Santos
Updated
Mergers & acquisitions
Santos shares jump on report Middle Eastern giants are weighing up takeover bids
Saudi Aramco and Abu Dhabi National Oil have reportedly been separately studying potential bids for Australia’s $25 billion energy giant Santos.
- by Nick Toscano
Latest
No prosecution after two workers nearly killed at Santos facility off WA
WA’s safety regulator has let companies off the hook, says the union for offshore oil and gas workers.
- by Peter Milne
Exclusive
Gas
Major financial institutions cut ties with Santos’ Barossa gas project
An international bank and a foreign investor are ending advice and loans, prompting calls for local banks to follow suit.
- by Sumeyya Ilanbey
Japan locks in 10 years of Santos gas amid energy security push
Santos has struck a 10-year deal to sell LNG to Japan, underscoring what the industry argues is the country’s long-term appetite for gas even as it decarbonises.
- by Nick Toscano
Paying clean hydrogen’s way in WA will be harder than the hype
A cautionary tale for Australian companies rushing into the clean fuel business: from optimism a few years ago, Yara now finds green hydrogen is a long way away.
- by Peter Milne
Even before Eraring was extended, NSW was set to miss climate targets
The state is forecast to fall short of legislated targets to reduce greenhouse emissions by 50 per cent by 2030 and 70 per cent by 2035. What can be done to get back on track?
- by Caitlin Fitzsimmons
Gas giants dodge tougher tax hike in Labor-Greens deal
Oil and gas producers have expressed relief after the government cut a deal with the Greens to pass a relatively modest tax hike for offshore projects.
- by Nick Toscano and Mike Foley
Santos slashes Perth office: 200 positions to go
Oil and gas producer Santos will cut positions at its Perth office by more than a third, from 550 to 350, due to old assets nearing the end of production and delays to new projects.
- by Peter Milne
LNG giants escape export clampdown this winter as supplies lift
East coast gas producers will avoid facing unprecedented orders to break export contracts and redirect supplies to Australian buyers this winter.
- by Nick Toscano
Review ordered into green legal group over bid to halt Santos’ gas project
Australia’s largest environmental legal centre faces an external review after a judge determined it had coached Indigenous witnesses and confected evidence.
- by Nick Toscano
Updated
Earnings season
Santos’ Barossa gas on track, pumps $1.3b back to investors
The resources giant hiked its dividend despite a decline in revenue and production.
- by Simon Johanson and Peter Milne