Papua New Guinea’s leading rice manufacturer and distributer, Trukai Industries Limited has reached a significant milestone as it reaches its 50thanniversary in PNG.From its humble beginnings in Lae, Morobe Province, on February 17, 1970, the company has now grown to be a leading household name in PNG with over 1,000 employees and 12 distribution centres ...

Papua New Guinea on Friday called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a $13 billion plan to double the country’s gas exports by 2024.The government said Exxon had refused to budge on the financial terms for developing the gas field and failed to come up with an offer it could accept.The P’nyang field wa...

TEN legislative amendments to the Papua LNG project gas agreement were passed during the final quarter of 2019, according to Oil Search Ltd. The company, a partner in the project, noted in its final quarter report that it was while detailed discussions took place between PRL 3 (P’nyang) joint venture and the Government on the terms for the P’nyang field d...

A growing number of PNG businesses are enjoying the benefits of sourcing a diverse array of quality products direct from Chinese factories. Sourcing direct, as opposed to via retailers and wholesalers, cuts out expensive middlemen, saving businesses thousands and making them more competitive. Sourcing from the manufacturing mecca of China provides busines...

Pacific Towing, the region’s dominant marine services provider, has introduced an in-water Hull Cleaning service. A first for PNG and indeed Melanesia, this crucial service will save shipping companies potentially hundreds of thousands of kina. Hull cleaning is necessary when there is a build-up of marine fouling such as barnacles or tubeworm. It is a vit...

The Papua New Guinea government has signalled that negotiations with ExxonMobil on the terms of a $20 billion LNG expansion are inching towards a resolution, but has made it clear it won't back down on a deadline for the development of a major gas field.Talks between the government's negotiating team and Exxon are understood to be taking place in Sydney t...

Papua New Guinea’s fuel and energy supplier Puma Energy said both its domestic and international fuel and energy supply lines will not be affected with the transition from diesel to liquefied natural gas (LNG) power generation when Niupower and Dirio projects come online. In a response to queries from Post Courier about Niupower and Dirio fuel to gas tran...

Western Province political leaders are considering a ‘no gas deal’ position for the soon to be concluded P’nyang LNG Gas Agreement if their provincial interests are not captured in the final negotiated terms. The leaders have also declared a no deal position until proposed amendments to the Oil and Gas Act 1998 are made. But these are contrary to the stat...

PAPUA New Guinea is not immune to the world market and will be impacted as a result of tensions between the United States (US) and Iran, which has caused a spike in oil prices, says an executive. Puma Energy PNG Ltd country general manager and director Hulala Tokome said the company had seen an increase in crude oil prices as a direct result of the rift b...

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’...

By: Hayley Danielle "Opportunities don't just happen, you need to create them" - Mark StevenIntroducing you to the side hustle; A type of employment undertaken in addition to one's full-time job. Side hustles are often things a person is passionate about, rather than a typical day job worked in order to make ends meet and I have the pleasure of knowing th...

The Papua New Guinea Mining and Petroleum Conference and Exhibition kicks off today for the next three days December 3-5 at the Stanley Hotel & Suites in Port Moresby in the nation’s capital.More than 1,000 participants are expected to attend the biennial conference and expo, to be held in conjunction with the main conference.Yesterday business houses...

A Papua New Guinean is one of only nine (09) finalists in a global drone competition after his innovative idea was chosen from among nearly 1,000 worldwide entries.When WeRobotics launched the Unusual Solutions Competition back in June 2019, they wanted to find innovators using drones and data to address their communities’ most pressing challenges. Partic...

This is a story about a complex workplace issue - drug resistant TB and the time it takes to make a difference to change health behaviours. Most importantly it is a story about, Vidi, a TB patient and Brian Bell employee and Joan a TB warden at Brian Bell. Vidi is a 28-year-old man from Central and New Ireland who has worked with Brian Bell since 2016. J...

By: Alasdair Smith, Strategic Projects Manager, OceaneeringDigitalisation and improved data capture can positively impact asset performance and efficiency in a number of ways. It can help confidently assure the condition of production equipment through streamlined inspection and maintenance programmes and also help assure safety and reduce risk for person...

From Papua New Guinea to Singapore, New Caledonia, Fiji and Australia, five young Papua New Guinean women are following their dreams of becoming future deck officers in the maritime industry – and experiencing new cultures and professional challenges in the process.The young seafarers are undertaking a three-year maritime cadetship through an innovative p...

After three years of delays and frustrations, Anitua Housing Solutions (AHS) celebrated a significant milestone in October at its large-scale housing development at Kennedy Estate - 7 Mile, Port Moresby. The first set of keys in its 158 house project was handed over to PNG’s latest homeowner. "I am happy to finally move in and my family and I now have a p...

Mining Investment Asia (https://www.mininginvestmentasia.com/), South East Asia’s largest mining conference and exhibition showcasing South East Asia’s mining sector to an international audience of investors and various mining stakeholders, is scheduled to return to Singapore from 17 - 19 March 2020. For this 6th edition, a brand new full day segment ent...

Marine pilotage plays a vital role in marine safety and accident prevention ensuring designated sea ports continue to contribute to economic prosperity through import and export via international commerce and trade.As professionally licensed mariners, pilots board and assume the conduct of a vessel and guide it along the safest route to its port of call.A...