Santos backs Narrabri gas
Santos has declared the controversial $3.6 billion Narrabri coal-seam gas project is one of its top growth options.
Santos has declared the controversial $3.6 billion Narrabri coal-seam gas project is one of its top growth options.
Santos shares have tapped a fresh 10-month high, after it unveiled a strong third-quarter production report.
Hony Capital has boosted its holding above 15 per cent with a fresh purchase through Citi.
After being hauled to Canberra for crisis meetings, the east coast gas industry is starting to respond. But Santos is a quandary.
The gas industry has pushed back against the PM’s plan to curb some LNG exports if there is a domestic gas shortage.
Santos shares have dived 5pc after it said it would seek clarification on expected new gas export restrictions.
Industry hits back at new gas export restrictions, while Bill Shorten says they’ll be “hot air’’ without companies’ support.
Macquarie says the airline’s cash generation is “under appreciated”, the stock well placed to play sector catch up.
Santos chief Kevin Gallagher will take a tough line when he meets Malcolm Turnbull today.
As Australia’s biggest gas producers face a grilling from the PM today, the spotlight is brightest on Santos.
Santos says there could be job losses and industrial closures if its $3.6bn Narrabri gas project does not go ahead.
Adelaide-based battery storage company Zen Energy will join forces with oil and gas producer Santos.
Oil prices may have bottomed but there are signs production among local oil and gas firms may have peaked.
Macquarie continues to eye a closer relationship with Central Petroleum, claiming a half-stake in the Mereenie field.
Macquarie has nabbed a 50pc stake in the Mereenie oil and gas field half-owned by Central Petroleum.
Santos has suffered its worst market performance this year, after surprising with its $1.5bn capital raising.
Some shareholders are describing the raising as being highly opportunistic on the back of a rallying share price.
Institutional and retail holders will be tapped as Santos seeks to strengthen its balance sheet amid an operational overhaul.
Colombian President Juan Manuel Santos uses speech to celebrate the end of the longest-running conflict in the Americas.
Santos MD Kevin Gallagher has given a stinging assessment of how the struggling energy company was being run.
After steering a course through the oil storm, Santos has now switched its focus to something other than sheer survival.
Energy group Santos will separate second-tier assets from core natural gas operations as it targets deep cuts in debt.
A court has ordered state oil giant Petrobras to cease the sale of its Bauna and Tartaruga Verde oilfields.
Santos is remaining calm in the face of credibility attacks by Chinese billionaire Wang Yusuo.
Santos shares surged after former shareholder Hony Capital claimed 2.25pc of its stock at a substantial premium.
A new wave of redundancies, adding to 1050 in the last 18 months, has begun under Kevin Gallagher.
Santos has sold its remaining Victorian gas assets in an $82 million deal with fellow Adelaide company Cooper Energy.
Cooper Energy’s $82m purchase means Santos will shed stakes in Victorian offshore gas fields.
Santos has opted to hedge oil production, as solid Q3 output allowed it to lift the lower end of its guidance range.
Energy group Santos has announced that Roc Oil boss Anthony Neilson will replace Andrew Seaton as CFO.
Original URL: https://www.theaustralian.com.au/topics/santos/page/19