Oil Search Ltd (OSH.AX)
16 Aug 2019
Sun, Aug 4 2019
Aug 5 Australia's Oil Search said on Monday it was encouraged by a signal from Papua New Guinea's new government that it would back a major gas agreement, even though the government still wanted to renegotiate some terms.
MELBOURNE/SYDNEY Papua New Guinea's new prime minister used Oil Search Ltd's 90th birthday to press the country's biggest company and its oil major partners to pay more tax to the impoverished Pacific island nation.
* Second-quarter revenue misses forecasts (Adds Oil Search comment)
Australia's Oil Search Ltd on Friday exercised its option to double its stake in several Alaskan assets for $450 million.
SYDNEY The head of Papua New Guinea-focused energy firm Oil Search Ltd said he did not expect to make any significant new concessions on a gas deal it and ExxonMobil Corp hope to strike with the South Pacific nation's new leader.
* Comments follow PNG PM vowing to raise revenue from resources
April 16 Australia's Oil Search said on Tuesday its first-quarter revenue fell 21 percent from the preceding quarter, due mainly to the timing of liquefied natural gas (LNG) shipments and weaker oil and gas prices.
* Deal allows initial work to kick off on project -Oil Search
April 9 Australia's Oil Search, France's Total SA and Exxon Mobil have signed an agreement with Papua New Guinea for the Papua LNG Project, Oil Search said on Tuesday, enabling initial work to begin on the development.
MELBOURNE Australia's Oil Search is confident its partners ExxonMobil Corp and Total SA will be ready to sign off on two big projects in 2020 that together will double liquefied natural gas (LNG) exports from Papua New Guinea.