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…
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…
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…
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…
Maintaining its practice of organising charity golf events in Port Moresby and Lae, Kumul Petroleum Holdings Limited is once again hosting its annual charity golf event in Lae. Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “This year our charity golf event will be held on the greens of the Lae Golf Club, on…
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…
The managing director of Kumul Petroleum Holdings Limited, Mr Wapu Sonk, has reacted to the allegations made recently by the director general of National Institute of Standards and Industrial Technology (NISIT). Mr Sonk noted, “I find it difficult to understand how an allegation of lost billions of kina can be made. There appears to be…
Kumul Petroleum Holdings Limited through its training entity, the Kumul Petroleum Academy (KPA) is expanding its training capacity by building a new training facility next door to its Fabrication Facility, now under construction near the PNG LNG Project Plant site at Caution Bay. As part of its expansion plans, KPHL today signed a ‘Manage and…
Today, Kumul Petroleum Holdings stated it had finalised all finance arrangements to conclude the purchase of an additional 2.6% equity in the PNG LNG Project. Kumul Petroleum Holdings managing director, Mr Sonk, said, “Kumul Petroleum has been able to raise sufficient funds to close the deal for an additional 2.6% interest in the PNG LNG…
Today was an exciting day – the PNG Kumuls squad visited staff at the Kumul Petroleum Holdings Limited office. During the visit, KPHL Managing Director and PNG NRL Bid Chairman, Wapu Sonk presented coach Justin Halbrook with a framed handwoven Bird of Paradise or Kumul, whilst team members signed a game shirt. We wish the Kumuls a…