ABC Online | Oil Search first-half profit tumbles 89pc ABC Online PNG-focussed gas and oil producer Oil Search has seen its first-half profit crushed by falling oil prices, tumbling almost 90 per cent. Oil Search reported a profit of just $US25.6 million ($34 million) in the six months to June 30, down from $US227.5 ... Oil Search Profit Drops 89% as Oil Slump Counters LNG Output Oil Search half-year profit plunges on weak LNG prices Oil price slump hits Oil Search first-half |