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Oil Search says low prices to stay
2015-05-29 09:50:59| Oil & Gas - Topix.net
Oil Search boss Peter Botten has warned oil prices are likely to stay low for the next five years, putting up to $5.5 trillion worth of projects around the world at risk. Mr Botten said the rise of US shale producers, combined with OPEC countries' determination to preserve their market share meant it would be difficult for oil prices to rise significantly above their current levels.
Oil Search suffers quarterly revenue slump
2015-04-21 05:08:30| Oil & Gas - Topix.net
But the oil and gas producer remains on track to meet its full year production forecasts as it cuts costs to keep its balance sheet in a sound position. Oil Search, which has a 30 per cent stake in the PNG LNG project in Papua New Guinea, said revenue fell 16 per cent to $US472.3 million in the March quarter compared to $US562.1 million in the previous quarter.
Tags: search
oil
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quarterly
Oil Search boss enjoys $US1m pay boost
2015-04-10 16:06:31| Energy - Topix.net
Oil Search boss Peter Botten's annual pay packet has grown by $US1 million as the company's profit surged despite lower oil prices. The chief executive of the operator of the massive Papua New Guinea LNG project received remuneration worth $US5.7 million in 2014, up from $US4.8 million in 2013, as Oil Search achieved a 72 per cent rise in annual net profit.
Oil Search boss enjoys $US1m pay boost
2015-04-10 07:43:03| Oil & Gas - Topix.net
Oil Search boss Peter Botten's annual pay packet has grown by $US1 million as the company's profit surged despite lower oil prices. The chief executive of the operator of the massive Papua New Guinea LNG project received remuneration worth $US5.7 million in 2014, up from $US4.8 million in 2013, as Oil Search achieved a 72 per cent rise in annual net profit.
Oil Search lifts profit and dividend
2015-02-24 12:05:48| Oil & Gas - Topix.net
A near tripling of production has helped Oil Search achieve a 72 per cent rise in annual profit, even with a massive charge related to falling oil prices. The oil and gas explorer made a net profit of $US353 million in 2014, up from $US206 million in 2013, as production nearly tripled and revenue more than doubled.
Tags: search
oil
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