Santos, Oil Search agree $21bn merger
Santos and Oil Search have signed off on their tie-up, with the deal set to catapult the combined company into a top 20 global oil and gas producer.
Oil Search
Ahead of the announcement: Santos, Oil Search to sign
The signing of the $21bn merger deal between Santos and Oil Search was previewed by DataRoom, before the official word.
ASX closes up 0.5%, Santos, Oil Search to merge
ASX 200 closes up 0.5% at 7406.6 points after rising 0.8%, as S&P 500 futures rose 0.3% and share markets in Japan and China rose 1%.
PNG ups ante in Santos-Oil Search merger
Santos’s $21bn merger with Oil Search faces a major threat after the Papua New Guinea government demanded better terms.
The Santos mantra: Do the hard stuff fast
Santos boss Kevin Gallagher will use knowledge from previous M&A deals to guide the Oil Search merger process.
Santos pitches $21bn merger for net zero
Santos chief Kevin Gallagher says the Oil Search merger would give it the bulk to handle and prosper from an urgent global focus on tackling climate change.
Santos sued over ‘clean energy’ claims
Santos has been served with a legal claim accusing it of engaging in misleading or deceptive conduct over its clean energy claims.
Oil Search defends value of Santos deal
Investors have questioned Oil Search’s approach to the $21bn Santos merger amid some concern over the value of the deal.
Oil giants agree to merger terms
Oil and gas giants Oil Search and Santos are understood to have agreed terms on their $21bn merger and are on track to announce a final deal next week.
ASX closes up 0.2%, energy stocks gain
ASX ends 0.2 per cent higher as energy and materials stocks gain, offsetting falls in Ansell and NIB. Kogan drops 16 per cent. Bitcoin above $US50,000.
Oil Search spinner calls it quits
The exit of Oil Search’s head of comms on its own isn’t remarkable, but amid executive upheaval is just another cultural red flag.
Santos surges back to profit
Santos says its $21bn merger talks with Oil Search are progressing well as the energy group returns to profit amid record production.
Oil Search out in cold after Alaskan mistake
A heated phone call with ConocoPhillips’ boss Ryan Lance signalled a missed opportunity for Oil Search to reduce its Alaskan stake.
Oil Search complaint raised concerns over chairman
A whistleblower complaint that led to the departure of Oil Search’s CEO also raised concern over his close relationship with chairman Rick Lee.
Santos-Oil Search merger faces PNG test
Papua New Guinea’s Prime Minister James Marape has warned a $21bn merger of Santos and Oil Search must pass a national interest test.
Santos could sell PNG LNG stake to thwart rival bid: analysts
Santos may sell down part of its Papua New Guinea LNG stake to a rival to ensure the companies don’t crash its $21bn merger with Oil Search
Energy giant emerges as Santos, Oil Search tie knot
The combined business is set to jump into the world’s 20 largest energy companies, leapfrogging Woodside Petroleum.
Weekend talks sealed Santos-Oil Search mega-deal
A weekend of hard negotiations between Santos and Oil Search led to agreement on one of Australia’s biggest oil and gas mergers.
$60bn deal day a throwback to pre-GFC boom
Two huge transactions involving Afterpay and oil giants Santos and Oil Search have analysts tipping more M&A action ahead.
ASX hits record as Afterpay surges on Square bid
ASX ends 1.3 per cent higher at a record daily close of 7491. Tech sector rallied after Afterpay agrees to 31 per cent premium takeover bid from US giant Square and Oil Search accepts Santos’ sweetened bid.
Original URL: https://www.theaustralian.com.au/topics/oil-search/page/3