Kumul Petroleum refutes Puma claim

Kumul Petroleum Holding Limited today criticised Puma Energy for leaking to the media the contents a commercially sensitive letter written to the Prime Minister and senior ministers, without the courtesy of informing or consulting KPHL or its Trustee Delegate Minister, Hon William Duma, who were deliberately not copied on the letter. Kumul Petroleum Managing Director,…

Kumul Petroleum supports junior squash and tennis

The ongoing development of the skills of the junior cohorts of the racquet sports of tennis and squash have been once again supported by Kumul Petroleum Holdings Limited in 2024. This support has enabled both domestic and international training and competitions for these young players. In the Western Pacific Qualifiers held in Fiji in April…

KPHL brings more fuel into PNG!

Kumul Petroleum Holdings has organised more shipments of fuel, including vital Jet A1 to alleviate the current shortages experienced by the country. Kumul Petroleum managing director, Wapu Sonk, advised,” We are aware that current fuel importers are unable to meet the demand for fuel, particularly the Jet A1 used by the aviation industry, and once…

Kumul Petroleum sells its first LNG cargo!

Port Moresby, 17 April 2024 – Kumul Petroleum Holdings Limited today announced that for the first time it was directly marketing Liquified Natural Gas  on the ‘spot’ market from its share of product from the PNG LNG Gas Project that was not committed to long term sales agreements. Confirmed last month, the deal is to…

Kumul Petroleum Enters Downstream Fuel Business!

A shipment of diesel and Jet A1 was recently discharged at NapaNapa to assist the country address its current fuel shortage crisis. The National Government, under the Essential Services Act and through an NEC decision, mandated Kumul Petroleum Holdings to find commercial solution to help the country manage the energy crisis. KPHL took over a…

WAN PNG LAUNCHED!

Today Kumul Petroleum Holdings Limited officially launched its WAN PNG platform, a national candidate database and career portal that the company has developed in partnership with UBIDY. WAN PNG will provide a clear pathway to employment whether one is a student, school leaver, university graduate, employed or unemployed. It will provide access to training, life…

WAPU SONK ADDRESSES SINGAPORE CONFERENCE

Kumul Petroleum Holding’s managing director, Wapu Sonk, today made a presentation at the ‘LNG Supplies for Asian Markets’ conference in Singapore. Mr Sonk’s address, titled ‘PNG’s Next Phase of LNG Development’ outlined the current petroleum development situation in Papua New Guinea, projects that are in the pipeline such as  Papua and P’nyang LNG projects and…

KEO dividend payment to PDL2 landowner company

Kumul Petroleum Holdings Limited, Papua New Guinea’s national petroleum and energy company, announced today that all necessary verification had been completed with the representative company of the PDL 2 landowners, enabling them to receive their portion of accrued Kroton Equity Option (KEO) preferential dividends. Wapu Sonk, Managing Director of Kumul Petroleum said, “together with DPE…