2021 Santos Annual General Meeting Addresses
Santos Chairman Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher addresses to the 2021 Santos Annual General Meeting held today.
Santos announces FID on the Barossa gas project for Darwin LNG
Santos, as operator of the Barossa joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory. Barossa FID also kick-starts the US$600 million investment in the Darwin LNG life extension and pipeline tie-in projects, which will extend the…
Santos awards Barossa FPSO contract
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…
Santos adopts shareholder advisory vote on Climate Change Report
Following consultation with shareholders, Santos today announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is a corporate leader in climate action, setting an ambitious and credible roadmap to net-zero…
ENN share sale and resignation of director
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 $7.33 per share. The sale process was oversubscribed and received strong support from existing and new institutional shareholders. ENN has advised Santos that it remains fully supportive of Santos’ strategy…
2020 Full-year results video
2020 Full-year results video
2020 Full-year results
Santos reports record annual production and sales volumes, and strong free cash flow and underlying earnings despite impact of COVID-19 and lower commodity prices Full-year (US$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…
Climate Change Report 2021
Santos today released its 2021 Climate Change Report.
Resolution under section 249N of the Corporations Act
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…
Bayu-Undan infill development FID
Santos, as operator of the Bayu-Undan Joint Venture, today announced a Final Investment Decision for the US$235 million Phase 3C infill drilling program at the Bayu-Undan field in the Timor Sea, offshore Timor-Leste. The program comprises three production wells (two platform and one subsea) and will develop additional natural gas and liquids reserves, extending field…
Santos and Mitsubishi sign SPA for Barossa LNG supply
Santos today announced it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation (Mitsubishi), for the supply of LNG from the Barossa project. The long-term SPA is a contractual commitment for the supply and purchase of 1.5 million tonnes per…
Santos to be net-zero emissions by 2040
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…
2020 Third Quarter Activities Report
Record quarterly production and sales volumes Third quarter production of 25.1 mmboe was a record for Santos and 22% higher than the prior quarter Production was higher in all five core assets, primarily driven by higher domestic gas and LNG volumes Quarterly sales revenue of US$797 million was 2% higher than the prior quarter, demonstrating…
2020 Santos Half-year Results
Santos reports 2020 half-year results Santos today reported first half free cash flow of US$431 million and underlying profit of US$212 million. The results reflect significantly lower oil prices compared to the previous first-half due to the impact of COVID-19 on global oil demand. The reported net loss after tax of US$289 million includes the…
2020 Second Quarter Activities Report
Record quarterly and half-year production Second quarter production of 20.6 mmboe was a record for Santos and 15% higher than the prior quarter The strong production result was driven by higher domestic gas production in Western Australia, continued strong onshore production and a higher equity interest in Bayu-Undan following completion of the ConocoPhillips acquisition Quarterly…
Santos completes ConocoPhillips northern Australia acquisition
Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa. Due to recent market volatility and the deferral of Barossa FID, Santos…
Santos welcomes Technology Investment Roadmap discussion paper
The release of the Technology Investment Roadmap discussion paper recognises the crucial role that natural gas and carbon capture and storage (CCS) will play in creating jobs as Australia rebounds from COVID-19 and strives for a lower carbon economy. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the discussion paper builds on the…
Santos welcomes King review and Government response
Santos welcomes the release of the King review and the Morrison Government’s response as a key enabler for the development of an Australian carbon capture and storage (CCS) industry. CCS projects globally store around 40 million tonnes per year of carbon dioxide, far short of the more than two billion tonnes the International Energy…
2020 First Quarter Activities Report
Strong free cash flow and liquidity Strong operational performance delivered US$265 million of free cash flow in the first quarter Targeting 2020 free cash flow breakeven oil price of US$25 per barrel Liquidity of over US$3 billion at the end of the quarter, comprising US$1.15 billion in cash after payment of the 2019 final…
Santos signs LOI to sell a 12.5% interest in Barossa to JERA
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…
Santos Limited Annual General Meeting
Further to the Annual General Meeting (AGM) update on 23 March 2020, Santos today confirmed that as a result of the closure of the Adelaide Oval, the AGM will be held and webcast live to shareholders from Santos’ offices at 100 St Georges Terrace, Perth WA 6000 at 10.00am Adelaide time on Friday 3 April…
S&P reaffirms Santos’ investment grade credit rating
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 Limited Annual General Meeting – COVID-19 Precautions including Voting by Proxy
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…
Santos COVID-19 response and business update
Santos today provided an update on the measures it is taking in response to COVID-19 and the current lower oil price environment. COVID-19 response Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is committed to supporting government and community efforts to limit the spread of the virus, and supporting business continuity. “We…
Santos agrees to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S
Santos today announced it had agreed to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for US$390 million with effect from 1 October 2019 with customary adjustments on completion.[1] Santos also receives the benefit of approximately US$120 million of cash flow relating to the interests from 1 January 2019 to 1…
Notice of Annual General Meeting
Notice is hereby given that the 2020 Annual General Meeting of members of Santos Limited will be held in the William Magarey Room at Adelaide Oval, War Memorial Drive, North Adelaide on Friday, 3 April 2020 at 10.00am.
Last major facilities contracts awarded for Barossa
Santos today announced the award of contracts for the supply and installation of subsea infrastructure for the Barossa project, the last major facilities commitments ahead of a Final Investment Decision (FID). The contract for the transport and installation of all the subsea umbilicals, risers, and flowlines, as well as the supply of the in-field flowlines,…
Santos 2019 Full-year Results
SANTOS REPORTS RECORD ANNUAL FREE CASH FLOW OF $1.1 BILLION, 7% INCREASE IN NET PROFIT AND 13% INCREASE IN FULL-YEAR DIVIDENDS
Santos today announced its full-year results for 2019, reporting both record EBITDAX and free cash flow. The Board has resolved to pay a final dividend of US5.0 cents per share fully-franked, bringing full-year dividends to US11.0 cents…
2020 Climate Change Report
Santos today released its 2020 Climate Change Report. See link below.
2019 Shareholder Review
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