News Articles for Santos

Oil Search shareholders have voted in favour of a proposed merger with Santos, clearing the way to form a top 20 global oil and gas entity.

Listed contractor GR Engineering Services has secured three years of work on Santos's coal seam gas operations in Queensland.

Confirmation of Santos and Beach Energy's $220 million carbon capture and storage project in South Australia has been followed by the swift departure of Beach's chief executive, Matt Kay.

Increased use of solar energy to power the gas industry could help curb Australia's carbon footprint, according to a new report.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Santos and Oil Search have struck an agreement to merge their businesses through an all-scrip deal worth $21 billion.

Santos has awarded a front end engineering contract for design, construction, and installation of the Dorado wellhead platform to Sapura Energy.

The offshore oil and gas regulator has reiterated warnings to industry about crane use, after 29 dangerous incidents in 11 months.

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

AGL Energy will give investors a say on reducing carbon emissions but some argue the energy provider needs to do more.

Oil Search has rejected a Santos merger bid valuing the joint entity at $22 billion, revealed one day after Oil Search's chief executive resigned.

Money is seeking a safer home as the threat of inflation looms.

Engineering work for the $US2 billion Dorado oil and gas project will soon get under way, proponent Santos said, with a final decision due mid-2022.

The petroleum industry and environmental activists may have clashed this week but they are both heading in the same direction on emissions reduction.

The world risks national oil companies stepping in to replace private capital if emissions reduction is poorly handled, Kevin Gallagher has warned, after the industry came under fire from Andrew Forrest today.

Engineering company Clough and its former directors have lost their bid to have amendments to Forge Group's $200 million claim against them struck out, as the legal battle enters its third year.

Cottesloe company Kato Energy is progressing plans to develop multiple ‘stranded' oil fields off the WA coast after gaining key regulatory approvals this month.

Santos and Pilbara mining giant Rio Tinto have entered a new gas supply agreement, which will take effect later this year.

The $US3.6 billion Barossa gas project will go ahead, Santos announced today, a move that will extend the life of the Darwin LNG plant.

Woodside Petroleum has joined other major resources companies in putting its climate report to a non-binding advisory vote of shareholders next year.

Developing a technology road map and finding options for local recycling will be two initial projects of a new decommissioning centre for the oil and gas industry.

Exploration spending for onshore oil and gas exceeded offshore in 2020, a highly unusual trend, although gas reserves may be in terminal decline, Energy Quest said.

Decisions on two big gas projects are due, $12 billion of chemical projects are under consideration, and a decommissioning timebomb awaits.

Santos has approved a $US235 million drilling program to extend the life of its Bayu-Undan field in the Timor Sea as a backfill to the Darwin LNG plant.

LNG & Domgas: $US11 billion projects set for 2021 approval; AEMO says domgas sufficient until 2026; Kirkup sticks with onshore export ban.

The statutory pay reported by listed companies tells only part of the story. Some companies also report ‘actual' pay.

The Morrison government has approved a controversial gas field in northwest NSW, paving the way for the $3.6 billion coal seam project to go ahead.

Western Australia's Kleenheat has secured three years' worth of gas from Santos under a new supply agreement.

Qatar is moving to reclaim its place as the world's biggest LNG exporter, potentially jeopardising WA exports.

The NSW premier insists the controversial Narrabri coal seam gas project went through a robust assessment before it was approved, sparking outrage from locals.

Industrial services provider Downer has been awarded $324 million in contracts with the likes of BHP, Santos and Wesfarmers across the electricity, oil, gas and industrial sectors.

Adelaide-based Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas.

CIMIC Group's maintenance and turnaround specialist business has secured $180 million in work, including at BP Australia's oil refinery in Kwinana.

Santos will book non-cash impairments of up to $US800 million ($A1.1 billion), joining a number of global energy majors forced to write down assets.

Santos has entered into a new gas supply agreement with Johannesburg-listed Gold Fields for three of its gold mines in Western Australia.

Santos has posted a 13 per cent drop in first-quarter revenue due to lower realised prices for oil and gas but says it has sufficient liquidity and debt headroom to weather the recent crude price c

A historic overnight collapse in oil markets has not significantly shaken bigger ASX-listed energy producers today, but it does foreshadow continuing uncertainty for one of Western Australia's largest export industries.

The Australian share market has opened two per cent higher as coronavirus-fuelled volatility continues.

The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.

Decisions on two LNG projects worth a combined $22 billion are likely to be delayed from this year to 2021, according to analysts Wood Mackenzie, while many producers have cut back to only essential staff.