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
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.
Santos may spin off oil assets
As equity capital markets bankers continue to assess float opportunities for 2022, one on their list is Santos.
Bigger Santos pivots to cleaner future
Having sealed its $22bn merger with Oil Search, Santos CEO Kevin Gallagher says the company’s bigger balance sheet will help it transition to a low carbon energy future.
ASX ends 0.4% lower, Afterpay dives
ASX closes down 0.42 per cent with health and energy weak, Santos-Oil Search merger complete, and HomeCo restructure wins investor approval.
ASX closes lower; PNG stamps Oil Search takeover
ASX closed down 0.28% with tech stocks weak, PNG courts approve Santos-Oil Search deal, Woodside targets east coast, Sydney Airport lifts on ACCC backing and jobs recovery slows.
ASX extends gains, Zip, Mesoblast spike
The market’s strong run continues, closing up 1.25 per cent, led by tech and mining stocks. Woodside to invest $7bn in new energy, and telcos fork out $2bn on 5G spectrum.
Oil Search holders vote for $21bn Santos merger
Oil Search shareholders have overwhelmingly voted in favour of a $21bn merger deal with Santos.
ASX bolts as energy, tech stocks jump
ASX rallied late to finish nearly 1 per cent higher, driven by energy and tech stocks. RBA keeps rates on hold, Magellan hit on CEO exit, record month for Zip and travel stocks soar on Omicron relief.
ASX up slightly after Zip and Afterpay slump
The ASX 200 has finished fractionally higher, amid sharp tech falls led by Zip and Afterpay. Investors dumped Bapcor following early CEO exit. The Santos-Oil Search merger has cleared one PNG hurdle. Metcash soared after solid results.
Merger with Oil Search on track: Santos
Santos managing director Kevin Gallagher laid out his pitch to Papua New Guinea-based stakeholders in the planned merger with Oil Search, which goes to a vote next week.
Original URL: https://www.theaustralian.com.au/topics/santos/page/13