GLNG today received its environmental approval from the Federal government. The GLNG project is a joint venture between Australia’s largest domestic gas producer, Santos, and two of the world’s largest LNG companies, Malaysia’s PETRONAS and Total of France. The environmental approval follows review of the project’s Environmental Impact Statement (EIS) by the Federal Department of…
Production up 9% on previous quarter; flood recovery continues All Cooper Basin drilling rigs are back to full operation, although wet weather and floods continue to affect activities and production. Natural gas, ethane and LNG production of 58 PJ was down 6% on the corresponding quarter due to continued Cooper Basin interruptions, partially offset by…
Santos today announced the successful launch and pricing of a €300 million follow-on hybrid issue (approximately A$420 million). This follows Santos’ debut issue of a €700 million 100% equity credit Euro hybrid which settled on 22 September 2010. This will bring the total amount of hybrid capital raised by Santos in this market to €1.0…
Santos today announced the appointment of Andrew Seaton to the role of Deputy Chief Financial Officer. Mr Seaton will assume the role of Chief Financial Officer when Peter Wasow retires at the end of 2010. Mr Seaton, 45, joined Santos in 2005 and has over 20 years oil and gas experience, encompassing finance, banking and…
Investor Presentation – Delivering Transformational Growth.
Presentation to Carbon Expo 2010 in Melbourne.
Santos released its 2010 First Half Shareholder Update today.
Please find attached the Presentation by David Knox at the SEAAOC 2010 South East Asia Australia Offshore Conference held in Darwin today.
Santos today announced the issue of €650 million in Subordinated Notes (approximately A$900 million). Standard & Poor’s have confirmed that the hybrid will receive 100% equity credit. Standard & Poor’s press release is attached to this release. Santos Executive Vice President and Chief Financial Officer Peter Wasow said the hybrid issue demonstrates Santos’ ability to…
Santos notes media speculation about a potential hybrid issue. Santos advised the market in its half year results presentation on 26 August 2010 that it was considering a potential issue of hybrid securities. Santos has had discussions with potential hybrid investors. There is no certainty that a transaction will be executed. Santos confirms it is…
Santos sells 15% interest in GLNG to Total for A$650 million Santos signs binding LNG offtake contracts with PETRONAS and Total for 5 mtpa Value of LNG offtake exceeds A$100 billion and underpins two train GLNG project Santos today announced the execution of landmark agreements for the GLNG project. Sale of 15% interest in GLNG…
Santos today announced that it will develop new gas supplies for the Western Australian domestic market by developing and producing gas from the Halyard field, which it owns with Apache Energy Limited. The two companies will complete and tie back the Halyard well in WA-13-L (Halyard) and subject to the outcome of the Spar 2…
Santos reports 94% lift in half year net profit to $198 million Santos today announced a net profit of $198 million after tax for the half year ended 30 June 2010, up 94% on the previous half year. Profit was up due to higher product prices and lower exploration expense, partly offset by asset impairments…
2010 Half Yearly Results Presentation by David Knox & Peter Wasow.
2010 Half Year Report incorporating Appendix 4D
Santos today announced senior management appointments as the company continues to strengthen its leadership team. Peter Cleary will join Santos in the role of Vice President Strategy and Corporate Development. In his role, Mr Cleary will be responsible for the commercial, strategy and planning, corporate development, and public affairs functions, and will report directly to…
Santos today advised that it expects to report a net profit after tax in the range of $180 million to$200 million for the half year ended 30 June 2010. This result is significantly above the prior corresponding period and ahead of current analysts’ consensus of $152 million based on a survey of analyst forecasts conducted…
Santos today announced that Executive Vice President and Chief Financial Officer Peter Wasow will retire from the company at the end of 2010 following eight years service in the role. Santos Chief Executive Officer David Knox paid tribute to Mr Wasow as a key member of the management team that has focussed on building Santos…
Central Australia flood recovery underway, planned Darwin LNG shutdown completed Major wet weather and flood events continued to significantly impact Cooper Basin activities in the June quarter, however recovery is well underway and all drilling rigs are now back in operation. Quarterly natural gas, ethane and LNG production of 54 PJ was 9% lower than…
Santos today announced it has executed a A$2 billion bilateral bank loan facility. This new facility will be used to refinance Santos’ existing A$700 million of undrawn bilateral bank facilities that mature between 2011 and 2013 and to increase liquidity. Santos Executive Vice President and Chief Financial Officer Peter Wasow said the refinancing of these…
Santos notes speculation in today’s media regarding the GLNG project. GLNG remains in detailed ongoing discussions with a number of parties in relation to potential LNG sales, equity in the project and collaboration between projects. These discussions are incomplete and there is no certainty that definitive agreements will be executed by the parties. The company…
Address by David Knox to the Australian Institute of Energy
Please find attached the Presentation by David Knox at the UBS Resources and Energy Conference held in Sydney today.
Approval for 2,650 wells, a 435-km pipeline and 3 trains on Curtis Island GLNG® today became Australia’s first major coal seam gas to LNG project to receive its environmental approval from the Queensland government. The GLNG project is a joint venture between Australia’s largest domestic gas producer, Santos, and Malaysia’s national oil and gas company,…
Gas: Australia’s AAA Advantage – Presentation at APPEA by David Knox
Santos today announced the appointment of Fluor Australia Pty Ltd as the preferred contractor to carry out Engineering, Procurement and Construction (EPC) of the upstream facilities component of the GLNG project. Santos anticipates awarding an EPC contract subject to a final investment decision. In the interim, Santos will extend Fluor’s engineering design contract to include…
Santos will provide $3 million over five years to help Common Ground establish affordable housing and related services for more than a hundred homeless and low-income Australians. Under this new alliance, Santos becomes Common Ground’s first Community Partner and its largest corporate donor in Australia. The funding will go towards establishing an affordable accommodation and…
Santos today held its AGM at the Adelaide Festival Centre.
March quarter production impacted by flooding in Central Australia Over the March quarter, the major floods in Central Australia and Queensland impacted Santos’ Cooper Basin activities. Compounding the floods were local rains of up to 600 mm over the Cooper operational areas. As a result, March quarter production of 12.4 mmboe was 6% lower than…
Santos today announced that it has signed a Gas Sale and Purchase Agreement with Wesfarmers Energy (Gas Sales) Limited for the supply of up to 60 petajoules of gas over more than five years. The gas will be sourced from the John Brookes gas field offshore Western Australia and processed at the Varanus Island gas…
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