Santos Ltd lower Wednesday, outperforms the Energy sector
Here is the latest company close update for Santos Ltd, STO.
Santos
ASX 200 now in correction as $57bn wiped out
Key market index now 10 per cent below February 14 record close as tariff fears hit investors. Woodside, Santos lead energy slump. Banks and miners also in the red.
Revealed: The three executives leading race for Santos CEO
Three energy executives have emerged in a short list to replace long-time Santos boss Kevin Gallagher when he exits the oil and gas major.
October 7 spectre will haunt the election of May 3
In the seats where Muslim or Jewish voters form a critical mass (the former more numerous than the latter) the disaffected are revolting against Labor and creating ironic, and even perverse, outcomes.
ASX 200 eyes flat close as election focus sharpens
ASX ekes out small gain. Election Day is May 3. Bad weather delays Incitec Pivot fertilizer sales. Big east coast gas users back Dutton plan as producers pan it. Virgin clears last barrier on Qatar flights. Star’s Sydney casino licence suspension continues.
Santos seeks LNG supplies as contract expiry approaches
Santos’ LNG facility is seeking short-term gas supply deals due to the looming expiry of a contract with Australia Pacific LNG, which is part owned by Origin Energy.
ConocoPhillips eyes smaller LNG opportunities
A year after rumours surfaced that ConocoPhillips was eyeing the liquefied natural gas assets of Santos, deals could be back on the agenda.
Gas crisis ‘born of energy and climate mix’: Santos boss
Kevin Gallagher is the latest energy industry executive to urge Australia to follow the US lead and embrace the comparative advantage of abundant gas reserves.
Meet the backflipping Brazilian turning Victory’s fortunes around
Fresh life has been breathed into Melbourne Victory’s season – and this Brazilian is a big part of the reason why. He opens up on his move to Australia ahead of the derby on Saturday night.
Santos’ $3.5bm Narrabri project must be approved to avoid gas crisis
CEO Kevin Gallagher says Australian authorities must approve its $3.5bn Narrabri project if they want to avert a looming east coast gas shortfall and safeguard jobs.
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes’ big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
EDO could be stripped of its charity status
The EDO could be stripped of its charity status if the non-profit commission finds it breached public trust and failed to act responsibly in its legal challenge against Santos.
Storing carbon imports ‘a money maker’ if attitudes change
Australia will pass up a potentially lucrative industry to rivals storing captured carbon emissions unless the federal government lifts its restrictions on importation, says Santos.
Santos production to jump amid expansion plans
The energy group, led by Kevin Gallagher, expects production to jump next year as a major growth project comes online.
Santos defers $3bn WA oil project as it focuses on dividends
A deferred decision whether to proceed with the Dorado oil development in WA is likely to please shareholders who have pushed for Santos to trim capital expenditure.
Aussie oil and gas ‘sheltered’ from Trump’s drill ambitions
Donald Trump wants to increase fossil fuel production which has the potential to trigger a global oversupply, however analysts say the big Aussie producers should be insulated for a while.
Fewer new LNG commitments this year, says forecaster
There will be fewer global LNG final investment commitments this year, which should ease the concern of giants like Woodside and Santos of a global glut, a respected industry observer says.
Coalition seeks corruption watchdog probe on EDO
The opposition says the Federal Court identified examples of the EDO and its agents manipulating material, coaching witnesses and confecting evidence in its legal fight with Santos.
Santos’ ability to hit net zero target not possible, court told
Santos’ road map to net zero emissions was unfeasible because it had set increasingly greater production targets, a group suing the oil and gas giant for alleged ‘greenwashing’ has told a court.
EDO expert panned rival’s work unread
The professor lamented a statement by the Tiwi Land Council for suggesting that some Tiwi Islanders supported Santos’s plans for the Barossa gas project.
Energy transition needs a balanced, long-term approach
Key takeaways from Macquarie’s latest Green Energy Conference – which headlined the CEOs of Origin Energy and Santos – were the ever-present risks of a poorly managed transition.
Santos opponents referred to anti-corruption commission
Opposition resources spokeswoman Susan McDonald is drafting a letter to the federal corruption watchdog asking it to investigate the conduct of the EDO and the academics they used in their attempt to block Santos’ $5.8bn Barossa gas project.
Further doubts on expert’s ‘evidence’ as EDO bid backfires
The Environmental Defenders Office has been ordered to pay more than $9m to Santos over its role in the legal challenge against the company’s Barossa gas project. It only has $8.5m in the bank.
ASX 200 hits new records as CSL, CBA gain; Star cops first strike
Star investors vote against CEO pay amid liquidity, viability concerns. ACCC sues Webjet. IAG snaps up most of RACQ underwriting for $855m. AVJennings shares rocket on takeover. Activist group ordered to pay Santos $9m.
Cook’s concern over activists’ heritage hijack
The revelations about the EDO’s conduct have also prompted calls for greater clarity around the sources of the organisation’s foreign funding
Serpent and a total Croc: Inside lawfare plot to block $5.8bn gas project
Academic and cultural experts exchanged emails and text messages coaching each other on how to use a rainbow serpent and crocodile man songline map to block Santos’s Barossa project in the Timor Sea.
Santos to hike returns to please frustrated investors
The move will please some investors, which are increasingly frustrated by little growth in the company’s share price – though it will stoke concern about the capacity of the company to invest in growth developments.
ASX 200 at all-time high; CBA hits record
ASX 200 soars to record high on large scale buying before a late selloff. RBA ‘vigilant’ on inflation risks. Goyder to chair Perron Group. TechOne hits record after profit jump on a strong day for tech stocks. CBA, Xero, WiseTech also hit records. Elders dives after capital raise. Santos buoyant on higher returns promise
Santos under pressure to reveal growth projects
Santos must show how it can bolster production in the medium term without spending a significant amount, analysts say.
MinRes shuts lithium mine as Santos blasts top job speculation
Santos has rejected claims its boss Kevin Gallagher is a potential replacement for embattled Mineral Resources managing director Chris Ellison.
Original URL: https://www.theaustralian.com.au/topics/santos