Business

Oil Search

Modest gains for Australian stocks

The Australian share market closed marginally higher on thin trading volumes as investors switched out of Rio Tinto into the energy sector.

Oil Search finalises PNG LNG deal with Taiwans CPC

Oil Search has finalised a long-term sales deal with CPC Corporation of Taiwan for about 1.2 million tonnes a yearof liquefied natural gas (LNG) from the massive Papua New Guinea LNG joint venture.

Oil Search, Taiwan's CPC sign gas deal

Oil Search Ltd has finalised a long-term sales deal with CPC Corporation of Taiwan for about 1.2 million tonnes a year of liquefied natural gas (LNG).

Price, sales drop send Oil Search profit down 57%

Oil Search says its calendar 2009 net profit fell sharply after falling oil prices and lower sales took its toll.

Oil Search warns of possible LNG glut

Energy producer Oil Search is warning of a possible glut of liquefied natural gas (LNG) in coming years when several large projects come online.

Oil Search calendar year profit down

Oil Search Ltd says its calendar 2009 net profit fell sharply after falling oil prices and lower sales took its toll.

Oil Search flags production drop

Oil Search says full year production was within its forecast range and it benefited from stronger oil prices during the fourth quarter.

Oil Search stays within guidance range

Oil Search Ltd says full year production was within its forecast range and it benefited from stronger oil prices during the fourth quarter.

Oil Search tips drop in production

Oil Search has forecast that production for calendar 2010 will be 10 per cent lower than last year.

PNG approves Oil Search's environment study

Oil Search says the Papua New Guinean government has approved the environmental impact statement for the multi-billion dollar PNG LNG (liquefied natural gas) joint venture project.

Oil Search share offer snapped up

Investors have snapped up shares in Oil Search’s capital raising ahead of a final investment decision on the PNG gas project.

ASX forces Oil Search sale rethink

Barry FitzGerald Intervention by the ASX has forced Oil Search to abandon the sale of a 3.5 per cent stake in the $US15 billion Papua New Guinea LNG project to Abu Dhabi's IPIC.

Oil Search seeks $895m for LNG project

Oil.

Oil Search will raise $895m in capital from investors to help fund a massive LNG project in PNG.

Oil Search goes into trading halt

Oil Search has gone into a trading halt, ahead of an expected announcement about the termination of a planned $1 billion sale of a stake in the PNG LNG project.

Oil Search discovers gas well in Yemen

Oil and gas producer Oil Search Ltd has reported its first discovery as a project operator outside of Papua New Guinea.

Oil Search abandons Libya well

PNG-focused oil and gas producer Oil Search Ltd has given up on an exploration well in Libya.

Oil Search secures funding for PNG LNG

Oil Search says lenders to the Papua New Guinea liquefied natural gas (PNG LNG) joint venture have signed documents providing $US14 billion in funding.

Aussie shares end higher in patchy trade

Australian shares closed marginally higher as investors sought defensive stocks, and the bourse rose back into the black in the final minutes of trade.

Late gains push stocks higher

Late gains pushed the share market to close in positive territory after range-bound trading that ignored an upbeat assessment of the economy by the RBA.

Australian stocks close higher

The Australian share market closed stronger on Wednesday on higher commodity prices and the strongest quarterly increase in new home starts in eight years.