Santos today announced that had it had come on board as a platinum sponsor of K300, 000 for the World Indigenous Business Forum (WIBF) 2023 which will be hosted in Port Moresby on October 24-26, 2023. Santos Papua New Guinea (PNG) Country Chairman Mr. Leon Buskens said they were more than happy to be a sponsor. “We are happy to be a part of this inaugu...

In a further stride toward enhancing Papua New Guinea's capital market, PNGX Markets, the operator of the nation's stock exchange, has introduced further updated Listing Rules. The move is aimed at propelling the development of a more robust financial ecosystem within the country. With a commitment to establishing a world-class capital market that garn...

Air Niugini's Acting Chief Executive Officer Gary Seddon says the national airline strives to provide the best services it can to its customers despite the many challenges it is facing. He shared these remarks at the Business Breakfast Meeting hosted by the Port Moresby Chamber of Commerce and Industry on the 30th of August at the Gateway Hotel. He ...

Agriculture plays a vital role in the economy of Papua New Guinea, extending beyond subsistence farming in rural communities, and is an integral part of developing the Central Province through labour force and export revenues. This was the basis of a weeklong Agriculture Sector Stakeholder Workshop, hosted by the Central Governor’s office and Provincia...

Prime Minister Hon. James Marape says he is satisfied with his meeting with French President Emmanuel Macron. The Prime Minister and the President met at the presidential office in Paris where bilateral exchanges were had covering a wide range of issues, high among them Climate Change and financing accessibility for Forest Nations.  PM Marape said: ...

Prime Minister Hon. James Marape, MP has commended the Government of Indonesia and the International Monetary Fund (IMF) for their commitment in promoting sustainable development. The Prime Minister made the commendation when delivering his keynote address on the first day of the Indonesia Sustainability Forum recently in Jakarta Indonesia. He comme...

Prime Minister Hon. James Marape has invited the business community of Israel to Papua New Guinea, offering land in a Special Economic Zone specifically for Israeli businesses in the country. Prime Minister Marape made the invitation to the Israel Manufacturers Association. The Prime Minister wasted no time, as he came out strongly advocating PNG’s ...

Prime Minister Hon. James Marape has affirmed Papua New Guinea’s strength in accepting, tolerating and living with diversity. Prime Minister Marape made this statement at the reception of the opening of the new Papua New Guinea Embassy in Jerusalem recently (5/9/23). “In 1975 when we assembled into one nationhood, we brought together over 860 differ...

Papua New Guinea’s relations with the State of Israel is very important, particularly as PNG seeks to draw from Israel’s development experiences over the last 75 years, Prime Minister Hon. James Marape has said. Prime Minister Marape said this after a bi-lateral meeting on Tuesday (05.09.23) afternoon with Israeli Foreign Minister His Excellency Mr Eli...

Ok Tedi Mining Limited (OTML) has successfully engaged the eight Community Mine Continuation Agreement (CMCA) regions women and children’s associations, and the Mine Villages women and children’s association, to enter into an investment partnership with two other local landowning groups. This investment opportunity involves a 50 percent stake valued at...

Papua New Guinea’s varied ecosystem, abundant biodiversity and native cultures necessitate a strategy that prioritizes environmental preservation at the forefront. Nabors’ MAAC (Minimum Area AC) rig is designed specifically to meet the logistical, environmental, geographical conditionals of Papua New Guinea and to drill safely and efficiently. Designed...

EDITOR’S NOTE: Michael McWalter, former Director, Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the Governments of Ghana, Liberia, Cambodia, Sao Tome, and South Sudan, comments on PNG’s oil and gas industry and changes to the petroleum regime made, muted, abandoned and planned. Optimising Benef...

The ABG Department of Mineral & Energy Resources facilitated a group of ten landowner leaders from Panguna to participate in the inaugural PNG Community Affairs and National Content Conference and Expo (CANCONEX) at the PNG University of Technology in Lae this week. The group comprised of male and female family representatives from the five major l...

The construction of the fabrication and training facility by Kumul Petroleum Holdings Limited will create direct employment for up to 1000 Papua New Guineans and create business for local companies in the country. Construction of lay down and necessary associated site work, including services rights of way and site access roads has now started after th...

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 ...

The Papua New Guinea Government under the leadership of Prime Minister Hon James Marape is committed to supporting secretariat to facilitate the works of the Pacific ICT Ministers for the next two years until the Ministers meet again to deliberate. PNG’s Deputy Prime Minister Hon John Rosso gave this assurance when representing the PNG Government durin...

Prime Minister Hon. James Marape convened a significant meeting recently at his office in Port Moresby with Telstra Group Chief Executive Officer, Vicki Brady, and Telstra International Chief Executive Officer, Roary Stacko. The meeting was also attended by the Senior Vice President of Digicel PNG Limited, Lorna Macpherson. During the meeting, Ms. Brad...

The government hopes to issue the Special Mining Lease (SML) for the Wafi Golpu project by October, 2023. Mining Minister Hon Sir Ano Pala, revealed this on Thursday in Lae, during the Wafi Golpu stakeholders consultative meeting. Sir Ano said there were only three processes left that needed to be completed before the SML could be granted. They are ...

Papua New Guinea will gain over 55 percent economic value in benefits, from the Wafi Golpu project, said Prime Minister (PM) Hon James Marape yesterday in Lae. The PM said this in his address to landowners and stakeholders of the Wafi Golpu project, who gathered at the Sir Ignatius Kilage Indoor stadium, for the project’s stakeholders consultative meet...

Prime Minister and Member for Tari-Pori, Hon. James Marape, has thanked stakeholders involved in the construction of the newly-opened Tari Airport terminal in Hela Province. Hela is an important province for the country as it hosts significant national projects in Hides Gas and PNG LNG, but has been needing restoration in its airport facilities since t...

In a significant stride towards boosting rural development and agri-enterprise in the Sepik region of Papua New Guinea, the International Telecommunication Union (ITU), as part of the EU-STREIT PNG Programme, established four resource centres in areas that are grappling with serious challenges in access to ICT services, including digital skills, digital t...

Hundreds of Ark Pacific modular buildings have been assembled for PNG’s resource sector by footprint community workforces.  Since 2010, unskilled local workers in the Southern Highlands, Morobe, and New Ireland have benefited from employment and training opportunities afforded by Ark’s modular building systems.  Likewise, developers have benefited from th...

Five Melanesian leaders, including Prime Minister Hon. James Marape, concluded the 22nd Melanesian Spearhead Group Leaders Summit in Port Vila recently (24.08.23) after a fruitful round of talks that covered environment and climate change mitigation, security, and nuclear waste disposal management. Vanuatu’s Prime Minister and MSG Chair, Hon. Alatoi Is...

A visionary collaboration unfolds at the heart of Buang LLG, Bulolo District, Morobe Province – the 9MW Bapa Hydropower Project, a partnership between contractors AG Energy Ltd, local landowners, and the district. The impact of this venture reached a crescendo on August 18th, as we celebrated the monumental breakthrough of our Phase One achievement: a str...