MARKETS

Oil Search cuts capex guidance 

OIL Search has cut its capital spend guidance by US$75 million to $95 million in its first quarter report this morning after deferring planned shutdowns to next year thanks to the ongoing pandemic. 

 The PNG LNG jetty. Courtesy Oil Search

The PNG LNG jetty. Courtesy Oil Search

However the PNG LNG shutdown is on schedule for this quarter. It has deferred sanction of its biomass project, but said it will enter front-end engineering and design a year earlier at the two train expansion...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry