Oil Search has completed a review of the company and its cost structure, positioning it to operate safely, cost efficiently and to progress its opportunities in Papua New Guinea (PNG).
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Oil Search restructure to help build resilience
Oil Search has completed a review of the company and its cost structure, positioning it to operate safely, cost efficiently and to progress its opportunities in Papua New Guinea (PNG). As part of
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Nacap full steam ahead on PNG pipeline
Nacap has confirmed that all systems are go on its Papua New Guinea project, with its team developing an essential condensate pipeline. The company reported that it had successfully mobilised a
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Oil Search to lower project emissions, raises $1.16bn
Oil Search has launched a climate change steer committee in a bid to drive an initiative to lower emissions at its projects in Papua New Guinea (PNG) and Alaska. The company will assess its PNG operations
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Oil Search to raise $1.16bn amid oil slump
Oil Search plans to raise $US700 million ($1.160 billion) to secure additional financial strength as it manages a challenging market environment. The company has launched an entitlement offer, an institutional
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Oil Search restructures workforce amid challenges
Oil Search has taken action to ensure its business remains stable following the challenges that the oil and gas industry is facing.
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Oil Search cuts jobs, management takes pay cut
Oil Search has continued to take decisive steps to ensure the sustainability of its business in response to the challenges facing the global energy industry. Last week, the company announced that it would
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Oil Search suspends PNG activity amid global crisis
Oil Search has taken action to bring an immediate halt to all of its key Papua New Guinea projects following the recent decline in oil prices and impact of the coronavirus. As a result, all of the Oil
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Oil Search set to abandon Gobe prospect in PNG
Oil Search has continued a drilling program at the Gobe Footwall 1 ST1 well in Papua New Guinea with unsuccessful results. The well, which was spudded in November last year, reached a total depth of 4370
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PNG drops P’nyang deal with ExxonMobil
The Papua New Guinea Government has reportedly pulled the plug on negotiations with ExxonMobil in regards to developing the P’nyang gas project following the company’s “unwillingness to agree to reasonable terms”.
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