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LNG DISSENSION GAVE RESOURCE OWNERS RAW DEAL

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by PETER KENGEMAR I have lived and worked amongst the Tari's for 7 golden years. They are the most caring and sharing people on this earth. But 3 calamities befall them and we all regret at some point and feel sorry at some point and am angry at some point in what has happened to them in recent times. Our hearts go out to the innocent women and children. Calamity 1.  They never ever got a good deal in the Oil project and continued to live nomadic lifestyle until LNG project and they got shut down as if they don't own the gas resources in the ground. Nothing we do today will fix the problems the Tari's face into the future until we have PNG Parliament grows the balls to review the project's agreements in favor of our resource owners and the country. Calamity 2. Mother nature decided it was D-day to strike the heartland of Hela and SHP with 7.5 magnitude earthquake in the middle of Tari country. Catastrophic events unfolded with the complete destructio

IS TOXIC LEADERSHIP DESTROYING SHP IN THE MODERN ERA?

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by Felix Hamdaan Oltomo There is a growing incidence of toxic leadership in organisations across the world. This is clear from anecdotal evidence as well as research which suggests that one out of every five leaders is toxic. My own research shows that close to three out of every ten leaders are toxic. This cancer of toxicity threatens the well being of both individuals and organisations. It also affects the performance of a society and country. That’s why there is a pressing need for leaders to understand the nature, dynamics and evolution of toxic leadership and organisations. The word “toxic” comes from the Greek “toxikon” which means “arrow poison”. In a literal sense, the term in its original form thus means to kill (poison) in a targeted way (arrow). Toxic organisations and leaders, therefore, are those who deliberately destroy the fabric of the institution. What makes a toxic leader? and Why? Toxic leadership represents the “dark” side of leadership. It affects indi

Government debt to Nambawan Super

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The Member for Moresby North-West, Sir Mekere Morauta, said today (21st March 2018) that the Treasurer’s statement that the Government would consider issuing a bond for K230 million to settle the amount owed to Nambawan Super for public servants who have already retired was a step forward in resolving the long-standing problem for the retirees. “It is not an ideal situation but it is much better than nothing,” Sir Mekere said. “These former public servants should have received their entitlements in full, including the Government’s contribution, when they retired. It is their legal entitlement. It is a disgrace that the Government can give higher priority to expenditure such as APEC rather than paying public servants their legal entitlements.” However, Sir Mekere warned the Nambawan Super board to consider very carefully the future implications of accepting equity in state-owned enterprises as payment for the remainder of the K2 billion debt. Sir Mekere said: “We all know tha

GOVERNMENT MUST INVEST IN HUMAN CAPITAL

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by ERAGAIRMA YAL We are a country made up of lazy citizens. About 75% of the total population are unproductive and live in the urban settings as opportunists. They live in settlements and peripheries of the urban centers totally dependent on their working relatives and or are just aimlessly residing off someone else's shelter without purpose. How can the country develop and be economically independent when the bulk of its population are lazy and live by chances and opportunities? GDP per capita is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country. The GDP is useful when the bulk of its citizens are productive, because it shows the relative performance of the citizens per output per year. Our country's productivity is dependent on the economic activities that are conducted in the formal and informal sectors where revenue is driven to support the government's budgetary allocation on an an

O'NEILL GOVT'S DUMBEST INVESTMENT

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by BRYAN KRAMER MP On 21st September 2017 Kumul Petroleum Holding Limited (KPHL) a State Owned company sold off 149 million Oil Search shar es it held on behalf of Independent State of PNG (8 million people of PNG). The shares where purchased in March 2014 by O'Neill Government for AUD$1.225 Billion (K3 Billion) by securing a loan from UBS (Union Bank of Switzerland) Australian Branch. Unable to repay the loan O'Neill was forced to sell the shares at a significant loss, using the proceeds from the sale to repay the balance owned on the K3 Billion loan. On 24 September 2017 the National newspaper issued a misleading report suggesting the O'Neill Government had made a windfall (gain) from the transaction. "THE Government has sold its shares in Oil Search Limited, making around K100 million from the transaction." the report stated. It went on to quote the Chairman of Kumul Holdings Moi Avei saying KPHL made about A$35 million (K87.33mil) as a result of

Petroleum Industry Practice: Waste Water Disposal

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by PETER KENGEMAR I have covered Fracking Technology and have stated that; fracking is applied in other parts of the world but is a technology not needed in our PNG reservoirs, and so it has not been used here. Next point of discussion is on wastewater is disposed and what is the standard industry practice? Should we associate this with the recent catastrophic earthquake? When oil or gas is brought to surface, there is associated formation water that co-exists with oil gas is also comes to the surface and is referred to as produced water. Other practices around the world (not in PNG) use that water to also use for Fracturing tight reservoirs to increase and enable oil gas to flow to the surface. The used water or produced water is normally (global industry practice) rejected under pressure slightly above the subsurface reservoir pressure back into the producing reservoir (same reservoir where oil gas is coming from). However the water is re-injected in a specific well called w

EARTH NOT CAUSED BY FRACKING - LEADING PNG PETROLEUM GEOLOGIST EXPLAINS PNG EARTHQUAKE

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by PETER KENGEMA Let me just explain this so we all understand this fracking technology in the petroleum industry. I have spent half my life drilling both exploration wells and development wells from Western Province to Hela to SHP to Gulf and Central Province. And globally Australia, Japan, Indonesia, Brunei, Saudi Arabia, Qatar, UAE, South Africa, Mozambique to name some in the last 23 years. On my watch as supervisor or operations geologist or project geologist on those wells I have never ever been involved in any fracking technology use in PNG because PNG productive and proven reservoirs don't need fracking technology. Fracking is only confined to countries who explore and produce from shale gas. We in PNG don't explore for shale gas or coal bed methane.  The only exception to any fracking is acidising the limestone reservoir in Triceratops exploration well 1 where test results were not encouraging so company tried to improve but did not work.  The Elk 1 discovery