Santos Ltd outperforms the Energy sector despite losses on the day
Here is the latest company close update for Santos Ltd, STO.
Here is the latest company close update for Santos Ltd, STO.
Santos faces a renewed period of takeover uncertainty with two Middle East heavyweights pondering a tilt at the underperforming energy producer.
Saudi Aramco dismisses ‘inaccurate’ Santos takeover report. Samsung flags 15-fold profit jump. Bitcoin down. NIB reassures on cover amid public St Vincent’s brawl.
The Federal Court has ordered the Environmental Defender’s Office to hand over communications with its discredited academic witness, in another blow in the ongoing fallout from its failed litigation against the Barossa pipeline.
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven’s retention bonus for Boral CEO.
Santos has acquired enough carbon credits for its soon-to-be ready new $5.7bn Barossa LNG development to meet tough new emission reduction targets.
Listed oil and gas producer Carnarvon Energy appears to have reached an impasse over its JPMorgan-advised sale process, and its future remains at the mercy of joint venture partner Santos.
Santos has asked a court to order the Environmental Defenders Office hand over communications with an academic who was a star witness for the failed challenge to the Barossa LNG project.
March quarter GDP slower than expected. Incoming Crown chair will also head Balmoral Group. Xero dives on convertible note offering, block trade. Medibank falls as Australian Information Commissioner sues.
The question analysts are asking is whether Santos would reap any proceeds from Western Australia asset sales, what with decommissioning costs.
Two US-based suitors are understood to be sizing up Santos assets in its Western Australian and Alaskan portfolios.
Santos is thought to be preparing to restart the sale process for its stake in the Dorado oil and gas project off the WA coast.
One of Australia’s energy titans will cut 200 jobs, blaming a delay in ‘growth activities’ for the cull.
Santos has laid off 200 employees and contractors primarily in Western Australia, and says it’s because it has been unable to secure approvals for projects.
Santos is ‘open to all opportunities’ to maximise the value of its assets, with more consolidation expected across the world oil and gas sector, says CEO Kevin Gallagher.
Australian listed oil and gas producers Santos and Beach Energy are looking to streamline their portfolios, with divestments as well as mergers and acquisitions on the agenda.
The market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
The amazing Outback wonder has become the latest battleground in the war over native title rights versus the right of all Australians to enjoy continued access to the outdoors for recreation.
Santos is closer to establishing who bankrolled a failed campaign against its massive $5.3bn Barossa gas project.
Sydney FC is just one home win away from reaching another A-League W grand final, yet this time it was thanks to two stars on the rise but the job isn’t done yet.
Original URL: https://www.theaustralian.com.au/topics/santos