This Month
Succession question swirls around Santos chief executive
Kevin Gallagher will mark a decade at the oil group next year and analysts, fund managers and a proxy adviser want answers on who will eventually replace him.
February
US giant MidOcean linked to Barossa gas stake interest
Santos boss Kevin Gallagher says he is not surprised by interest from outside suitors.
Santos CEO urges government action to clear path for Narrabri gas
The plea comes after energy ministers tasked department officials to advise on how to tackle the escalating gas supply crisis in the south-eastern states.
Australia is throwing away a $600b carbon capture opportunity
Australia is rapidly losing ground in carbon capture and storage, putting at risk the net zero emissions by 2050 and forfeiting a $600 billion opportunity.
Santos’ Kevin Gallagher ejected from the private jet club
The oil and gas giant has sold its 10-seater Dassault Falcon to a US buyer, just as quietly as it bought it originally.
January
Santos eyes Darwin LNG expansion with Beetaloo gas
The plan could offer a lower-cost export avenue for gas from the remote Northern Territory region but remains tentative and in its early stages.
December 2024
‘Australia is falling behind’: 55 CEOs demand election action
Top chief executives say the next federal government must make the nation’s crippling regulatory burden and housing supply top priorities.
November 2024
Dollars over barrels: Santos’ pledge to investors
A new dividend policy – which is underpinned by softer guidance for output – comes amid pressure on the oil and gas producer to lift investor returns.
October 2024
Santos reveals 20pc cost blowout at Alaska oil project
News of the $800 million cost overrun at the Pikka field came as the energy company also reported the successful start-up of its flagship carbon capture venture.
WoodMac bursts the Santos cost bubble
It’s the CEO’s mantra, his muse, his North Star. But is Santos’ low-cost reputation as solid as repetition would make it?
September 2024
Santos CFO changeover brings CEO succession to the fore
Former Woodside executive Sherry Duhe joins as some are questioning what the transition plan will be when longstanding chief executive Kevin Gallagher exits.
July 2024
LNG export purse crunched 25pc as prices drop
Australia’s LNG revenue fell in 2023-24 despite flat export volumes, with Santos’ sales broadly reflecting the wider picture as prices softened.
Saudi, UAE interest puts $25b Santos in play
Renewed takeover speculation has underlined the oil and gas producer’s status as a potential target in the wave of global energy consolidation.
May 2024
Subsidy wars: Carbon capture cost adds up for fertiliser maker
Carbon capture and storage would add 50 per cent to the cost of producing ammonia in the Pilbara, making it uneconomic without further government support.
April 2024
Support for Santos chairman overwhelms environmental activist push
The company has been working on major LNG projects, making it a target for climate campaigners. But it has had limited investor backlash to those plans.
March 2024
Jet costs cloud proxy adviser support for Santos
CGI Glass Lewis raised “concerns” over the use of a corporate jet for top management, but it and ISS backed both the remuneration report and chairman Keith Spence’s re-election.
The stealth compo of Santos CEO Kevin Gallagher
If a CEO’s family gets to fly for free on the corporate private jet, is that worth anything to the CEO?
February 2024
Santos’ record dividend justifies pay despite profit slide: CEO
The oil and gas giant’s shareholders were left disappointed two weeks ago after the company and its bigger rival called off talks of an $80 billion merger.
End of Woodside merger talks puts pressure back on Santos
Santos’ sinking share price will do nothing to ease the frustration of shareholders. One activist is renewing calls for the company to break itself up.
Santos sets up $110m ‘Aboriginal future fund’ for Barossa gas
The move comes days after the deadline for any appeal to January’s Federal Court ruling rejecting a challenge by Tiwi Islanders to the Barossa pipeline.