News Articles for Kevin Gallagher

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

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.

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.

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

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

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.

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

Our weekly appointments wrap includes Vanessa Kickett, Barry Winmar, Noelene McCormick, Robyn Collins, Kim Gibson, Romola Bucks, Kevin Gallagher, Ian Davies, Melanie Lynn and Vincent Bellandi.

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

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

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

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

Santos is confident a suite of financial measures introduced today will help it withstand the impacts of COVID-19, while MMA Offshore has withdrawn its guidance as the virus crisis hits the energy sector.

Santos has already offloaded a portion of the Darwin LNG operation for $US390 million ($620 million) to South Korean SK E&S, in line with plans flagged during an acquisition of ConocoPhillips' northern Australian assets in October.

Santos has posted a 7 per cent rise in annual net profit as a jump in production helped offset weaker gas and oil prices across the year.

Developing the Dorado oil project will cost up to $2.2 billion, with front-end engineering and design to start next year, Santos revealed today, while forecasting $60 million of investment in Western Australia in 2020.

Our weekly appointments wrap includes Severine Logan, Michael Murphy, Peter Egan, Gningala Yarran-Mark, Kevin Gallagher, Ian Davies, Darren Hedley, Zoe Yujnovich and Paul Graham.

Modec International has been selected to build a floating production platform for the Barossa gas project, beating a consortium of Technip and Samsung, with gas to be piped to backfill the Darwin LNG plant.

Santos has struck a deal to pay up to $US1.44 billion ($A2.12 billion) for ConocoPhillips' interests in northern Australia, including its majority stake in the Darwin LNG plant and its interest in three major gas fields off the coast of Western Australia and the Northern Territory.

Allseas Group has been selected to build a 260 kilometre pipeline linking the Barossa gas field to the Darwin LNG facility, with ConocoPhillips likely to make a final investment decision on the project before March 2020.

SPECIAL REPORT: Four prospective domestic gas projects will be key to ensuring adequate supply in WA in the next decade, despite new facilities recently starting up.

Santos has increased its gas production in Western Australia, following its $2.9 billion takeover of Quadrant Energy late last year.

Santos and Carnarvon Petroleum say they have confirmed the discovery of a major oil and gas resource off the coast of Western Australia.

ConocoPhillips has awarded the first engineering contract for its Barossa offshore project to Technip Oceania for the supply of the subsea production system and associated installation support.

Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.

Santos plans to nearly double natural gas production to more than 100 million barrels of oil equivalent by 2025.

Santos is set to become the dominant supplier of gas in the Western Australian domestic market after striking a deal to buy privately-owned Quadrant Energy for $US2.15 billion ($A2.95 billion).

ConocoPhillips has set up a design competition between two engineering groups led by Technip Oceania and MODEC for the key facilities at its Barossa gas project in the Timor Sea while WorleyParsons subsidiary Intecsea has been awarded a separate contract for subsea infrastructure.

Former Business News 40under40 winner Sally Capp has been elected as Melbourne's lord mayor, joining a growing list of past winners who have gone on to bigger things since claiming the award.

The US private equity firm aiming to buy Santos has raised its bid for a third time, valuing the local oil and gas producer at about $13.5 billion.

Plans to use the Barossa gas field in the Timor Sea as backfill for the Darwin LNG plant received a boost today, with the project getting a tick of approval from the National Offshore Petroleum Safety Authority.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it seeks to boost production as part of its turnaround plan.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it looks to boost production as part of its turnaround plan.

Oil and gas producer Santos has reduced its half-year loss to $US506 million ($A640 million) even though it had an impairment charge of $US689 million on account of lower oil price forecasts.

Oil and gas producer Santos has signed an agreement to supply gas to Engie's Pelican Point power station in South Australia.

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.