December 2024
- Exclusive
- Chanticleer CEO poll
‘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.
- Updated
- James Thomson and Anthony Macdonald
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.
- Angela Macdonald-Smith
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.
- Angela Macdonald-Smith
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?
- Myriam Robin
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.
- Angela Macdonald-Smith
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.
- Angela Macdonald-Smith
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.
- Angela Macdonald-Smith
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.
- Ben Potter
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.
- Simon Evans
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.
- Angela Macdonald-Smith
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?
- Myriam Robin
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.
- Ben Potter
- Opinion
- Chanticleer
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.
- James Thomson
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.
- Angela Macdonald-Smith
January 2024
Santos raises cost for Barossa gas after legal delays
The construction of the Timor Sea gas project is now set to cost up to $456 million more than originally estimated.
- Angela Macdonald-Smith
- Opinion
- Gas
Environmental lawyers get a lecture in how to litigate
Those seeking to oppose gas projects cannot hide behind elaborately constructed or confected Indigenous heritage claims.
- Ben Potter
- Exclusive
- Mergers & acquisitions
Santos investor Snowcap calls for big premium on deal with Woodside
But the London-headquartered activist investor things a combination of the two oil and gas majors into a global player “seems attractive”.
- Angela Macdonald-Smith
December 2023
Santos could draw global interest amid Woodside talks
Expectations of global interest in Santos came as CEO Kevin Gallagher told staff Woodside had approached Santos several times over the past year or so.
- Angela Macdonald-Smith
Game on: would-be merger partners Santos, Woodside prep data rooms
With data rooms only now open, due diligence is yet to begin in earnest.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Santos investors demand premium in Woodside mega-merger
Creating an $80 billion Australian “champion” with real clout on the global LNG stage faces a big challenge as Santos investors demand a decent premium.
- Angela Macdonald-Smith