News: Oil Search Ltd (OSH.AX)

OSH.AX on Australia Stock Exchange

27 May 2015
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Sun, Mar 29 2015

Australia shares tumble as commodities decline weighs on resources

* Little upbeat economic data (Adds analysis, quotes, stocks on the move)

Oil Search fails to hit gas at Hides well in Papua New Guinea

MELBOURNE, March 6 - Oil Search Ltd said on Friday it failed to find a gas reservoir in exploration drilling at its Hides field, closing off one option for supplying an expansion of the Papua New Guinea liquefied natural gas (LNG) plant.

Oil Search Ltd to cut spending to cope with crash of crude price

MELBOURNE, Jan 29 - Papua New Guinea oil and gas producer Oil Search Ltd, which tripled production in 2014, is now looking to cut spending in the wake of the near 60 percent drop in crude prices since June, it said on Thursday.

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