Photo: Pacific Towing’s ASD tug Waiowa (4,300 BHP and 57 Tonne BP) and her crew were responsible for deploying oil spill booms in the NMSA led National Oil Spill Response Exercise in Port Moresby’s Fairfax Harbour. Papua New Guinea is better equipped to respond to a major maritime incident resulting in a significant oil spill following a national oil s...

Photo: Mayur Resources Managing Director, Mr Paul Mulder. Credit: Mayur Resources Facebook Page Mayur Resources Limited and Santos Ventures Pty Ltd (Santos), a subsidiary of Santos Limited, have extended their exclusivity arrangements to jointly develop a portfolio of nature-based carbon offset projects in Papua New Guinea (Carbon Projects). Mayur h...

The opening remarks by President Mr Anthony Smaré, paved the way for strong discussions on bilateral trade, development of the PNG economy, riding off the back of PNG’s trading partners in Australia and the Asian region, as well as a push for more direct investment in the resource and renewable energy sector. A sector that is of growing importance as the ...

The Papua New Guinea Tourism Promotion Authority hosted its first Implementation Steering Committee Meeting for the recently launched Tourism Sector Development Plan 2022-2026 on the 29th June 2022, at the Lamana Hotel in Port Moresby. The Chief Executive Officer Mr. Eric Mossman Uvovo, chaired the inaugural meeting in the presence of 16 organisation r...

Tourism, Arts, and Culture Minister Isi Henry Leonard claims that the National Cultural Commission (NCC) cannot reasonably promote Papua New Guinea's tourism industry. “We have to work in partnership with provincial governments at the national level to develop the industry,” he added. Leonard stated that the government was, therefore, signing MOU wi...

Photo credit: Santos - Brett Darley PNG will continue to be a major focus of strategy as Santos works to decarbonize operations, according to the upstream chief of Santos. Santos president of Upstream Oil and Gas, Brett Darley, stated that Santos is still eager to keep that region as its primary investment priority. “More broadly as a company, Sa...

Photo: Sandeep Biswas According to the International Energy Agency, copper is essential for additional solar PV, wind, bioenergy, networks, electric vehicles (EVs), and battery storage in the field of clean energy solutions. According to Sandeep Biswas, managing director and chief executive officer of Newcrest Mining Limited, the International Energ...

The connect PNG program implemented by the government is said to be rejected by the people of Central Province. Governor for Central Province, Rufina Peter announced the issue and raised this concern in parliament last week. Governor Peter said the road project is essential but will have consequences faced by Central Province Communities such as land grab...

Photo credit: Papua New Guinea Forest Authority The Papua New Guinea Forest Authority (PNGFA) has increased their budget for the remainder the year to remove the economic barriers that have been preventing them from generating revenue. PNGFA Managing Director John Mosoro said the budget that is proposed is well over what they have received before. "...

Minister for International Trade Relations & Investment and Member for Yangoru-Saussia Hon Richard Maru aims to deliver a development package to his people in the District of Yangoru-Saussia in East Sepik Province that would take the district forward to the next level in the coming five years. He explained the outcomes and focus involved and includ...

The people of East New Britain Province may see the redevelopment of the once iconic Rabaul town if the current Moratorium is reviewed next year. Prime Minister James Marape said this when responding questions raised by Rabaul MP Graham Piniau in parliament recently. Mr Piniau said the township of Rabaul still has a lot of potential to develop and brin...

The Shadow Minister for Treasury, Douglas Tomuriesa has that stressed that the Government’s Relief Assistance Package of K590 million is inadequate and translates to a mere of K65 per person, per year or a very meaningless of 18 Toea per day when divided by the 9 million people of PNG. He said that when highlighting the inefficiency of the Treasurer, I...

Photo: James Marape Prime Minister Hon. James Marape has reminded heads of Government departments and agencies to submit their annual reports by March 31, 2023, to show what they have achieved in 2022. Marape said that this would ensure timely and regular checks and balances on government departments and agencies. “All heads of Government departm...

One of the Country's biggest alcohol manufacturers and producers, Vitis Industries Ltd has appealed to the Marape-Rosso Government to review the decision made to increase alcohol tax to almost 500 per cent. Vitis Industries Ltd Managing Director Vicky Mossine said the tax increase will affect the business negatively and would eventually result in the d...

The new United States Embassy in Port Moresby was officially opened recently when Prime Minister James Marape and US Under Secretary of State for Management, Ambassador John Bass cut the ribbon into the new complex. US State Department said the $US250 million or over K800 million project is a symbol of their commitment to supporting democracy, prosperity ...

The quality of the conduct and management of elections in Papua New Guinea has deteriorated in the 2022 national elections. This was revealed in an elections observers report presented by Transparency International Papua New Guinea (TIPNG) last week at the election seminar in Port Moresby. TIPNG was among other observers engaged to observe the 2022 nat...

The Investment Promotion Authority is calling on business houses, corporate organisations, small and medium enterprises and the general public, to look out for new changes in the display and content of its newly launched online registry service as it undergoes transition. In addressing participants at the PNG Mining and Petroleum Conference in Sydney A...

Photo: From right to left Dr Kishti Sen Senior Economist of ANZ, middle IRC Commissioner Sam Koim and Dirctor Corporate Affairs Total E&P PNG Limited Richard Kassman The Port Moresby Chamber of Commerce and Industry (POM CCI) in conjunction with Deloitte PNG had its Annual Budget Breakfast meeting to discuss the 2023 National Government Budget at t...

Photo credit: ADB The Asian Development Bank (ADB) has approved a $250 million policy-based loan to help Papua New Guinea’s (PNG) state-owned enterprises (SOEs) deliver high-quality, affordable services through Subprogram 3 of the ADB-supported SOE Reform Program. Subprogram 3 supports PNG’s efforts to improve the operational performance and financi...

Photo: Hon. Kerenga Kua - Minister for Petroleum The second day of the 16th PNG Mining and Petroleum Investment Conference and Exhibition had its focus on project updates from some of PNGs biggest resource companies. Operator of the multi-billion Kina PNG LNG project, ExxonMobil PNGs Scott Sandlin, Senior Vice President of Production – focused his u...

Photo credit: K92 Mining K92 Mining is pleased to announce that the Government of Papua New Guinea has granted an extension of Mining Lease 150 for the Kainantu Gold Mine in Papua New Guinea for a period of 10 years to June 13, 2034. Concurrent with this announcement, K92’s Board of Directors have approved the Stage 3 and Stage 4 Expansions (collect...

Photo: OTML General Manager and Chief Financial Officer Cameron Clark speaking at the PNG Mining and Petroleum Investment Conference The Ok Tedi Mine will generate over PGK19 Billion in dividends for the benefit of Papua New Guinea over the next 11 years, says Ok Tedi Mining Ltd (OTML) General Manager Commercial and Chief Financial Officer Cameron Clar...

Photo: President of the PNG Chamber of Mines and Petroleum Mr Anthony Smaré President of the PNG Chamber of Mines and Petroleum Mr Anthony Smaré in his opening address to delegates at the 16th PNG Mining and Petroleum Investment Conference and Exhibition says international investment has had a catalysing impact on PNG’s economic development. The cha...

Photo: Minister for International Trade and Investment, Hon. Richard Maru Papua New Guinea (PNG) is ready to commence the feasibility study on a proposed free trade agreement with the People’s Republic of China. This study has been in the pipeline for some time and finally, with the grant funding of K1 million from the Chinese Government to the PNG Nat...