Oil Search Q2 Revenue Falls About 30%
Australia-listed Oil Search Ltd on Tuesday reported a near 30% drop in second-quarter revenue, hurt by a sharp decline in oil and gas prices as demand plunged due to the coronavirus pandemic.The Papua New Guinea-focused oil and gas explorer recorded a revenue
Oil Search Boss to Retire in 2020
Papua New Guinea's biggest company Oil Search Ltd said on Tuesday long-serving Managing Director Peter Botten will retire from the firm next year after 25 years in the role, just as the company enters a major…
Kutubu Light Crude Oil Exports to Resume in Spot Trade
Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April, three industry sources said on…
Oil Search Profit Soars, Now Focusing on Gas Projects
Oil Search sees PNG LNG expansion agreement by late 2017. Australia's Oil Search Ltd reported a five-fold jump in half-year profit on higher oil and gas prices and lower costs, and said it expects its partners…
ExxonMobil Raise Stakes for InterOil in PNG gas push
ExxonMobil takes on Total in bid to expand in Papua New Guinea. New bid could help tie together rival LNG projects. ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield…
Oil Search Still Open to Takeover Bid
Papua New Guinea oil and gas producer Oil Search Ltd says it is open to future takeover offers, despite rebuffing an $8 billion all-share bid from Woodside Petroleum last year. Oil Search shares sank 17 percent last September when Woodside abandoned the deal…
Exxon's $19 Bln PNG Plant could change country's fortune
ExxonMobil's $19 billion liquefied natural gas (LNG) project in Papua New Guinea, which is shipping its first cargo, is set to dramatically transform one of Asia-Pacific's most unstable countries, for better or for worse.
ExxonMobil:PNG LNG exports starting mid-year
ExxonMobil Corp is on track to start exporting liquefied natural gas from Papua New Guinea by mid-year, ahead of schedule and below its $19 billion budget, the manager of the PNG LNG project said on Wednesday.
