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.
The South Australian producer was hit with a first strike on pay, which it blamed in part on an adverse proxy adviser report from ISS
Influential proxy adviser ISS says it has a ‘high degree’ of concern about CEO Kevin Gallagher’s proposed $6m bonus.
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 has been tipped for more than $4bn of equity selldowns following its $21bn merger with Oil Search.
Booming oil and LNG prices and strong production saw Santos deliver record quarterly revenue of $US1.9bn.
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 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 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.
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.
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.
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.
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.
Original URL: https://www.theaustralian.com.au/topics/santos/page/12