Output Update 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Reuters Staff (Recasts with outlook, adds executive comment, quarterly output) Jan 27 (Reuters) - Papua New Guinea-focused Oil Search Ltd said on Wednesday it expects 2021 to be another challenging year and forecast lower annual output due to planned maintenance activity at the PNG liquefied natural gas (LNG) plant. The Australia-listed company said it expects annual production of between 25.5 million barrels of oil equivalent (mmboe) and 28.5 mmboe, lower than the 29 mmboe it churned out in 2020. “We expect that 2021 will continue to be another challenging year,” Managing Director Kei...

By Reuters Staff (Adds Eagle Downs decision, manganese production, outlook) Jan 21 (Reuters) - Diversified miner South32 Ltd said on Thursday it was considering a possible divestment of its 50% interest in the Eagle Downs metallurgical coal project in Queensland, after deciding to put its development on hold. The company, which owns the project along with Chinese steelmaking giant China BaoWu Steel Group Corp, said development was halted as “expected returns (from the project) do not currently support the allocation of capital.” China BaoWu Steel did not immediately respond to a Reuters r...

By Reuters Staff (Adds detail from company statement) TOKYO, Jan 14 (Reuters) - Japanese automaker Subaru Corp will cut output by “several thousand” vehicles this month in Japan and the United States, it said on Thursday, citing a global shortage of semiconductors. Subaru will adjust production and reduce output at factories in Gunma, Japan, a company spokesman said without specifying exactly how many fewer cars will be made. The company later said that factories in Gunma will be halted temporarily for two days from Friday because of supply constraints. Subaru will also reduce output at i...