Trading DayTrading DayMarch quarter GDP slower than expected. Incoming Crown chair will also head Balmoral Group. Xero dives on convertible note offering, block trade. Medibank falls as Australian Information Commissioner sues.
DATAROOMDataRoomThe question analysts are asking is whether Santos would reap any proceeds from Western Australia asset sales, what with decommissioning costs.
DATAROOMDataRoomTwo US-based suitors are understood to be sizing up Santos assets in its Western Australian and Alaskan portfolios.
DATAROOMDataRoomSantos is thought to be preparing to restart the sale process for its stake in the Dorado oil and gas project off the WA coast.
FinanceNewsWireOne of Australia’s energy titans will cut 200 jobs, blaming a delay in ‘growth activities’ for the cull.
EnergyMining & EnergySantos has laid off 200 employees and contractors primarily in Western Australia, and says it’s because it has been unable to secure approvals for projects.
EnergyMining & EnergySantos is ‘open to all opportunities’ to maximise the value of its assets, with more consolidation expected across the world oil and gas sector, says CEO Kevin Gallagher.
DATAROOMDataRoomAustralian listed oil and gas producers Santos and Beach Energy are looking to streamline their portfolios, with divestments as well as mergers and acquisitions on the agenda.
Trading DayTrading DayThe market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
InquirerInquirerThe amazing Outback wonder has become the latest battleground in the war over native title rights versus the right of all Australians to enjoy continued access to the outdoors for recreation.
Legal affairsLegal AffairsSantos is closer to establishing who bankrolled a failed campaign against its massive $5.3bn Barossa gas project.
FootballSydney FC is just one home win away from reaching another A-League W grand final, yet this time it was thanks to two stars on the rise but the job isn’t done yet.
MarketsTrading DayFor stocks and bonds, 2024 is in some ways shaping up like 2023, which begs the question: has the market stopped listening to Fed chair Jerome Powell?
FootballIf you want to be the best you have to beat the best – but before teenage football prodigy Indiana dos Santos jets overseas she has to finish high school – and hopefully win another A-Leagues title.
EconomyBusinessSantos and the Shahin family’s Peregrine Corporation again head up our largest public and private companies, new data from IBISWorld shows.
energyMining & EnergyThe energy group has avoided a push from some climate-focused investors to remove its chairman, securing overwhelming support from investors.
EditorialCompany bosses should not be distracted by woke social agendas.
Editorial
energyMining & EnergySantos is targeting four environmental activist groups for legal costs, a novel tactic that underscores the energy producer’s aggressive approach for redress.
Legal AffairsMining & EnergyThe oil company which merged with Santos in 2021 has claimed that opinions held by a former executive are not fact and did not need to reported to the ASX.
DATAROOMDataRoomThe departure of its head of mergers and acquisitions has many thinking it could be a while before Santos embarks on any major deals.
DATAROOMDataRoomCanadian lobbying firm Crestview Strategy has tapped a high-profile former Santos exec to lead its push into the local market.
EditorialSqueeze is tightening on companies over environment reporting.
Editorial
Legal affairsMining & EnergyA national tribunal’s failure to consider the effect of climate change on native title has delivered another blow to Santos’ Narrabri gas project.
best and worst revealedNationThe first gender pay list of almost 5000 Australian companies has been released by the Workplace Gender Equality Agency | LIST: See how your company ranks
DATAROOMDataRoomSources believe ConocoPhillips has had its eye on the Santos Gladstone LNG asset in recent months.
ManufacturingRenewable energy & economySanjeev Gupta wants to establish a state-of-the-art green iron and steel plant in South Australia powered by renewable energy and green hydrogen.
EnergyMining & EnergySantos’s boss says the company’s emerging projects will provide transformational cash flow in coming years, following a record full year dividend being declared.
Trading DayTrading DayRio Tinto annual net profit falls to $US10.1bn; underlying result beats estimates. CSR trading halt amid takeover talk. Woolworths’ Brad Banducci apologised to Rod Sims. Corporate Travel dives. WiseTech soars.
GREEN ENERGYPoliticsFormer ACCC chair Rod Sims conceded a carbon tax that raised $100bn in its first year represented ‘a big hit’ on around 100 businesses.
energyMining & EnergySantos is under renewed pressure from shareholders to increase its value following the collapse of merger talks with Woodside.