By 2032, it is anticipated that the Papua Liquefied Natural Gas project (Papua LNG) would produce an additional 2–3 million tonnes of liquefied natural gas annually. Given that Total Energies announced FEED (front-end engineering and design) for the Papua LNG Project in July of this year, Minister for Petroleum and Energy Kerenga Kua believes that PNG ...

Craig Schulz has been appointed as Kumul Petroleum Holdings Limited's new chief operating officer, filling a long-standing vacancy. According to managing director Wapu Sonk, it is essential that they have senior technical management personnel who are sufficient and properly qualified given their current level of operations in the petroleum sector, in n...

Photo credit: PNG Chamber of Mines and Petroleum - Stephen Quantrill The Pasca A gas project's developer, Twinza, is prepared to collaborate with regional members of parliament to identify and reap the community advantages of the Pasca Development project. Stephen Quantrill, the executive chairman of Twinza, stated as much at a briefing for the PNG ...

According to Peter Laden, managing director of ExxonMobil PNG Ltd, there are major sources of LNG (liquefied natural gas) supplies outside of Papua New Guinea (PNG). According to Laden, PNG presently accounts for 2% of the market for LNG, which produces eight to nine million tonnes annually. “In the future, even after Papua LNG, we will still repres...

Photo credit: TotalEnergies  According to an official, Papua New Guinea would gain K86 billion from the Papua LNG project throughout its lifetime. Jean-Marc Noiray, managing director of Total Energies PNG Ltd, made the comments at the induction ceremony for new lawmakers in Port Moresby. He said this when acknowledging the country’s laws and regulat...

The Pasca A offshore gas project in Gulf will go ahead once the gas agreement is signed and the petroleum development licence (PDL) is approved, says developer Twinza. Robert Gard, the chief executive officer of Twinza, made the statement while attending the recent induction ceremony for the 11th National Parliament in Port Moresby. “We are awaiting...

The Pasca A project's discussions will resume, according to Prime Minister James Marape.  Marape said that they would start dialogue with them after negotiations had been stalled for months. “I assure resources licence holders for Wafi-Golpu, Pynyang, Papua, Pasca A, and Porgera that to enjoy the benefits of the current regime, we need to work toget...

Photo credit: Jason Reed Santos today announced its half-year results for 2022, reporting record free cash flow of US$1.7 billion and underlying profit of US$1.3 billion. The results reflect significantly higher oil and LNG prices compared to the corresponding period due to stronger global energy demand combined with a higher interest in PNG LNG follow...

Commenting on the recent announcement by TotalEnergies that the Papua LNG joint venture will launch the first phase of front-end engineering and design (FEED) studies for upstream production facilities on the 5.4 Mt/year LNG project that they are operator of,  Kumul Petroleum managing director Wapu Sonk was congratulatory. He said, “As a potential co-v...

Photo credit: TotalEnergies TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities. In parallel, studies for the downstream liquefaction facilities are progressing in line with the ove...

Photo: One of Oilmin’s Campsites in PNG In Papua New Guinea, Field Service providers are constantly challenged to adapt their operations based on the particular conditions encountered at the Project area of operations. A company which has been in the business of providing these services to the oil, gas and mining sectors for the past 30 years is O.M...

Photo: Santos is in a strong position with the announcement of the next tranche of backfill gas to maintain PNG LNG production and the final investment decision on the Angore Development project. According to Brett Darley, Santos President Upstream Oil and Gas, who spoke at the recent Australia PNG Business Forum in Brisbane, the first gas from Ango...

Since the start of LNG production, more than K14 billion has delivered sent to the state from the PNG LNG project. ExxonMobil in 2021 delivered K2.2 billion to the State. K7.1 billion to Kumul Petroleum Holdings Limited and an estimated K4.5 billion in various taxes were paid to the Internal Revenue Commission since Production in 2014. “The revenues...

On May 8, 2022, the Independent Consumer and Competition Commission will remove the 10% GST on fuel products from its calculation template. At a news conference in Port Moresby, ICCC chief commissioner and interim chief executive officer Paulus Ain announced. He stated that the import duty and excise duty on gasoline, diesel, and ZA1 will be totally...

Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record production, sales revenue and free cash flow in the first quarter, demonstrating the strong performance of the base business and strategic benefits of our diverse portfolio. Strong production combined with higher commodity prices delivered record quarterly...

The $US12 billion Total-led Papua LNG Project will begin front-end engineering and design in June 2022. Total Energies Senior Vice President Asia Pacific Julien Pouget verified this, who stated that the business is dedicated to seeing that the project is completed, adding that the PNG Total Energies team, led by managing director Jean-Marc Noiray, is o...