ASX ends 1.3 per cent higher at a record daily close of 7491. Tech sector rallied after Afterpay agrees to 31 per cent premium takeover bid from US giant Square and Oil Search accepts Santos’ sweetened bid.
The NSW government is set to slash the state’s petroleum exploration licences, except for those relating to Santos’ Narrabri gas project.
Australia’s oil and gas industry faces its biggest shake-up in a generation with a wave of M&A activity poised to reshape the sector.
Analysts at Morgan Stanley believe Santos should sell off Oil Search’s Alaska business should it succeed in a merger deal.
One of the questions being asked after Santos’s $22bn bid for Oil Search is where Woodside Petroleum fits into the picture.
After six months of talks, a high stakes mega merger between Santos and Oil Search is out in the open.
The fund giant warns it will vote against the management of companies it feels do not do enough to cope with the risks of climate change.
The long-awaited Santos bid for Oil Search is now public and for his next trick Kevin Gallagher needs to put some value on the table.
Santos has ambitions to be one of the 20 largest companies on the ASX, proposing a $22 billion merger with Oil Search.
If Santos CEO Kevin Gallagher pulls off Oil Search and delivers upside he will be worth every cent of his $6m incentive pay.
Santos is speculated to have been interested in a deal with Oil Search for at least three years, but now it has finally shown its hand.
Oil Search faces shareholder pressure to hold talks with Santos over a $23bn merger creating Australia’s biggest oil and gas producer.
Energy company Santos is understood to have made approaches to Oil Search about a merger deal in the past six months.
Stocks recovered nearly all their early losses by lunch but closed in the red. Blow for Crown, BHP record quarter, JB Hi-Fi surges, Santos in Oil Search merger offer.
The prospects of anyone drilling for oil in the Great Australian Bight in the next decade seem remote with Santos handing back its right to explore for oil in the region.
A new impact bond fund launched by global investment giant Nuveen counts ASX-listed Santos as one of its issuers.
Strike Energy’s Stuart Nicholls has taken Andrew Forrest to task over claims new gas projects were ‘fossils’ for their high carbon emissions.
Australia’s energy sector faces fresh competitive threats as the OPEC oil cartel flexes its muscle while LNG rivals like Qatar are expected to hike production.
The price fight between gas users and producers is ramping up, with some claiming the spectre of government intervention is undermining the industry.
A $210m carbon storage project in the state’s Far North is a step closer following a $15m funding boost from the federal government.
Energy giant Santos is thought to be moving further down the track towards a selldown of about $5bn worth of infrastructure assets.
The 104th edition of one of the most hotly anticipated races on the cycling calendar, the Giro D’Italia, is set to begin in a matter of hours.
Santos has teamed up with Italian oil giant Eni to consider working on gas projects in northern Australia and East Timor.
Energy Minister Angus Taylor has dialled back speculation he may be in favour of introducing a mechanism to drive price controls for gas.
Santos saw its first-quarter revenue rise, despite a dip in output, as the South Australian producer cashed in on higher Asian LNG prices.
Santos says its Moomba carbon capture and storage ties in with the Federal Government’s hydrogen ambitions, but again flagged the need for carbon credits.
Rejuvenated by a $6m incentive to remain with Santos until 2025, boss Kevin Gallagher has come out swinging against federal government ‘intervention’ challenging future energy supply in Australia.
With a huge amount of decommissioning set to begin within a decade, Canberra is positioning to make sure it’s not stuck with a huge oil and gas clean-up bill.
Santos boss Kevin Gallagher has $6m worth of reasons to pull out of the race for Woodside’s leadership, at least until 2025.
Santos boss Kevin Gallagher has stoked speculation he is being considered as the next Woodside Petroleum chief executive.
Original URL: https://www.theaustralian.com.au/topics/santos/page/14