Oil Search (ASX:OSH) record annual PNG LNG production

27Jan

Oil Search (ASX:OSH) record annual PNG LNG production

 

Oil Search (ASX:OSH) has delivered a solid quarter, resulting in record annual Papua New Guinea liquefied natural gas production against a backdrop of improving commodity prices.

Total net annual production of 29.0 Million Barrels of Oil Equivalent, up 4 per cent from 2019.

Fourth quarter operating revenue of US$259.5 million, up 37 per cent from Q3 2020.

The company lifted ‘other’ operating cost guidance to between $US110 million and $US130 million – compared to between $US90 million and $US110 million in October – due to higher future site remediation estimates relating to assets previously impaired.

Shares in Oil Search (ASX:OSH) are trading 1.74 per cent lower at $4.22.

Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

04Sep

Cooper Energy awarded offshore permit in Gippsland Basin

04 Sep 2019 - Cooper Energy (ASX:COE) has been awarded the offshore exploration permit VIC/P75 in the Gippsland Basin, off Victoria.

Read More
19Mar

Qantas (ASX:QAN) suspends international flights

19 Mar 2020 - Qantas (ASX:QAN) and Jetstar are to suspend scheduled international flights from late March, following latest government travel advice regarding the coronavirus with some ongoing ad hoc services possible.

Read More
01Mar

Stocks of the Hour: Chariot Corporation, Hexagon Energy Materials, European Lithium

01 Mar 2024 - A snapshot of the stocks on the move, featuring Chariot Corporation (ASX:CC9), Hexagon Energy Materials (ASX:HXG) and European Lithium (ASX:EUR, FRA:PF8, OTC:EULIF).

Read More
27Feb

The a2 Milk Company (ASX:A2M) see growth in infant nutrition sales

27 Feb 2020 - The a2 Milk Company (ASX:A2M) report a net profit after tax of $184.9 million for the half year, an increase of 21.1 per cent on the prior corresponding period.

Read More
16Apr

Mayne Pharma (ASX:MYX) receives FDA approval for contraceptive pill

16 Apr 2021 - Specialty pharmaceutical company Mayne Pharma (ASX:MYX) has successfully received approval from the US Food and Drug Administration (FDA) for its product NEXTSTELLIS.

Read More
20Jul

Stocks of the Hour: Ampol, BHP & IAG

20 July 2021 - A snapshot of some of the news that broke today, featuring Ampol (ASX:ALD), BHP (ASX:BHP) & IAG (ASX:IAG).

Read More
07Jan

The Cann Group (ASX:CAN) see the first commercial-scale resin extraction for Australia

07 Jan 2020 - The Cann Group (ASX:CAN) and IDT Australia (ASX:IDT) have jointly announced that GMP extraction activities are underway for the first batches of medicinal cannabis resin.

Read More
10Oct

Sonic Healthcare (ASX:SHL) to raise US550 million of debt funding

10 Oct 2019 - Sonic Healthcare (ASX:SHL) has priced US$550 million of notes in the United States private placement market.

Read More
02Jun

Vicinity Centres (ASX:VCX) completes $1.2b placement

02 Jun 2020 - Vicinity Centres (ASX:VCX) has successfully completed a fully underwritten placement of fully paid new stapled securities to institutional and professional investors, at the offer price of $1.48 per New Security details of which were announced to ASX on 1 June 2020.

Read More
02Dec

Stocks of the Hour: Woolworths, Coles, Premier Investments

02 Dec 2021 - A snapshot of the stocks on the move, featuring Woolworths (ASX:WOW), Coles (ASX:COL), and Premier Investments (ASX:PMV).

Read More