LNG

Oil Search, the Papua New Guinea and Australian listed company with LNG interests and an oil project in Alaska, said Managing Director and Chief Executive Keiran Wulff has resigned for health reasons and been replaced by Peter Fredricson, named as Acting CEO.

Oil Search, the Australian-listed company with LNG stakes in Papua New Guinea and oil assets in Alaska, posted a drop in second-quarter revenues and plans to reduce the global workforce by about one third by year-end to traverse the current industry challenges.