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Australia is expected to have ranked as the world’s biggest shipper of LNG in 2021.

Energy crisis lifts LNG giants, but future of gas ‘under pressure’

Australia’s top LNG shippers are expected to unveil windfall profits this week as a Northern Hemisphere energy crisis drives prices higher.

  • Nick Toscano

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Oil Search operates all of Papua New Guinea’s producing oil fields.

Oil Search boss stands by value of $21b Santos merger as vote looms

The head of Oil Search is urging investors to consider the huge benefit of gaining greater access to capital as banks increasingly shun fossil fuels.

  • Nick Toscano
“I’ve never felt like I haven’t been able to provide the time and energy to the CEOs, executives and boards of both companies,” says Qantas and Woodside chairman Richard Goyder.

Board games: Is a cosy directors’ club a risk to corporate Australia?

A small group of powerful men, and increasingly women, dominate the boards of Australia’s biggest companies. And some fear the group is too small.

  • Anne Hyland
Santos managing director Kevin Gallagher will lead the combined entity.

‘Stronger together’: Santos, Oil Search finalise $21b merger deal

After conducting weeks of due diligence, two of Australia’s biggest oil and gas producers have finalised their agreement.

  • Nick Toscano
Oil Search and larger listed rival Santos are preparing to merge into a $22 billion energy giant.

Oil Search in ‘positive talks’ with PNG over $22b merger concerns

The takeover target is seeking to assure Papua New Guinea it will continue acting in its national interest if its proposed $22 billion merger with Santos proceeds.

  • Nick Toscano
Oil Search owns oil and gas interests in Papua New Guinea and Alaska

PNG warns $22b Santos-Oil Search merger ‘must be in national interest’

Australian energy giants Santos and Oil Search will be expected to maintain a significant local presence in PNG if their $22 billion merger proceeds.

  • Nick Toscano
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Santos, one of Australia’s largest oil and gas producers, has sweetened its offer to merge with Oil Search.

Santos, Oil Search to ink $21b merger deal

Two of Australia’s biggest oil and gas companies are set to create a $21 billion industry juggernaut after Santos raised its offer to merge with Oil Search.

  • Nick Toscano
Oil Search chairman Rick Lee now concedes the “strategic logic” of a merger, but wants a higher price.

More questions than answers for Oil Search investors after disastrous conference call

Oil Search chairman Rick Lee’s ‘opaque at best’ performance over the resignation of managing director Keiran Wulff put the whole board under pressure. By next morning it was squarely in crisis.

  • Nick Toscano
A combined Santos-Oil Search would have a market value of $22 billion, placing it in the ASX top 20, ranking as the biggest oil and gas producer in Australia and among the 20 biggest globally.

Oil Search board faces fury amid CEO exit, secret merger offer

Energy giant Santos has been in talks with ASX-listed rival Oil Search assessing a potential deal to merge into Australia’s biggest oil and gas company.

  • Nick Toscano
Cargoes of LNG, Australia’s third-biggest export, are trading at multi-year highs in Asia.

Energy giants tipped to gain as Asia’s LNG demand heats up

Asian LNG demand is causing a tightening of the market and elevating prices for Australian cargoes of the super-chilled fossil fuel.

  • Nick Toscano

Original URL: https://www.smh.com.au/topic/osh-14n