Santos approves $30bn takeover from Abu Dhabi consortium
The deal includes promises to maintain Santos’ headquarters in Adelaide and accelerate investment in gas in Australia, should it go through.
The deal includes promises to maintain Santos’ headquarters in Adelaide and accelerate investment in gas in Australia, should it go through.
A major international oil consortium has made a nearly $30bn play for Australia’s second largest oil producer at a time when the price of crude is soaring.
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These LNG tankers are not small, so for all the hoo-ha over Victoria’s new gas import terminal, the fact the shipping channel to the site might not be big enough is surely cause for concern.
When it comes to gas, Victoria is more likely to pass wind projects so it’s a surprise Viva’s LNG importation terminal to bring back what we already produce has got the go-ahead.
Kevin Gallagher’s remarks show mounting frustration with Victoria’s aggressive stance on fossil fuels, even as the state remains reliant on gas to power industry and heat homes.
Liberal leader Sussan Ley and Nationals leader David Littleproud have announced the new shadow cabinet: O’Brien treasury, Cash foreign affairs, Taylor defence, Paterson finance; Environment Minister Murray Watt has approved a four-decade extension for Woodside’s North West Shelf gas project.
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Santos chief Kevin Gallagher says the oil and gas industry is frustrated by political and investor pressure to accelerate decarbonisation in a market which favours hydrocarbons.
Our big five resources stocks – BHP, Fortescue, Rio Tinto, Woodside and Santos – have disappointed investors recently, and now face fresh challenges.
A tribunal ruling has found Santos’ proposed Narrabri gas development in northern NSW is in the national interest, but the project now faces further political and regulatory hurdles.
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Talks between Santos and the NSW government over a possible carbon capture and storage plan at Narrabri have put green groups on alert.
The disgraced New York Republican previously had pleaded guilty to fraud and identity theft for lying about campaign funds and fleecing donors
Final approval for Santos’ $5.8bn project and pipeline in the Timor Sea is a welcome development.
Gas giant Santos says its $5.8bn Timor Sea pipeline was expected to produce its first gas in the third quarter of the year after it overcame a ‘distorted’ environmental challenge.
Widespread flooding in South Australia has forced Santos to shut its upstream gas facilities in the state’s Cooper Basin, potentially curtailing supplies in the lead-up to winter.
Coalition gas reservation policy fractured the market between apparent winners and losers. Santos boss Kevin Gallagher attending a Liberal function has escalated tensions even further.
Santos chief executive Kevin Gallagher has dismissed suggestions he will leave the business when his loyalty bonus is paid.
The $17bn Australian-listed Santos is understood to have been shopping for liquefied natural gas opportunities in the US.
Despite lodging a bid, Santos-backed Gladstone LNG might be out of the running to buy coal seam gas business Meridian because other suitors could make a better offer.
Key market index now 10 per cent below February 14 record close as tariff fears hit investors. Woodside, Santos lead energy slump. Banks and miners also in the red.
Three energy executives have emerged in a short list to replace long-time Santos boss Kevin Gallagher when he exits the oil and gas major.
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Santos’ LNG facility is seeking short-term gas supply deals due to the looming expiry of a contract with Australia Pacific LNG, which is part owned by Origin Energy.
A year after rumours surfaced that ConocoPhillips was eyeing the liquefied natural gas assets of Santos, deals could be back on the agenda.
Kevin Gallagher is the latest energy industry executive to urge Australia to follow the US lead and embrace the comparative advantage of abundant gas reserves.
Fresh life has been breathed into Melbourne Victory’s season – and this Brazilian is a big part of the reason why. He opens up on his move to Australia ahead of the derby on Saturday night.
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