|Bid||42.900 x 1100|
|Ask||43.200 x 25000|
|Day's Range||43.140 - 43.990|
|52 Week Range||40.530 - 49.500|
|PE Ratio (TTM)||14.54|
|Dividend & Yield||2.70 (5.55%)|
|1y Target Est||N/A|
If Europe keeps its word on banning gasoline vehicles it could have wide ranging impacts on the energy world.
Goldman Sachs has added Oil Search (OSH.AU) to its Australia and New Zealand conviction list and sees 18% upside for the liquefied natural gas (LNG) supplier. The tick of approval for Oil Search, which operates in Papua New Guinea, came as the company released its June quarter production report, which showed a 16% year-on-year increase in first half revenue. Oil Search said it was working with Exxon Mobil (XOM) - which operates PNG LNG and the P'nyang field - and France's Total (FP.FR) - which operates Elk-Antelope in which Oil Search has a stake - on the next phase of LNG development in the country.
Russian gas producer Novatek is expected to select Italy's Saipem to build offshore platforms for its second liquefied natural gas (LNG) facility in the Arctic, four sources said. Novatek is aiming to produce as much LNG as the world's biggest exporter Qatar and is drawing up plans to build a second plant, known as Arctic LNG 2, on the Gydan Peninsula that juts into the Kara Sea. "The contract is not signed yet, (but Saipem) are expected to become a subcontracting party for the Technip-Linde-NIPIGas consortium," one source close to the project said.