AGP Executive Report
Last update: 9 hours agoPapua LNG Deal Moves Ahead: TotalEnergies says it has cleared key steps toward a Final Investment Decision, including completing EPC tendering and cutting estimated capital costs to about US$14bn. Operatorship Shift: TotalEnergies will sell a 9.1% stake (after Kumul Petroleum’s back-in) and hand operatorship to ExxonMobil PNG Antelope, while keeping a 20% stake and its LNG offtake share. Santos Boosts Exposure: Santos has agreed to buy an extra 3.3% interest, lifting its stake to 21% and positioning it as the project’s second-largest overseas partner. Consumer Watchdog Plan: PNG’s ICCC launched its 2026–2030 Corporate Plan, prioritising consumer protection, competition enforcement and stronger independence, with extra focus on women and disadvantaged consumers. Local Governance: Vanimo Green District Council of Women elected its president and executive for the next five years, with a call for training and stronger protection against gender-based violence. Sports & Youth: New Caledonia thrashed PNG 7-0 to reach the OFC U-19 Men’s semi-finals, while the OFC U-16 Women’s Championship is underway in Solomon Islands. Digital Upgrade: NICTA has cleared the way for commercial 5G mobile services, giving operators regulatory certainty to plan rollouts. Tragedy at Wildlife Park: A crocodile attack at Adventure Park in Port Moresby killed a zoo worker after a “death roll,” prompting the park to close.
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