ASX cools gains in late trading
The local sharemarket erased most of a spectacular 1.75 per cent early gain on Monday, ending the day just 29 points higher.
The local sharemarket erased most of a spectacular 1.75 per cent early gain on Monday, ending the day just 29 points higher.
Morgan Stanley and UBS are selling $785 million worth of shares out of Santos on behalf of Chinese investor.
The ASX 200 finished flat amid mixed trading, as Treasury Wine shares powered back and BoQ made a move on ME Bank.
Santos boss Kevin Gallagher says drawn out development processes for energy projects are getting in the way of supplying affordable gas to Australian consumers and businesses.
Santos has been hit by a further writedown in a blow that takes its total annual impairments to $1.15bn.
Santos has come out ahead of its upcoming annual meeting to say it won’t be getting out of oil and gas any time soon.
Santos managing director Kevin Gallagher has a clear message for Australian industry – get more efficient, just like Santos did.
The controversial Narrabri gas project being built in the north west of NSW faces a fresh legal challenge from environmentalists.
ASX ends three-day losing streak with higher close; NSW changes Sydney Covid outbreak rules; Santos faces new Narrabri challenge.
Will Santos follow Shell with an infrastructure sell-off?
Lower demand for energy during the coronavirus pandemic has caused oil and LNG prices to nosedive, resulting in bad news for producer Santos.
A deadline for the IPC to make a recommendation has been extended to September 30.
Santos has produced new economic modelling to sell the merits of its controversial $3.6bn Narrabri gas project.
The NSW Department of Planning has been accused of uncritically repeating ‘misleading claims’ about the controversial $3.6bn Narrabri gas project.
EnergyAustralia says the “stars are aligning” on Santos’s $3.6bn Narrabri gas project where it holds a 20 per cent stake.
The NSW Department of Planning has downplayed a key concern raised by opponents of Santos’s $3.6bn Narrabri gas project.
Industrial giants are warning that up to $2bn of planned spending on NSW manufacturing plants could be in peril.
EnergyAustralia, owner of a 20 per cent stake in Santos’s Narrabri gas project, has backed the gas producer’s efforts to open up a new supply source for NSW.
Macquarie says the airline’s cash generation is “under appreciated”, the stock well placed to play sector catch up.
Original URL: https://www.theaustralian.com.au/topics/santos/page/20