Yesterday
Former Santos chairmen warn gas giant’s suitors face FIRB wall
Peter Coates and Stephen Gerlach say it will be difficult to place weight on assurances from the Abu Dhabi-led consortium that it will keep investing locally.
$3b Edify Energy readies mega debt facility for bidders
The loan would have a five to seven-year term and eclipse debt packages seen in comparable deals at CWP Renewables, Tilt Renewables and Neoen Australia.
EnergyAustralia, Alinta merger would shake up electricity and gas supply
Private equity giants are sniffing around a “once in a blue moon” chance to combine EnergyAustralia and Alinta, making a motza from what’s left of coal power.
This Month
South Australia outlines its demands for Santos’ $36b sale to proceed
The oil and gas giant has been headquartered in Adelaide since it was founded more than seven decades ago. The state wants to ensure investment continues.
AWU says Chalmers must put big conditions on $36b Santos takeover
The influential union wants the ASX-listed oil and gas producer’s Abu Dhabi suitor to sell more gas in Australia in exchange for foreign investment approval.
French energy giant backs multibillion-dollar NSW pumped hydro project
Government-owned EDF, better known for its large nuclear power fleet, is buying into an EnergyAustralia plant and wants to acquire more.
Outspoken Santos analyst retracts his observation
Saul Kavonic’s observation of the oil and gas company’s director shares was clarified on Thursday.
Is Australia selling off its energy security to the UAE?
While the government should typically avoid interfering in commercial decisions, safeguarding Australia’s future gas supplies is paramount.
Bidder XRG says it wants ‘100pc’ of Santos amid break-up speculation
In an attempt to pre-empt Canberra’s concerns, the Middle Eastern-led bid group says it plans to invest in Santos’ domestic energy production.
Kevin Gallagher awaits Santos pay day on his private toilet
He may have lost his private jet, but at least the oil and gas boss still has his royal throne and beloved Celtic Football Club.
Backstreet fight over EV chargers could cost all energy users more
Electricity networks say pole-mounted chargers would add just $1.60 a year to power bills, but contractors warn households are already paying hundreds too much.
Major Santos shareholder L1 Capital backs $36b takeover
L1 Capital has delved into the problem of how to unlock value from Santos for years, so it’s telling that it supports the giant bid from Abu Dhabi Inc.
Energy security is driving Abu Dhabi’s tilt at overlooked Santos
The pull of LNG is proving strong in the Middle East, driving the surprise takeover bid for an Australian producer that others have looked at and left.
Australia’s heavy industries are ready to decarbonise — let’s make it easier for them
Because not every process and system can be electrified, gas will be required both through the clean energy transition and well beyond, a fact recognised by the Federal Government.
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Corporates go cold on carbon neutral scheme
A top consultant says the government’s Climate Active program is no longer part of corporate decarbonisation plans.
Market debates whether Abu Dhabi will help or hinder Santos’ ambitions
While some brokers said a well-funded backer would accelerate projects in Narrabri and Beetaloo, others are concerned they will suffer as focus drifts elsewhere.
Environmentalists launch suit to quash North West Shelf approval
A rock art preservation group backed by the Holmes à Court family matriarch has launched a challenge to overturn WA approval of Woodside’s North West Shelf extension.
Santos directors bought shares ahead of Abu Dhabi takeover bid
Four board members including the company’s chairman acquired the shares in March in the weeks before the first, unsuccessful takeover offer was tabled.
Abu Dhabi sets up test for Labor with $36b Santos takeover bid
But the offer for the ASX’s second-largest oil and gas producer has been met with a lukewarm reception from investors, who say the price could be higher.
Australia’s biggest piece of M&A bait catches its dream deal
A trifecta of bids from a trifecta of buyers. Welcome to Santos’ unique world.
Santos’ $36b mega-deal creates a mega-test for Jim Chalmers
The company has landed the largest ever cash deal in the global energy sector. The only problem is getting the bid past the FIRB and the treasurer.
Woodside accuses US government of ‘bad faith’ royalty grab
A lawsuit accuses department staff of sharing jokes on email about how they were going to make oil and gas companies pay more.
Santos, Adnoc poised to announce $30b deal; JPM, Allens on ticket
It comes after Street Talk reported on Sunday that Adnoc had held preliminary talks with Santos about taking a stake in the ASX-listed business
Abu Dhabi’s oil giant sets its sights on Santos, mulls formal tilt
The Abu Dhabi National Oil Company, known as Adnoc, has been in discussions with the ASX-listed business but has not put a formal proposal on the table yet.