Petroleum Minister, Hon. Jimmy Maladina has invited China State Construction Engineering Corporation to look at the petroleum industry as a choice of investment saying Papua New Guinea has a lot of potential. Minister Maladina told Mr. Wen Bing, the President of Chinese construction giant, the China State Construction Engineering Corporation (China Sta...

Kumul Petroleum Holdings Limited (KPHL), Papua New Guinea’s national petroleum and energy company, has successfully completed its seismic acquisition campaign across the Kimu and Barikewa petroleum retention licences, where it acts as operator. KPHL Managing Director Wapu Sonk confirmed the milestone, stating: “On Wednesday, 26th March, we complet...

Parliament recently (12.03.25) passed two laws for the establishment and operation of the National Petroleum Authority (NPA), a new body that will take over as the regulator of the petroleum sector in the country. The National Petroleum Bill 2025 was voted 84 to 0 into law, while the Oil and Gas Act Amendment Bill 2025 was passed on voices. Both bills ...

The Hon. Jimmy Maladina, LLB, LLM, MP, Papua New Guinea’s Minister for Petroleum, has invited Italian energy giant Eni to explore investment opportunities in PNG’s petroleum sector, highlighting the country’s vast resource potential and upcoming licensing bid rounds for new exploration blocks. As part of the ongoing Production Sharing Contract (PSC) fe...

Petroleum Minister Hon. Jimmy Maladina led a delegation of senior officials from the Department of Petroleum and the State Negotiating Team to undertake feasibility assessments on production sharing agreement (PSA) arrangements in Malaysia and Indonesia. The delegation met with senior officials from Petronas Malaysia on the 22nd of February 2025 to dis...

KPHL has just this month started gathering seismic data in its Barikewa petroleum retention licence in Gulf Province. Kumul Petroleum Managing Director, Wapu Sonk explained, “Our contractor, OM Holdings Limited or OilMin, has for the last few months been engaged in landowner engagement, building camps, helipads and bridging, drilling holes for explosiv...

The long-standing dispute over the Kutubu Petroleum Development License 2 (PDL 2) benefit-sharing structure has reached a critical point, with landowners issuing a 14-day ultimatum to the national government to reinstate the original benefit-sharing arrangement. In response, the Minister for Petroleum, Hon. Jimmy Maladina, assured all parties that the ...

Prime Minister Hon. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, th...

Prime Minister James Marape provided an update following his productive meeting with ExxonMobil CEO Darren Woods during the World Economic Forum in Davos, highlighting key discussions on the PNG LNG, Papua LNG, and P’nyang LNG projects. During the meeting, Mr. Woods reiterated ExxonMobil’s strong commitment to progressing these critical energy projects...

Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress. Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now movin...

Prime Minister Hon. James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. The delegation included Mr Mehmet Celepoglu – Vice President Oceania and...

Residents of Sepik, Papua New Guinea can look forward to relief from prolonged fuel shortages as Zap Fuel, a private distributor, prepares to establish a temporary fuel storage facility in Wewak. Governor for East Sepik Province Hon. Allan Bird announced this on January 19. “I am pleased to advise our people that a fuel distributor is ready to locat...

Prime Minister Hon. James Marape has extended his gratitude to senior leaders from ExxonMobil’s headquarters in Houston, Texas, who visited Papua New Guinea to reaffirm the company’s long-term commitment to the country’s energy sector. Three senior ExxonMobil corporate executives, led by outgoing Upstream President Liam Mallon, traveled to PNG to perso...

The Minister for International Trade and Investment, Hon. Richard Maru, recently declared that 2025 will be the year that Konebada Petroleum Park Authority (KPPA), under the Chairmanship of Mr. Martin Kombri will be proactive in recovering the parcel of land known as the “Konebada Petroleum Park Zone” as declared and defined in the National Gazette No. G7...

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The Government of Papua New Guinea (PNG), Hevehe Petroleum, and Twinza Oil have signed the Pasca Gas Agreement, marking the country’s first offshore petroleum project. This landmark deal promises significant economic and social benefits. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime Minis...