This Month
Santos’ $6.1b gas project on track as investors await bid news
The oil and gas company, which is the subject of a $36.4 billion takeover bid, has lowered its expected output for the year.
Everything you need to know about Santos’ deep-pocketed suitor
As shareholders wait to see if Treasurer Jim Chalmers will bless the $36 billion takeover, here’s all you need to know about the lead player, XRG.
Takeover target Santos deepens Middle East ties with Qatar deal
The two-year LNG sales contract comes as the company’s Abu Dhabi-led bidders have started a tour the oil and gas producer’s assets.
June
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.
Kevin Gallagher avoids insider trading trial with settlement
Santos boss Kevin Gallagher will no longer be required to testify in the insider trading lawsuit brought by the liquidators of collapsed contractor Forge Group.
April
Santos CEO says he’s not going anywhere, hits out at politicians
Kevin Gallagher has denied that he is about to step down after nine years of leading Santos, and has attacked politicians over the handling of the energy transition.
March
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.