Twinza Oil Limited has secured a clear path forward for the Pasca A gas project after its major shareholders and senior lenders agreed to a consensual restructuring, providing certainty for ongoing funding and future development. The company confirmed that its Senior Lenders, Convertible Redeemable Preference Shareholders (CRPS), and major shareholders...

The Mineral Resources Development Company (MRDC) has completed the distribution of royalty and equity payments worth K74,147,996 (approximately USD 20.8 million) to landowners from the PNG LNG Plant Site in Central Province, Papua New Guinea, marking a significant step in delivering long-awaited project benefits. The payments were confirmed by MRDC on ...

The PNG Chamber of Resources & Energy (PNG CORE) congratulates the recently appointed board of the National Petroleum Authority (NPA). The establishment of the board represents a significant milestone in strengthening governance, accountability, and performance within Papua New Guinea’s petroleum regulatory sector. PNG CORE’s Executive Director,...

The operator of the PNG LNG Project, ExxonMobil PNG Limited, recently welcomed 75 outstanding ninth-grade girls from five Port Moresby schools for a day of hands-on science experiments, mentorship, and exciting activities designed to spark their curiosity and build their confidence in engineering. Now in its second year in Papua New Guinea, ExxonMobil’...

The Mineral Resources Development Company (MRDC) has confirmed that the Bank of Papua New Guinea (BPNG) has released accrued royalty payments for landowners in the PNG LNG Project area into their respective trusts managed by MRDC. The announcement was made on 22 October 2025, with MRDC stating that the release of funds marks a major milestone in ensuri...

Preparations for the highly anticipated Papua LNG Development Forum are now underway as the Government of Papua New Guinea (PNG) moves decisively to advance the project towards its Final Investment Decision (FID). Minister for Petroleum Jimmy Maladina confirmed on 22 October that the State Team has commenced coordination with project operator TotalEner...

The board of Kumul Petroleum Holdings Limited (KPHL) welcomed the decision of the National Court in relation to the cases submitted earlier in the month by suspended KPHL Managing Director, Mr Wapu Sonk. The National Court’s decision effectively confirms the legal standing of the KPHL Board led by Chairman Gerea Aopi, who was appointed by Prime Ministe...

Papua New Guinea’s petroleum sector remains ripe with opportunity despite recent slowdowns in exploration activity, according to David Manau, Secretary for the Department of Petroleum, who delivered a compelling presentation on 8 October at the 2025 Papua New Guinea Petroleum & Energy Conference (PEC) under the theme “Exploration Operations – Is There...

Papua New Guinea’s Petroleum Minister Jimmy Maladina has reaffirmed the Marape-Rosso Government’s commitment to reshape the country’s petroleum industry through a new fiscal and regulatory framework aimed at delivering fairer, more transparent and sustainable outcomes for the State and its people. Delivering the ministerial keynote address at the openi...

As Papua New Guinea (PNG) marks its 50th anniversary, the country’s petroleum sector has received a significant boost with the announcement that Sinopec will establish a subsidiary to undertake drilling and seismic work. The announcement was confirmed in Port Moresby on 24 September, when Minister for Petroleum Jimmy Maladina met with Xiao Yi, Deputy D...

The Conservational and Environmental Protection Authority (CEPA) has granted the Level 3 Environmental Permit for the upstream component of the Papua LNG Project to TotalEnergies EP PNG Limited (TEP PNG), marking a key step toward the project’s eventual Final Investment Decision (FID). The Level 3, or “L3,” permit is the principal regulatory approval u...

The Special Economic Zone Authority (SEZA) has granted Kumul Petroleum Holdings Ltd (KPHL) a 12-month provisional developer licence to progress the Central Province Industrial Park in the Caution Bay area. SEZA Chairman Dr Lawrence Sause confirmed the board’s decision in a small ceremony on Wednesday, where he formally presented the licence to KPHL man...

Kumul Petroleum Holdings Limited (KPHL) has marked a significant milestone in its efforts to nurture Papua New Guinean talent, celebrating nine graduates who successfully completed the company’s two-year Graduate Development Programme. At a ceremony in Port Moresby, KPHL Managing Director Wapu Sonk presented certificates of appreciation to the young pr...

In a significant move to empower and invest in the nation’s future leaders, PNG Mining and Petroleum Hospitality Services Limited (PNGMPHSL) has officially launched its inaugural internship programme, welcoming three promising graduates from Divine Word University (DWU), Madang Campus. This initiative is part of a broader awards and internship scheme desi...

Lloyds Metals & Energy Ltd, a major player in India’s metals and mining sector, is eyeing investment opportunities in Papua New Guinea (PNG), particularly in the gas sector. With a legacy spanning more than 50 years, the company is primarily involved in iron ore mining, direct reduced iron (DRI) manufacturing, sponge iron production and power gener...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has unveiled sweeping legal and institutional reforms to modernise the country’s petroleum sector, with the formal introduction of a Production Sharing Act (PSA) that will serve as the legal and fiscal foundation for all new petroleum projects. The announcement was made during the PNG Petroleum...