During his official visit to West Sepik, James Marape inaugurated a number of impact initiatives. PM Marape described his visit as a watershed moment, not only for the official opening of the new West Sepik Provincial Administration Building but also for the announcement of other significant projects. “I want to acknowledge the leadership of the Gov...

By the year 2030, Papua New Guineans could anticipate decent healthcare services "within an hour's reach" across the country, according to Prime Minister Hon. According to James Marape. As he summarized the National Health Plan 2021– 2030 before unveiling it in Port Moresby, the Prime Minister gave this command to the Department of Health, namely the H...

According to Prime Minister James Marape, the multi-billion kina Porgera mine will reopen in April of next year. He said that Papua LNG, P'Nyang, and Wafi-Golpu, the country's three main significant resource projects, were "on track." The government also aims to "finish off" the Pasca A oil and gas project. “For Porgera, work to restart (the mine...

According to Twinza chairman Stephen Quantrill, the Pasca A oil and gas project in the Gulf is estimated to bring in about K8.6 billion in direct revenue to the government throughout the project's lifetime. A total of K500 million in tax and royalties is projected to be paid in a year, according to Quantrill, who spoke at the 2021 Mining and Petroleum ...

According to the company, Santos Ltd may pursue listing on the PNG National Stock Exchange (PNGX). Santos Managing Director and Chief Executive Officer Kavin Gallagher said the business was exploring it as the merger with Oil Search developed. “Momentum continues to build for the compelling opportunity to create a company with the size and the skill...

Photo credit: Oil Search According to ExxonMobil PNG Ltd, the PNG LNG project has earned K11 billion in revenue for the government thus far. This was announced by managing director Peter Larden at the recent PNG Mining and Petroleum conference. “Up to October this year, PNG LNG has generated K11 billion in revenue to the State and landowners, whi...

Prime Minister James Marape has been told that Papua New Guinea has "the potential to become a large supplier of green products for the globe," with 19 gigawatts of electricity already estimated from the Purari, Kikori, and Strickland hydro potentials, as well as the West New Britain geothermal projects. Julie Suttleworth, the CEO of green energy produ...

These recently graduated ‘Officers of the Watch’ represent 10 of the 26 young PNG women having their careers fast tracked by Pacific Towing and the Women in Maritime program. Ten young PNG women graduated as ‘Officers of the Watch’ last week.  The women, who were all cadets at Pacific Towing (PacTow), represented the first intake of scholarship awardee...

Photo credit: Share GK - Flickr The Asian Development Bank (ADB) has welcomed the publication of the Kumul Consolidated Holdings Authorisation (Amendment) Act 2021 in Papua New Guinea’s (PNG) National Gazette, a key step in efforts to reform governance, increase transparency, and improve the performance of the country’s state-owned enterprises (SOEs). ...

Senator Zed Seselja, Australia's minister for international development and the Pacific, said the Australian government will continue to engage with Papua New Guinea to reopen borders and normalize commerce and trade. Seselja addressed the 2021 PNG Mining and Petroleum Conference and Exhibition yesterday that the government has received about AU$340 mi...

The mining and petroleum industries' continued drop in exploratory activity is a source of concern for the industry. Exploration activity has been declining and falling since 2019, with no obvious signs of recovery, although the sector remains confident that this will soon reverse. In his opening remarks at the 2021 Mining and Petroleum Conference y...

Over the next few years, OK Tedi Mining Limited expects to witness a gradual growth in dividends of up to K1 billion each year. Musje Werror, managing director and chief executive officer, spoke at the PNG Mining and Petroleum Conference and Exhibition in 2021. Mr Werror stated that OTML's 2021 Strategic Business Plan affirmed a US$475 million incre...

The Oil and Gas (P'nyang LNG Project) (Amendment) Bill 2021 was just enacted by Parliament. The development partners in the P'nyang LNG Project will now be able to submit for an application and a petroleum development license as a result of this adjustment. When introducing the bill in Parliament, Minister for Petroleum KerengaKua stated that the pu...

According to country manager Hulala Tokome, Puma Energy PNG Ltd's Napa Napa refinery is in danger of closing by the end of this month. Tokome explained that the planned customs levy on imported refined gasoline products would be the cause of this. The proposed adjustments include a 5-toea tax cut for refined diesel and petrol, which the government c...

Papua New Guinea, according to James Marape, has never been an "uncertain area to invest." In Port Moresby, he said this while speaking digitally at the 2021 PNG Mining and Petroleum Conference & Exhibition in Brisbane. “We are an oil, gas and mining nation,” the Prime Minister said. “This is evident in the fact that quite a substantial part ...

According to James Marape, the 2022 Budget puts a greater emphasis on the health sector than ever before. He mentioned this during the opening of the K500 million, 300-bed Central Provincial Hospital for Central and Papua New Guineans in Bautama, Central. Roads, housing, power, and other infrastructure in the new Central City at Bautama, which is ad...