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MARKETS

Oil Search warns of "unexpected" A$574 million impairment

OIL Search expects pre-tax write downs of up to US$360-$400 million in its upcoming results due in August but the news is better than many expected.

Helen Clark and Mark Tilly
LNG projects and Alaska safe, writedowns confined to non-core assets, power station

LNG projects and Alaska safe, writedowns confined to non-core assets, power station

The impairments are confined to non-core exploration licenses and a small gas-to-power project that was to supply a mine the government has kept shut down.  Its share of two large LNG export projects...

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