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Oil Search

April

Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight

The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Samuel Terry’s Fred Woollard.

Activist funds to push Karoon Energy on dividends

Samuel Terry and Sandon Capital will target the oil and gas producer’s board before May’s annual general meeting and push for more dividend payments.

  • Jonathan Shapiro
Former Oil Search executive Ayten Saridas leaving court.

Former exec claims Oil Search didn’t tell CFO he was being replaced

Former Oil Search executive Ayten Saridas claims she was told by the CEO to keep the fact she was being canvassed to be CFO secret from the man she would replace.

  • Max Mason
Former Oil Search CFO-designate Ayten Saridas arrives at the NSW Supreme Court on Tuesday.

Oil Search director’s comments allegedly cost exec new job

Former Oil Search executive Ayten Saridas allegedly lost a job she had begun working in after disparaging remarks from a board member contacted as a reference.

  • Max Mason
Former Oil Search CFO-designate Ayten Saridas arrives at the NSW Supreme Court on Tuesday.

Oil Search investigation found executives ‘felt belittled’ by MD

Part of the report was read out in court, with former chief financial officer-designate Ayten Saridas suing the company for alleged bullying and harassment.

  • Max Mason
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January

Peter Botten was the former chief executive of Oil Search and chair of AGL Energy.

Former Oil Search boss Peter Botten appointed chair of Vast Renewables

The company, which was founded by Melbourne’s billionaire Kahlbetzer family, listed on the Nasdaq in December. It plans major projects in South Australia.

  • Kylar Loussikian

March 2023

Former Oil Search executive Ayten Saridas says the system needs to change – there is no incentive to call out bad behaviour.

‘I’ve got nothing left to lose’: The fight against Oil Search

A former Oil Search executive who is suing the company for breach of contract says she’s speaking out about why she left the company because the legal process isn’t working.

  • Jemima Whyte

February 2023

How family offices will help this $100m mine restart

Mainstream banks are abandoning fossil fuels but resources veteran Ayten Saridas says there’s no shortage of lenders willing to help her restart a NSW coal mine.

  • Peter Ker

September 2022

Santos is mulling a $2.1 billion offer for 5 per cent of a LNG project in PNG.

Santos mulls $2.2b bid for 5pc stake PNG project

Santos is considering the bid that would free up cash for the oil and gas company to develop a new project in Alaska.

  • Colin Packham
New AGL chair Patricia McKenzie faces a bucket load of complications.

AGL struggles to find its future

The company’s turbulence shows no sign of easing as it tries to navigate its way to a decarbonised future and Mike Cannon-Brookes steps up the pressure.

  • Jennifer Hewett

August 2022

SolGold has about $25 million left in the bank.

S’all not well at SolGold

They say lightning never strikes the same place twice, but the luck of some has us wondering.

  • Michael Roddan

May 2022

SolGold’s chief financial officer designate Ayten Saridas.

Former Oil Search CFO Ayten Saridas joins SolGold

The former Oil Search executive who is suing the company for bullying her out of her job has joined the Brisbane-headquartered copper and gold explorer.

  • Michael Roddan and Jemima Whyte

April 2022

Gas supply for Santos’ Darwin LNG plant will cease late this year, halting output until a new field is developed.

Prices power doubling in Santos sales

Surging commodity prices and the Oil Search merger have put a rocket behind Santos’ March quarter sales.

  • Angela Macdonald-Smith
UBS needs to disclose how much it earned as part of the Oil Search deal.

Time for UBS to come clean on PNG loan

Swiss investment bank UBS needs to lift the transparency around how the sovereign lending sausage it sold to the PNG government was made, and what it earned from it.

  • Tony Boyd
Former PNG prime minister Peter O’Neill denied dealing with Swiss businessman Carlo Civelli.

UBS faces 10-year ban from PNG as royal commission delivers verdict

UBS Australia could be blocked from doing business in Papua New Guinea for a decade over its role in a controversial $1.3 billion loan.

  • Jonathan Shapiro and Lisa Murray
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Citi Australia chief executive Marc Luet.

Citi boss Marc Luet shrugs off the doomsayers

His upbeat assessment of capital market activity contrasts sharply with the experience of the giant US investment banks.

  • Karen Maley
Former Oil Search chief financial officer designate Ayten Saridas.

‘Bullied’ Oil Search CFO launches whistleblowing test case

Ayten Saridas has dramatically broadened her case against the oil company in a move that will test new whistleblowing laws.

  • Michael Roddan and Jemima Whyte

February 2022

Santos CEO Kevin Gallagher controversially showcased the Moomba CCS project at the COP26 climate summit in Glasgow.

Santos leads bonanza for oil and gas producers

The company is the headline act in a sector that has been pumped up by big energy prices despite concerns over climate change.

  • Updated
  • Angela Macdonald-Smith

January 2022

People attend the Boxing day sales in Sydney’s CBD despite climbing COVID-19 cases.

Investors prepare for ‘soggy’ earnings season as costs climb

Fund managers fear quickly climbing consumer prices threaten to sap corporate profits in the earnings season beginning this week, providing further fuel to drag the market lower.

  • Richard Henderson
Santos’s Darwin LNG project sold all its output last year onto the strong Asian spot market.

Soaring LNG prices, record output boosts Santos

Full-year sales for 2021 were buoyed by a surge in international gas prices, as well as the addition of Oil Search’s assets.

  • Angela Macdonald-Smith

Original URL: https://www.afr.com/company/osh-14n