PM Marape welcomes K550 million Kumul Petroleum dividends, backs Papua LNG investment
Prime Minister James Marape on Tuesday welcomed Kumul Petroleum Holdings Limited’s K400 million dividend payment to the National Government in Port Moresby, bringing its...
ExxonMobil takes over operatorship of Papua LNG Project
ExxonMobil PNG Antelope Limited has formally assumed operatorship of the Papua LNG Project following an agreement reached by project partners TotalEnergies, Santos and ENEOS...
PM Marape hails landmark Papua LNG deal between Central and Gulf provinces
Prime Minister James Marape has commended Gulf and Central leaders, landowners and communities for reaching an 80:20 benefit-sharing agreement on Papua LNG, clearing another...
El Niño cuts Highlands cabbage and taro supplies, Port Moresby prices soar
El Niño-induced dry conditions are disrupting food supplies from Mt Hagen to Port Moresby, a sweet potato (Kaukau) bag distributor told PNG SUN last...
Pacific Balanced Fund declares historic K25 million dividend – highest in 53 years
The Pacific Balanced Fund will pay more than K25 million in dividends to its unitholders, the highest payout in its 53-year history since 1973.Executive...