Papua New Guinea’s Minister for Petroleum Jimmy Maladina held a productive meeting with the leadership of SKK Migas, led by Secretary of SKK Migas Mr. Luky A. Yusgiantoro. During the meeting, developments in the Petroleum sector were discussed in general, and Production Sharing Contracts (PSCs) were discussed in particular. From the discussion, opportunities for potential future cooperation arose. The discussion focused on the various types of PSCs in use in Indonesia and the critical factors that determine their suitability for specific projects. It was noted that each project is unique and flexibility in PSC structures is key to ensuring sustainable…
Author: Maxine KAMUS
Papua New Guinea’s Minister for Petroleum Jimmy Maladina, 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) feasibility consultations, Minister Maladina and his delegation engaged with a wide range of stakeholders, including existing contractors operating in the region. One such company was Eni Asia Pacific, a major player in deepwater exploration and development. During discussions with Mr. Roberto Daniale, Head of Eni Asia Pacific, Minister Maladina emphasized PNG’s commitment to fostering…
The Investigation Team for the investigation into East New Britain Palm Oil Limited (ENBPOL) submitted the final report of the investigation to the Minister for International Trade and Investment Richard Maru. The report was submitted by the Deputy Chairman of the Investigation Team, Mr. Tony Waisi. Minister Maru highly commended the team led by Chairman Mr. David Mather and Deputy Chairman Mr. Waisi who completed the investigation and finalized the report in the record time of three months. “The final report consists of the findings based on the Terms of Reference of the investigation and the recommendations arising from the…
Special audit into Connect PNG Infrastructure Programme to commence in March. Acting Chief Secretary to Government Ivan Pomaleu, Deloitte Touche Tohmatsu, a global professional services firm and Norths Projects Ltd, a Brisbane based engineering firm, signed an agreement this week to commence a Special Audit into the government’s biggest ticket project, Connect PNG Programme. The signing took place on Tuesday (25/02/25) by Acting Chief Secretary Pomaleu, Deloitte, and Norths as a formality to commence work next month. Mr. Pomaleu said he was pleased to have Deloitte and Norths independently undertake this special audit managed by his office through the department’s…
The Bank of Papua New Guinea (BPNG) has confirmed that the recent Cyber Incident is identified, and it is contained with no impact on the Banking System. BPNG Governor Ms. Elizabeth Genia assures the public that a recent cyber incident was identified and contained with no impact on financial data or banking systems. She said that on February 21, BPNG’s cybersecurity team detected unusual network activity within an isolated test environment and separated from critical network infrastructure. “The issue was fully contained and resolved by February 23, with no disruption to banking operations or stakeholder data.” “This incident is unrelated…
“My Father has surprised me on many occasions, and he has done so tonight as well”, Mr. Arthur Somare stated during the memorial service of his father the late Grand Chief Sir Michael Somare held last night at the Sir John Guise Stadium in Port Moresby. Mr. Somare said that he can only imagine how difficult the path to Independence were to have so many thousands of different people over a thousand tribes, over a thousand different languages and dialects and to unit those people together would have been a big challenge for Papua New Guinea. “For a few brave…
Papua New Guinea’s Minister for Petroleum Jimmy Maladina, met with Indonesia’s Vice Minister for Energy and Mineral Resources, Yuliot Tanjung, the Chairman of SKK Migas, Djoko Siswanto, and the Director General of Oil and Gas, Dr. Lng. Tri Winarno, to advance cooperation in the petroleum sector. Minister Maladina is leading a high-level PNG delegation to Indonesia to assess the broader Production Sharing Contract (PSC) frameworks and related investment arrangements. Discussions focused on regulatory models, infrastructure ownership, and investment security to ensure PNG’s petroleum sector remains competitive and beneficial to the nation. Both Minister Maladina and Vice Minister Tanjung emphasized the…
“On the 25th of February 2021, we host this ceremony to honour, to celebrate and to remember Grand Chief Sir Michael Thomas Somare.” “The Architect of our Nation and the one and only Grand Chief of our country.” “No one else deserves the title as no one else in our country can be like him, can live his life and achieve all that he has achieved.” National Capital District Governor (NCD) Powes Parkop stated this during his speech at the Memorial Service of the Late Grand Chief Sir Michael Somare held at the Sir John Guise Stadium in Port Moresby.…
Today we remember a great man — indeed a Great Grand Chief. Member for Hiri-Koiari Keith Iduhu stated that As we mark 50 years of Independence this year, today is an especially somber day as we celebrate the life and legacy of our founding father. “50 years of Independence would not be possible without the contribution of Sir Michael Somare, and many other founding predecessors who began our PNG story.” “Prior to me entering politics, I was privileged to have an occasional catch up with Sir Michael, sometimes over a glass of wine, and discuss many topics of interest.” “He…
As the country reflect today on the life of our founding Father the Right Honorable Grand Chief Sir Michael Thomas Somare, a Dawn Service was held this morning at Kreer Heights in Wewak East Sepik Province to mark the four years since his passing. In attendance was his children, few close friends and the rest of the Somare family. Also present to witness the ceremony Member for Wewak Stanley Muts Samban, a few State Ministers and other government delegates, government officials, the Regimental Sergeant major of Moem Barracks and East Sepik Provincial Administration team. The Dawn Service was led by…