Regulatory environment ‘killing’ LNG industry: Santos
The energy giant’s CEO says Australia must move quickly on legislative changes as the country’s $91bn LNG industry is being ‘killed’ by opponents exploiting regulatory ambiguity.
The energy giant’s CEO says Australia must move quickly on legislative changes as the country’s $91bn LNG industry is being ‘killed’ by opponents exploiting regulatory ambiguity.
Ethics probe finds George Santos sought to fraudulently exploit every aspect of his candidacy for his personal financial profit.
A Federal Court ruling will prevent Santos from completing the laying of undersea pipelines, casting doubt over the company’s $5.3bn Barossa project.
Southern Cross rebuffs Catalano merger offer. Santos blocked from laying entire Barossa pipelines. Wages rise 1.3 per cent in 3Q. Optus says parent company Singtel’s upgrade triggered outage. Platinum gets first strike.
Santos and Beach Energy have secured a licence to investigate the prospect of storing more carbon dioxide in South Australia.
Santos cannot begin installing undersea pipelines for its $5.3bn Barossa project as planned due to cultural heritage risks, a Federal Court has ruled in a hammer blow to the company.
Sydney man Hakan Ayik, an accused drug smuggler who has been on the run for more than a decade, has been detained in a mammoth operation by Turkish anti-narcotic police in Istanbul.
Bourse extends gains to three days. Australian Super rejects new Origin bid, looks to lift stake. Santos shares fall on court block. Pacific Current soars on GQG interest.
A looming Federal Court ruling threatens the timetable of Santos’ $5.3bn Barossa development, a project hampered by a spate of legal challenges.
Tiwi Islands traditional owners are asking for an “urgent injunction” in federal court to stop work on Santos’ $3.5bn Barossa gas pipeline project.
Liontown in $365m equity raising, $760m debt funding. Consortium works on higher Origin offer. Qantas, Telix, Netwealth drop. 1200 jobs at risk at Alcoa Kwinana. AUD drops on jobs data.
The energy group is facing calls to split to give investors exposure to LNG, which is expected to be a great demand as countries wean from coal.
RBA November meeting ‘live’ as hints at hike. Santos lifts on LNG split calls. Bapcor dives as revenue growth slows. ACCC nod to NBN Co pricing. Fiery last AGM for Telstra chair John Mullen.
Origin hits five-year high. Star investor Mathieson’s dilution hit. Annual profit back at Virgin Australia. Chair defends Endeavour performance. Politis boost for Eagers.
Low oil price hits Woodside, Santos. Lithium miners fall on JP Morgan downgrade. Union bid to expand IR laws. Trade surplus up more than expected. AUD gains.
Santos will unlikely sell down its holding in its Pikka asset in Alaska before 2025 as the oil and gas company has to first prove the viability of the project.
Santos managing director Kevin Gallagher will dial back his external commitments so he can support a family member’s medical treatment through to the end of the year.
Embattled aviation giant boosts fix-it budget. Pilots add to calls for Qantas chair’s exit. Skin graft biotech PolyNovo says sales accelerating. Star halts for refinancing update.
Kevin Gallagher’s revelation his Adelaide home was targeted comes a month after protesters were arrested outside the Perth residence of Woodside Energy boss Meg O’Neill.
Qantas faces $200m plus hit. Billionaires Heines sell more of Netwealth. Viva down on Vitol sale. Pact soars on Geminder bid.
Time is money says Santos, as it defends leasing a private jet so boss Kevin Gallagher could fly more quickly to meetings, including one that coincided with a top rugby game.
A number of Matildas’ stars were just 15-years old when they made their A-Leagues debut – now a Sydney teen is on the same path.
Funding constraints mean PNG’s national petroleum and energy company will buy just over half of the planned 5pc stake from Santos, in a deal that tempers market nerves.
PwC pay cuts amid ‘reputational challenges’. Billionaire Solomon Lew’s Myer top-up. Fortescue’s revolving door. Qantas trust issues weigh. Mayne continues to bleed.
The energy group has endured lower revenues as gas prices also dipped from the record highs in 2022.
Bourse hits four-day high. APA targets $675m raise. Domino’s rebounds to be top gainer. Woolworths dividend up. WiseTech drops on earnings miss. Iron ore boost for miners.
After being forced to twice extend its exclusive rights period to buy a 5 per cent stake in Papua LNG, the state-owned company’s boss says the deal is finally close.
Embattled Beach Energy has named Brett Woods as its new CEO after the abrupt exit of Morne Engelbrecht, as the oil and gas company endures yet more upheaval.
CBA rallies on dividend beat and $1bn buyback amid record profit. InvoCare board backs lower TPG bid. Suncorp falls on ‘disappointing’ update. Energy providers see strong turnover. Australia likely to avoid hard landing.
Santos is believed to have shortlisted bidders for round two in the contest for a stake in its Dorado project in Western Australia.
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