Santos refers to media commentary regarding a potential merger of Woodside Energy Group (Woodside) and Santos. Santos confirms it has engaged in preliminary discussions with Woodside regarding a potential merger. Santos continuously reviews opportunities to create and deliver value for shareholders. Concurrently, Santos is assessing a range of alternative structural options with a view to…
Santos and its Cooper Basin joint venture partners will invest up to A$12 million over five years in partnership with Traditional Owners on a ranger program that will help them better care for their Country, create employment pathways and protect the environment. A part of the new deal, the Cooper Basin joint ventures (JV) will…
The Santos-operated Darwin LNG joint venture and KAEFER Integrated Services will establish a new pathway to skilled, well-paying, secure jobs for Aboriginal Territorians through a multimillion-dollar training and employment program commencing in early 2024 in Darwin. The Darwin LNG joint venture will provide $3 million to fund KAEFER’s delivery of this new Aboriginal jobs program…
Santos continues to build momentum to deliver new energy solutions by partnering with Japan’s largest gas utility company, Tokyo Gas, to investigate the potential for producing carbon-neutral e-methane in Australia. E-methane is made by combining green hydrogen and CO2 obtained from carbon capture of industrial emissions or Direct Air Capture (DAC) technology. The advantage of…
Santos notes the decision of the Federal Court of Australia today ruling pipelay activities can commence on an 86km section of pipeline for the Barossa Gas Export Pipeline (GEP). As per the ruling, no activity will occur south of kilometre point 86 (KP86), as outlined on the map below. The Court has set 4 December…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher, addressed a WA Energy Club luncheon in Perth, Western Australia, on Wednesday 15 November 2023.
Santos has furthered strengthened its position as a carbon capture and storage (CCS) leader, by formalising a Memoranda of Understanding (MOU) to collaborate on carbon solutions with Korean energy company, SK E&S. The MOU provides for Santos and SK E&S to cooperate in seeking to develop a low-carbon hub at Darwin in Northern Territory after…
Santos and joint venture partner Beach Energy have secured significant additional carbon storage acreage after being awarded a Gas Storage Retention Licence west southwest of Moomba. The Licence was awarded under the South Australian Petroleum and Geothermal Energy Act by the SA Department for Energy and Mining. Under the Licence, the joint venture is authorised…
Santos notes that the Federal Court proceedings commenced by the Australian Energy Regulator today relate solely to historical record keeping practices between 1 March 2019 and 8 June 2021. Importantly, the alleged record-keeping issues had no impact on supply or price in the east coast domestic gas market. Santos always acted and will continue to…
Robust sales revenue, production and free cash flow Sales revenue of more than US$1.4 billion in the third quarter. Third quarter production of 23.3 mmboe was slightly higher than the prior quarter primarily due to increased crude oil production in PNG. Bayu-Undan continuing to produce with at least one more LNG cargo expected, followed by…
The Santos Board of Directors has approved a flexible working arrangement for Santos Managing Director and CEO, Kevin Gallagher, to enable him to support a family member’s medical treatment through to the end of the year. Mr Gallagher will continue in the role of Managing Director and CEO, leading the Santos executive leadership team in…
Consistent with its Alaska strategy to focus on the Pikka development, Santos today announced it will farm-down half of its working interest in 148 exploration leases (more than 270 thousand acres of State of Alaska lands) on the Alaska North Slope in an agreement with APA Alaska LLC1 and Lagniappe Alaska LLC2. The leases are…
Santos Managing Director and CEO, Kevin Gallagher, delivered a keynote speech at the South East Asia Australia Offshore & Onshore Conference today, in Darwin NT.
Santos is pleased to announce it has executed a binding sale agreement to deliver Kumul Petroleum Holdings Limited (Kumul) a 2.6 per cent participating interest in PNG LNG for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt (the Sale Agreement). Completion of the…
Santos’ Executive Vice President – Eastern Australia and Papua New Guinea, Brett Darley, spoke at the 2023 Business Advantage Papua New Guinea Investment Conference today.
Santos and its Bayu-Undan joint venture partners have signed a Memorandum of Understanding (MOU) with Timor-Leste’s national oil company TIMOR GAP to explore partnership opportunities for the proposed Bayu-Undan carbon capture and storage (CCS) project offshore Timor-Leste. The MOU follows four non-binding MOUs for CO2 supply to Bayu-Undan CCS that indicate demand for CO2 storage…
Santos today released its 2023 Sustainability Report.
Record sales revenue and free cash flow Delivered record year-to-date sales revenue of US$5.9 billion, up 86 per cent, and record free cash flow of US$2.7 billion, up 194 per cent on the corresponding period Third quarter production of 26.1 mmboe was slightly higher than the second quarter primarily due to increased domestic gas demand…
Santos and the Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding (MOU) to promote the securing of stable energy and the progression of decarbonisation goals. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the MOU built on the long history of collaboration between JBIC and Santos. “Santos and JBIC…
Santos welcomes the finalisation of the Heads of Agreement released by the Australian Government today. The Agreement has no adverse impact on Santos or the GLNG project. The Agreement between the Australian Government and the east coast LNG exporters ensures that the LNG exporters’ uncontracted gas will first be offered to the domestic market before…
Santos President Midstream and Clean Fuels, Brett Woods, gave the keynote address at the South Australia Business Index event today, highlighting Santos’ commitment to South Australia.
Santos notes today’s decision by Justice Bromberg of the Federal Court to set aside the acceptance by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of an environmental plan covering the drilling and completion activities in relation to the Barossa Gas Project. The relevant drilling activities were to occur at a site in…
Santos notes media speculation today regarding a potential selldown by ENN of a 9.97 per cent stake in Santos.
ENN lodged a notice of ceasing to be a substantial shareholder in Santos with ASX on 22 April 2022, disclosing that their shareholding had dropped below 5 per cent. A copy of the notice is attached to this release.
Santos has been awarded permits to undertake evaluation and appraisal work for the potential storage of carbon dioxide in the offshore Carnarvon and Bonaparte basins, off the coast of Western Australia, the company announced today. Permits G-9-AP and G-11-AP will enable Santos to pursue potential carbon capture and storage (CCS) opportunities with its joint venture…
Santos today announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion. The facilities comprise a US$250 million fully-revolving loan maturing in August 2025 and a US$1 billion fully-revolving loan maturing in February 2028. The loans bear a floating interest rate over the Secured Overnight Funding Rate…
Santos, as operator of the Barossa joint venture, today announced a final investment decision (FID) has been taken to proceed with the Darwin Pipeline Duplication Project, located offshore the Northern Territory. The decision will extend the Barossa Gas Export Pipeline to the Santos-operated Darwin LNG (DLNG) facility and allow for the repurposing of the existing…
Santos President Midstream and Clean Fuels, Brett Woods, addressed the South East Asia Australia Offshore & Onshore Conference (SEAAOC), today, highlighting Santos’ commitment to Northern Australia.
Santos announces Pikka FID and net-zero project plans Highlights Expected production 80,000 barrels a day gross with first oil anticipated in 2026 2P reserves 397 million barrels gross pre-royalties Capex US$1.3 billion Santos-share ~19% IRR at US$60 long-term oil price Santos committed to a net-zero project (scope 1 and 2, equity share) Strong support from…
Santos reports record first half free cash flow and underlying earnings, and higher shareholder returns Highlights Underlying profit[1] US$1,267 million, up 300% Statutory net profit after tax US$1,167 million, up 230% EBITDAX[1] $2,731 million, up 122% Free cash flow[1] US$1,708 million, up 199% Annual merger integration synergies target increased to US$110-125 million US$605 million in…
Santos has acquired Hunter Gas Pipeline Pty Ltd which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in New South Wales. The underground pipeline route passes close to Santos’ Narrabri Gas Project and our goal is to work with infrastructure developers and owners to construct the pipeline and deliver much-needed…
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