Oil Search pushes on - October 31, 2021 - Petroleum News petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.
Providing coverage of Alaska and northern Canada s oil and gas industry
Oil Search endures
Kay Cashman
Petroleum News
Despite what hindsight might show to be an unwise decision, Oil Search Ltd.s board quickly accepted the resignation of its top executive Keiran Wulff, creating worries about the future of the big North Slope Pikka development and further opportunity for regional competitor and shareholder Santos to take over the company - and Pikka - at an undervalued price. However, despite badgering from concerned analysts and investors, Oil Searchs board and executive leadership team appear to be standing together in an attempt to stay on track with company-wide plans announced in November, including those for Alaska.
The Explorers 2021: Oil Search rises to Alaska, market challenges - June 06, 2021 petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.
How COVID-19 Prompted Oil Search to Pivot at Pikka
Formed nearly a century ago, Papua New Guinea-based Oil Search entered Alaska’s oil and gas scene in 2018 with a $400 million purchase of North Slope oil leases from Armstrong Energy and GMT Exploration. The purchase included interests in the Nanushuk oil field in the Pikka Unit, one of the largest conventional US oil discoveries in thirty years, and the Horseshoe block.
“We entered into Alaska for new growth and to diversify our operations, both geographically and for a mix of oil and gas production,” Executive Vice President of Alaska Bruce Dingeman told attendees at the Alaska Support Industry Alliance’s Meet Alaska conference in March.
Nearing home stretch - February 28, 2021 petroleumnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from petroleumnews.com Daily Mail and Mail on Sunday newspapers.