Russian gas freeze fires huge price rise
Russia’s move to cut gas supplies to Europe is set to exacerbate a supply squeeze and spark a further price windfall for Woodside Petroleum and Santos.
Santos
Santos selldowns loom as energy markets boom
Santos has been tipped for more than $4bn of equity selldowns following its $21bn merger with Oil Search.
Price boom lifts Santos to record
Booming oil and LNG prices and strong production saw Santos deliver record quarterly revenue of $US1.9bn.
ASX up as investors pile in
ASX rose 0.3 per cent, led by financial stocks including Challenger and CBA, plus Brambles. Betmakers soars after striking deal with News Corp. Ramsay extends gains on $20bn bid. BHP dumped after update.
Santos launches buyback, dividend boost
Santos will launch a $US250m ($338m) share buyback in May with high oil prices set to boost investor returns after the company rebooted its capital management model.
ASX ends flat; Ramsay soars
ASX 200 gives up gains to finish steady. Ramsay Health rallies on $20bn KKR bid. CSL, Wesfarmers and Whitehaven also strong. Rio Tinto drops after poor quarter.
Energy players, miners lift ASX
ASX closed nearly 0.6 per cent higher, led by Woodside, Santos, BHP and banks. RBA flags rate hikes coming soon amid inflation and wages watch. Boral dumps CFO and AMP confirms Dexus talks.
ASX closes up; Woodside-BHP deal ‘fair’; Star inquiry extends
The ASX 200 gained 35.2 points to close up 0.47 per cent to 7478. Woodside $40bn BHP deal ‘fair’. More witnesses to be called in extended Star casino enquiry. RBA says rate hikes, inflation to hit repayments.
Hedge fund activists take aim at Coates
The activist European hedge fund agitating for Glencore to carve off its thermal coal assets has a new target: former Santos and Minerals Council chairman Peter Coates.
Santos revs up its PNG gas project sale pitch
Oil and gas giant Santos is set to reduce its exposure to the PNG LNG project with speculation that it will offload a 10-15 per cent stake.
Santos lifts emission reduction targets
Santos has vowed to make a 30 per cent cut from its Scope 1 and 2 emissions by 2030, at the top end of a previous 26-30 per cent range set in November 2020.
Woodside and Santas among worst climate performers
Almost none of the nation’s top emitting companies have set targets for a safe climate trajectory, according to a global study.
Santos’s WA oil discovery second biggest in recent years
Santos delivers “great result’’, striking oil right next to its $US2bn Dorado project which is nearing a final investment decision.
Santos, Fortescue selected to develop SA hydrogen hub
Billions in investment will be unlocked as energy giants including Santos and Fortescue Future Industries join forces on SA hydrogen hub.
CEOs warn ‘off the charts’ energy prices to stay high
‘Off the charts’ energy prices are expected to remain for some time, energy bosses say, as a ban on Russian oil and scramble for supplies roils commodity markets.
Advisers get busy on oil & gas deals
Santos is understood to have already started speaking to prospective buyers for its Alaska project as the surging oil price triggers more action in the oil and gas space.
Booming gas prices don’t make case in Browse or Sunrise fields
True, oil and gas markets are up-ended by Ukraine. But the idea of a new gas boom in global markets that could see ‘too hard’ projects revived is neither edifying nor realistic.
Santos CEO quits MinRes board after investor rebuke
Santos chief executive Kevin Gallagher has stood down from the Mineral Resources board after shareholders raised concern over the move.
Miners, energy stocks drive ASX gains
ASX 200 extends gains for a fifth day in a row, led by mining and energy companies. Santos CEO reverses MinRes board move and CommSec to pay $20m fine for overcharging.
Russia bans may boost gas giants
Australian LNG producers are set to cash in as Russian turmoil creates fresh uncertainty in global energy markets.
Santos banks on price boom as profit triples
The South Australian energy group has delivered a major annual profit boost just weeks after sealing its $21bn merger with Oil Search.
Solid ASX finish; Treasury Wine, Liontown soar
ASX closed 1.1 per cent higher, driven by healthcare, real estate and financial stocks. Liontown surged on Tesla deal, CSL and Treasury Wine jumped on solid interim results and business credit demand bounced back.
Oil Search exodus after Santos merger
A string of Oil Search’s top executives have quietly left the gas producer just weeks after its $21bn merger with Santos.
Santos claims world-first carbon storage milestone
Santos is claiming a world-first in “booking” a 100 million tonne carbon storage capacity in the Cooper Basin in South Australia’s Far North.
Santos CEO move draws rebuke
Kevin Gallagher’s decision to take up a position on the board of iron ore and lithium producer Mineral Resources has drawn criticism from an activist shareholder group.
Santos keen for PNG LNG sale
Santos boss Kevin Gallagher is thought to be moving on a selldown in PNG LNG, with talk that he wants to get a deal done quickly.
Santos to sell assets as energy prices soar
The $24.4bn oil and gas giant will ‘deliver even stronger outcomes’ after posting record output and revenue as it works through a massive projects pipeline.
Gold dazzles as ASX inches higher
The ASX crept into the green as energy producers Woodside and Santos booked record numbers, while gold miners shone brightly.
BHP a step closer to Aussie return, ASX gains on miners
BHP’s Australian shareholders have voted overwhelmingly in favour of returning the mining giant to its Australian home. ASX adds 0.1 per cent on mining gains.
LNG exports hit $48bn but big gas stocks sputter
Shares of global companies leveraged to LNG have surged. Not so in Australia, where major producers have underperformed despite a record $48bn in the nation’s exports.
Original URL: https://www.theaustralian.com.au/topics/santos/page/11