PETROMIN NEWS

Press Releases

2010 Petromin News

Prime Minister says State Agencies will assist Petromin in Elk/Antelope Project Financing

The Prime Minister Sir Michael Somare said that the State and its agencies will work with Petromin PNG Holdings Ltd to assist the company, as the State Nominee, fund the State’s equity in the Elk/Antelope LNG project.
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26th February 2010

Much Need Bed Sheets and Pillows for Sick Children and Mothers at Wewak Hospital, Thanks to Petromin Donation

The sick children of Wewak Hospital will be able to sleep a little bit better, thanks to a donation of over K3000 worth of pillows, double spread bedsheets and pillow cases by Petromin PNG Holdings Limited.
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25th February 2010

Prime Minister commends Petromin for robust exploration activity

The Prime Minister Grand Chief Sir Michael Somare is pleased that Petromin is emerging as a leader in developing its mineral tenements through green field exploration.
In an address to the Petromin Board of Directors, the Prime Minister said he was extremely pleased to learn that the Petromin Board and Management have allocated around K6 million this year for exploration of the company’s mineral tenements within the vicinity of the Tolukuma Gold Mine and regional tenements.
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19th January 2010

Antelope-2 Appraisal Well Intersects Potential Oil Zone

Managing Director of Petromin PNG Holdings Ltd, Joshua Kalinoe today announced the intersection of a potential oil zone in the lower part of the Antelope Reef reservoir within the Antelope-2 appraisal well, in the Gulf Province of Papua New Guinea
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2009 Petromin News

23rd December 2009

ELK/ANTELOPE PROJECT SIGNING
Statement by the Managing Director of Petromin

10th December 2009

PNG Government commended for making Strategic Investment Decisions

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8th December 2009

PNG LNG Project Project Sanctioned

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23rd November 2009

Pacific Adventist University Students Urged to Be Good Stewards

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1st November 2009

Facts About Petromin

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16th April 2009

Petromin and InterOil Sign HoA with CNOOC

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3rd April 2009
Petromin Announces New Board Member Ian Goddard.

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2nd April 2009

Petromin Donates Computer to Badilli Police

Petromin came to the aid of their local police force at Badilli with a donation of a computer and Color printer.
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18th March 2009
Petromin MD Joshua Kalinoe congratulates InterOil Corporation for appointing two international banks as joint financial advisors to the InterOil project.

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17th March 2009
Petromin Donates to 11 year Old Jesuit Kumbra's Heart Operation Fundraiser

Petromin PNG Holdings Limited recently donated K1,000.00 to Jesuit Kumbra, a young 11 year old boy with a hole in the right valve of his heart.
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6th March 2009
Muri bin Muhammad appointed to the Petromin Board

Petromin Chairman Brown Bai announces appointment of Mr Muri bin Muhammed to Petromin Board.
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5th March 2009
Statement By Joshua Kalinoe, Managing Director And CEO of PETROMIN on Granting of Location

2nd March 2009
Statement By Joshua Kalinoe, Managing Director And CEO of PETROMIN on The Occasion of Flaring Antelope One Gas Well

26th February 2009
Petromin Pushes Ahead with Tolukuma Road Project

Petromin PNG Holdings is committing funds and equipment to build the planned access road from Tolukuma to Fane in the Central Province.
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23rd February 2009
Petromin Pursues Aggresive Mining Exploration and Development Program

Petromin PNG Holdings Limited is aggressively pursuing exploration and development programme for its entire exploration licences in its mining business.
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28th January 2009
Petromin Assists Port Moresby Gen Hospital Physio Unit

Petromin recently came to the assistance of the Port Moresby General Hospitals excellent Physiotherapy unit through the donation of an electronic hot plate, a ceiling fan, towels, chairs and other supplies.
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2008 News

17th November 2008
Petromin Withdraws Judicial Review Through Consent

Petromin PNG Holdings Limited has withdrawn the Judicial Review seeking declaratory and injunctive Orders on the nomination of IPBC as the State Nominee in the PNG LNG project.
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5th November 2008
Petromin Goes to Court Over State Nominee

Petromin PNG Holdings Limited has filed judicial review documents in the National Court at Port Moresby, seeking declaratory and injunctive orders and to allow for the due process of nomination under the Petromin Act for the Nomination of the State Nominee to be complied with, in appointing a State Nominee for the PNG LNG Project.
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5th November 2008
Petromin Serves Notice of Direction on IPBC

Petromin PNG Holdings Limited has served a Notice of Direction on IPBC under the relevant provisions of the Petromin Act to transfer the 17.56% shares in Oil Search Limited held by IPBC to Petromin.
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30th October 2008
Petromin Signs Agreement with InterOil for Participation in Elk-Anetlope gas fields

Petromin PNG Holdings Ltd has signed an Investment Agreement with InterOil Corporation for a direct participation in PPL 238 and particularly in the development of the Elk-Antelope gas fields.
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21st October 2008
Dr Bruce McConaghy appointed General Manager for Commercial & Strategic Planning - Petromin

Petromin PNG Holdings Limited is pleased to announce the appointment of Dr Bruce James McConaghy as the company’s new General Manager for Commercial & Strategic Planning
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8th August 2008
Sir Peter Barter Joins Petromin Board

The Chairman of Petromin Board Mr. Brown Bai has welcomed the appointment of Sir Peter Barter (D. Univ), Kt, OBE to the Board of Petromin.
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5th August 2008
Petromin CEO and Managing Director urges responsible reporting by the media

The Managing Director and CEO of Petromin, Mr. Joshua Kalinoe has urged the media to be sensitive in their reporting about certain investment decisions of the State.
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5th July 2008
Petromin enters JV with Papuan Precious Metals

Petromin PNG Holdings Ltd has signed a 50 percent joint venture farm-out deal with Papuan Precious Metals Limited to carry out exploration in one of its regional tenements at Waria River , in the Garaina area (EL 1271).
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16th June 2008
Petromin Funds Independent Environment Study of Auga and Angabanga Rivers

Petromin PNG Holdings Limited is funding a Scientific Team to conduct an independent assessment of alleged environmental impact of the Tolukuma Mine on populations around the site and downstream communities along the Auga and Angabanga Rivers.
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5th June 2008
Petromin Commences Feasibility Study on the
Tolukuma Mine–Goilala Highway

Petromin PNG Holdings announced today that PNG Sustainable Infrastructure Limited, a subsidiary of the PNG Sustainable Development Program Limited has been selected as the Engineering Consulting Group to undertake the feasibility study of the proposed road project that will connect the Tolukuma Mine to the existing
Tapini Highway and Port Moresby.
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28th May 2008
Petromin's Senior Marketing Officer Sihl Ure recieves LNG training in Japan.

Petromin's Senior Marketing Officer, Mr. Sihl Ure has returned from six weeks training with LNG Japan, one of the largest LNG trading companies in Japan.
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28th May 2008
Experienced Geologist & Former Head of Mining and Energy Department, William Searson joins Board of Petromin.

His wealth of experience and vast knowledge of the resource potential of PNG will be of great value to the Petromin decision making process.
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1st May 2008
Petromin Graduate Trainee Program Begins

The strategic management and training of graduate trainees is important in addressing the chronic skill shortage affecting the industry in PNG and the Asia Pacific Region.
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7th May 2008
Eda Oil Announces K31 milion after tax profit for 2007

Petromin PNG Holdings Limited is pleased to announce the operating results of Eda Oil Limited for the year ended 31st December 2007.
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30th April 2008
Jack Sari Joins Petromin as Chief Exploration Geologist

One of Papua New Guinea’s most experienced geologist, Jack Sari has joined Petromin PNG Holdings Limited as the company’s Chief Exploration Geologist.
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30th April 2008
Petromin Strenghtens Managment Team

Petromin PNG Holdings Limited is ready to pursue investment opportunities in the resource sector, thanks to an aggressive and open recruitment strategy that has seen well qualified and experienced professionals join the company.
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18th April 2008
Petromin Will Review Waste Management Process at Tolukuma Gold Mine

Petromin, Papua New Guinea’s national oil, gas and minerals company has announced that it will review the waste management processes at its Tolukuma Gold Mine, about 100 miles out of Port Moresby, immediately after it officially takes over the mine on 21st February 2008.
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