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Oil Search Ltd (ASX: OSH) was established in Papua New Guinea (PNG) in 1929, where it operates all of the country’s producing oil fields, it holds an appraisal and exploration portfolio and has a 29% interest in the PNG LNG Project.
The S&P/ASX 200 (ASX: XJO) Australian share market index ended Monday’s trading session down a jaw-dropping 9.7%. Of course, this follows falls of 20% already this year.
The S&P/ASX 200 (ASX:XJO) is expected to trade down today with the Sydney Futures Exchange pointing to a negative open.
Santos Ltd (ASX: STO) shares are a focus on the Australian share market today after the oil and gas company upgraded its long-term production forecasts.
We could see the shares of Santos Ltd (ASX:STO), Oil Search Limited (ASX:OSH) and Beach Energy Ltd (ASX:BPT) fall today.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.04% at lunch.
The oil price could soar this week after events in the Middle East, which could send the share prices of Santos Ltd (ASX:STO) and Beach Energy Ltd (ASX:BPT) soaring.
The Oil Search Limited (ASX:OSH) share price was briefly up by more than 3% today after the company announced massive growth in half-year profits.
The Oil Search Limited (ASX:OSH) share price is up 2.3% after the business gave an update on the Papua LNG Project in PNG.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.12% at lunch.
