesel and Jet A1 was recently discharged at NapaNapa to assist the country address its current fuel shortage crisis. The National Government, under the Essential Services Act and through an NEC decision, mandated Kumul Petroleum Holdings to find commercial solution to help the country manage the energy crisis. KPHL took over a shipment o...

Prime Minister Hon. James Marape has begun discussions with alternate global fuel traders to open up the market to properly secure the country’s energy supply needs. Prime Minister Marape is being accompanied at these meetings by Petroleum Minister, Hon. Jimmy Maladina. PM Marape said, “We are in initial discussions with reputable global fuel trader...

Kumul Petroleum Holdings Limited, Papua New Guinea’s national petroleum and energy company, announced recently that all necessary verification had been completed with the representative company of the PDL 2 landowners, enabling them to receive their portion of accrued Kroton Equity Option (KEO) preferential dividends. Wapu Sonk, Managing Director of Ku...

During the 2023 PNG Resources and Energy Investment Conference and Exhibition in Sydney last 11 December, Brett Darley, Santos Executive Vice President for Eastern Australia and PNG, highlighted Santos as one of Australia’s biggest domestic gas suppliers and a leading Asia Pacific LNG supplier. Darley expressed his gratitude to the PNG Chamber of Resou...

It was a significant milestone for the Department of Petroleum and Energy after its completion of the National Ministerial Determination No. G967, No.G968 and No. G969  for the Papua LNG Project that was successfully gazetted and published on the 6th of December by the Government Print Office. This was announced officially by the Minister of Petroleum ...

Steamships’ logistics division has invested more than Kina 80 million (approximately USD21 million) in the acquisition of three tug and barge sets to support Papua LNG projects. These tugs and barges have been transferred into the Papua New Guinean flag, expanding the availability of high quality locally owned marine assets available to LNG operators and ...

Jerilai Pujari Holdings Limited (JPHL) and OM Holdings Limited (trading as Oilmin Field Services- OFS), have jointly announced their partnership, resulting in the establishment of Jerilai Pujari Field Services Limited (JPFSL) with an equal 50% ownership stake with equal representatives from both companies sitting on the JPFSL Board. In 2014, the 11 cla...

The Government of Papua New Guinea is set on establishing carbon-negative clean energy as its priority over crude oil and coal even as it takes its place among carbon-trading countries. Prime Minister James Marape revealed this recently at the Petroleum and Energy Conference at Hilton Hotel along with planned major legislative measures as PNG is set to...

The Government is set to make significant legislative changes in the energy sector, with plans to introduce a bill to establish the National Petroleum Authority in Parliament before the year's end, according to the announcement made by the Minister of Petroleum and Energy, Kerenga Kua, during the recent Petroleum and Energy Conference. Minister Kua out...

Kumul Petroleum Holdings has announced that it has finalised agreement with Santos to purchase a 2.6% equity interest in the PNG LNG Project for US$576 million, plus US$160 million share of project debt. Kumul Petroleum’s managing director, Mr Wapu Sonk said, “This transaction is the culmination of many months of discussions that have taken place with ...

Earlier in June, Don Bosco Technical School (DBTS) entered a Memorandum of Understanding with TotalEnergies EP PNG (TEP PNG) as operator of the Papua LNG project, to receive assistance through a scholarship program. The program was rolled out last month, with scholarships available to students studying technical trades at DBTS and the event today, was ...

During questions without notice on the 9th of August, 2023 Rufina Peter, the Governor for Central Province, in a two-part question asked the Minister for Petroleum and Energy, Kerenga Kua, if a firm determination of gas reserve volume from the Elk/Antelope fields had been fixed and confirmed for future revenue, planning, and budgetary purposes. “Papua ...