Santos, the operator of the Kutubu oil fields says it is reviewing a direction by the PNG lead environment regulator to pay millions of kina…
Santos announces refinancing of syndicated debt facility
Santos this week announced it had executed documentation to refinance its 2025 maturing syndicated bank loan facility. Santos holds leading shares in the PNGLNG Project…
Twinza’s Pasca A Gas Project on the cards to boost PNG Economy: PM satisfied with Progress
Prime Minister James Marape yesterday convened with State Lead Negotiator Dairi Vele yesterday to discuss key developments related to the Pasca Gas Condensate Project, located…
MRDC Concludes Clan Bank Account Awareness Exercise for Hides PDL1 Beneficiaries in PNG LNG Project
The Mineral Resources Development Company (MRDC) has successfully concluded an Awareness Exercise on the Clan Bank Account Opening for the Hides PDL1 beneficiaries in the…
PNGEITI CALLS FOR TRANSPARENCY MECHANISMS TO BE BUILT INTO THE SWF ARRANGEMENT
Transparency mechanisms built into the topical Papua New Guinea Sovereign Wealth Fund (SFW) will enable an effective functioning of the fund, according to the PNG…
PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION
An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity through a conditional arrangement between PNGLNG partner Santos has raised…
KUMUL OFFERS TO ACQUIRE 5% OF PNGLNG FROM SANTOS
Santos yesterday advised it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in…
K189 MILLION KROTON DIVIDEND READY FOR DISBURSEMENT TO IMPACTED PNGLNG LANDOWNERS
A total of K189 million will be paid to landowner groups impacted by the Papua New Guinea Liquefied Natural Gas Project (PNGLNG) as dividend of…
PAPUA NEW GUINEA SET FOR SECOND EITI VALIDATION COMMENCING APRIL 2022
PORT MORESBY: Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022. …
MILESTONE GAS AGREEMENT EXECUTED FOR P’NYANG PROJECT
Santos has today joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that…