Climate threat mounts after Santos’ Barossa blow
Australia is becoming one of the most litigious countries for environmental activism, analysts say, after Santos was forced to halt drilling on its $5.4bn Barossa gas development.
Australia is becoming one of the most litigious countries for environmental activism, analysts say, after Santos was forced to halt drilling on its $5.4bn Barossa gas development.
A group of Australians have had a huge victory in a first-of-its-kind court case against one of the world’s mining giants.
Santos has attacked a court decision that forced a halt to drilling on its $4.7bn Barossa gas development in the Northern Territory.
The ASX 200 closed 1.6 per cent lower at a two-month low amid jitters about the fallout of the next US rate hike. Imugene, Sayona Mining and Champion Iron lead the losses. Still, Soul Patts and Viva Energy found strong support.
A major oil and gas producer is expected to put the feelers out for a new Brisbane head office, while after a year long process the world’s largest miner has elected to remain in its local HQ.
UniSuper is standing firm on its remaining fossil fuel exposures, saying it will not be pressured to fully divest, even as it admits it now has little clout with oil and gas majors.
ASX ends higher as energy and miners gain. Whitehaven Coal hits record high; European gas prices rocket 30 per cent, Fortescue trades ex-dividend and jobs ads exceed peak
ASX has its biggest one-day fall in two months as just four stocks higher. A2 Milk surges on result, iron ore futures hit miners, Fortescue profit drops and retail sales soar.
ASX on its best winning streak in 15 months with a fifth week of gains. TPG plunges, AGL profit hit, Woodside leads coal rally and gas security mechanism to last till 2030.
The market had hoped to hear Santos quitting its Alaskan oil interests and a selldown of its PNG LNG holding. It didn’t.
ASX-listed Nickel Industries is seeking to bridge the gap between Indonesia’s nickel resources and ESG concerns by embracing renewable energy.
Santos approved its $US2.6bn ($3.7bn) Alaska oil project after more than tripling first-half profits, saying the global energy crisis had sparked a rush for new supplies.
ASX ends 0.3 per cent higher, recording its best close in 10 weeks. Investors pile into Challenger, BHP, Wesfarmers, Brambles and Super Retail with a flurry of earnings results. CSL lost ground after profit fell.
Santos is understood to have made progress on plans for asset sales overseas, including its Alsaka project, and is expected to deliver an update to investors on Wednesday.
Santos has bought the Hunter Gas Pipeline as it seeks to develop a new $1.2bn route for its long stalled Narrabri project in NSW.
ASX enjoys its best session in two weeks as discretionary and real estate leap. Mirvac jumps on earnings, Lake Resources rockets, while AMP and Telstra slide on FY22 results.
Woodside and Santos are about to announce billions of dollars in bumper earnings and that could be enough to trigger the political impetus to claw some back through a windfall tax.
Santos and its partners on the giant GLNG gas export plant have complained the LNG trigger under review by the Albanese government unfairly targets its joint venture.
The Santos Gladstone LNG project wants a key clause in the gas export trigger arrangements removed amid fears it would be held solely responsible for topping up local supplies.
Exxon and Santos were supplying to Weston’s customers. But a letter from officials changed that, handing the lucrative resource to AGL. And that is not in the national interest.
The NSW Premier has made a bold commitment to help steer Australia through its current energy crisis.
Community leaders 80km north of Darwin have launched an extraordinary Federal Court fight against a multinational company.
There should be no surprise that shutting down coal-fired power generation has led to shortages. It’s what we do now that matters.
Shell and GLNG, two of the big Queensland LNG investors, have fired a warning to Labor over intervention in the sector to calm a gas crisis.
Gas price shocks and shortages are due to a decade of energy policy failures and competition laws that stop producers working together to meet demand, says Santos chief Kevin Gallagher.
Major oil and gas producers from North America are believed to be lining up in the sale process for a stake in the Alaska-based Pikka project.
Santos executives including boss Kevin Gallagher will hold meetings in Tokyo this weekend with Japanese utilities interested in grabbing a stake in PNG LNG.
Energy boss Kevin Gallagher is worried about ‘kneejerk’ reactions from the winner of Saturday’s federal election.
The dial is shifting on carbon capture and storage. At APPEA everyone is talking about it as a critical step in the energy transition to get to net zero by 2050.
A Queensland worker is suing for $600,000 alleging Santos reneged on a deal and fired him after he moved his family to New Zealand.
Original URL: https://www.theaustralian.com.au/topics/santos/page/10