Santos and joint venture partner Beach Energy today announced a final investment decision to proceed with the US$165 million (A$220 million) Moomba carbon capture and storage (CCS) project in South Australia, with startup expected in 2024. Santos has successfully registered the Moomba CCS project with the Clean Energy Regulator. The Clean Energy Regulator’s CCS method…
Santos refers to the Merger Implementation Deed (MID) with Oil Search, released to the ASX on 10 September 2021, under which the two companies will combine via an Oil Search Scheme of Arrangement. The indicative timetable in the MID said that the First Court Date would be on or around 27 October 2021. The First…
Santos Managing Director & CEO, Kevin Gallagher addressed SEAAOC in Darwin today.
Santos welcomes the Federal Government’s release of the carbon capture and storage (CCS) method for the Emissions Reduction Fund and will today commence the process to apply to register our Moomba CCS Project with the Clean Energy Regulator and generate Australian Carbon Credit Units (ACCUs). Santos’ A$210 million Moomba CCS Project will be one of…
Bayu-Undan Joint Venture and Timor-Leste’s ANPM sign MOU on Bayu-Undan Carbon Capture and Storage Santos, as operator of the Bayu-Undan Joint Venture, today announced it had signed a Memorandum of Understanding (MOU) with the Timor-Leste regulator Autoridade Nacional do Petróleo e Minerais (ANPM) to progress Carbon Capture and Storage (CCS) at Bayu-Undan in the Timor…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
Santos refers to its announcement of 2 August regarding Santos and Oil Search entering into confidentiality agreements and a period of exclusive mutual due diligence regarding the proposed merger of the two companies via a scheme of arrangement under which Santos would acquire all of the shares in Oil Search for a consideration of 0.6275…
Santos today announced award of the FEED contract for the design, construction and installation of the Wellhead Platform (WHP) for the Dorado project, in the Bedout Sub-basin, offshore Western Australia, to Sapura Energy. The WHP will be an unmanned installation, located in 90 metres water over the Dorado oil and gas field, hosting the development…
Santos today announced award of the FEED contract for the Floating Production, Storage and Offloading (FPSO) facility for the Dorado project, in the Bedout Sub-basin, offshore Western Australia, to Altera Infrastructure (Altera). The FPSO contract is the project’s largest, comprising engineering, procurement, construction, installation, commissioning and testing of the facility. Dorado is an integrated oil…
NSW businesses and manufacturers face a significant competitive disadvantage because their gas has to be imported from other states. According to Business NSW, a baker in Sydney pays $26,400 more for gas every year than the same business in Brisbane and a galvanising plant pays a massive $66,000 more for gas every year. The NSW…
Santos has released its 2020 Modern Slavery Statement.
Santos today announced the launch of Front-End Engineering and Design (FEED) for the Dorado project in the Bedout Sub-basin, offshore Western Australia. Dorado is an integrated oil and gas project which is planned to be developed in two phases. Phase 1 development involves the production of oil and condensate through a well head platform (WHP)…
Santos Managing Director & CEO and APPEA Chairman, Kevin Gallagher addressed the 2021 APPEA Conference in Perth today.
Santos Chairman Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher addresses to the 2021 Santos Annual General Meeting held today.
Santos, as operator of the Barossa joint venture, today announced award of the project’s major contract for the construction, connection and operation of the Floating Production, Storage and Offloading vessel (FPSO). The FPSO services contract awarded to international vessel builder and operator BW Offshore (BWO) is subject to a final investment decision (FID) on Barossa…
Notice is hereby given that the 2021 Annual General Meeting of members of Santos Limited will be held on Thursday, 15 April 2021 at 10.00am (Adelaide time).
Santos has been advised by ENN Group (ENN) that it has sold approximately 107.1 million shares representing a 5.14 per cent interest in Santos at $7.33 per share. The sale process was oversubscribed and received strong support from existing and new institutional shareholders. ENN has advised Santos that it remains fully supportive of Santos’ strategy…
2020 Full-year results video
Santos reports record annual production and sales volumes, and strong free cash flow and underlying earnings despite impact of COVID-19 and lower commodity prices Full-year (US$m)20202019Change Product sales revenue3,3874,033-16% EBITDAX [1]1,8982,457-23% Underlying profit [1]287719-60% Net (loss)/profit after tax(357)674-153% Free cash flow [1]7401,138-35% Final dividend (UScps)5.05.0- Santos today announced its full-year results for 2020, reporting record…
Santos today released its 2021 Climate Change Report.
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition a resolution for consideration at the Annual General Meeting on 15 April 2021. The proposed resolution has been requisitioned by shareholders representing less than 0.01 per cent of the shares on issue in Santos Limited. The resolution…
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition resolutions for consideration at the Annual General Meeting on 15 April 2021. The proposed resolutions have been requisitioned by shareholders representing less than 0.01 per cent of the shares on issue in Santos Limited. The resolutions propose:…
Santos has today announced ambitious new emissions reduction targets that include: 2030: Reduce Scope 1 and 2 absolute emissions by 26-30 per cent on 2020 baseline 2030: Actively work with customers to reduce their Scope 1 and 2 emissions by >1mtCO2e per year by 2030 2040: Scope 1 and 2 absolute emissions net-zero. Santos Managing…
Santos welcomes Federal Environment Minister Sussan Ley’s approval of the Narrabri Gas Project and will now embark on a 12-18 month appraisal program ahead of a Final Investment Decision (FID) for the next phase of project development. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the conditions on the approval were consistent with…
In an Australian first, Santos has signed a Memorandum of Understanding (MOU) with Natural Soda to use salt removed from produced water as part of the Narrabri Gas Project. The two companies have been working together for more than 12 months on a commercially-viable model that could create a new sodium bicarbonate industry for Narrabri…
Santos today announced it had signed a Letter of Intent (LOI) to sell a 12.5% interest in Barossa to JERA. JERA already has a 6.1% interest in Darwin LNG. Santos’ signing of the LOI with JERA advances partner alignment between the Darwin LNG and Barossa joint ventures for the development of Barossa as backfill for…
In addition to the Pandemic Taskforce the CEO established a number of weeks ago, a Crisis Management Team has now also been stood up in response to COVID-19. The Crisis Management Team is meeting daily and is being personally led by the CEO. Santos has implemented strict temperature checks at all sites and airports for…
Santos notes the announcement from S&P Global Ratings (S&P) reaffirming Santos’ BBB- credit rating with stable outlook. S&P noted Santos has a solid buffer to withstand current oil prices due to the strong balance sheet built up over the past two to three years. S&P also noted Santos has the financial capability to undertake the…
Santos today announced that due to continuing developments in relation to COVID-19, all resolutions at the Santos Limited Annual General Meeting (AGM) will be decided based on proxy votes. In light of the Australian Government’s ban on public gatherings of 100 or more people, Santos is not able to allow shareholders to physically attend the…
90 / 119
Load more