2023 Macquarie Australia Conference
Managing Director & CEO Kevin Gallagher’s presentation at the 2023 Macquarie Australia Conference held today.
PNG LNG sell-down exclusivity period with Kumul extended
Santos refers to its announcement of 27 September 2022 regarding the binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a five per cent interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of PNG LNG project finance debt of approximately US$0.3 billion (the Offer). On 23 December…
2023 First Quarter Report
Strong sales revenue and free cash flow Sales revenue of US$1.6 billion in the first quarter First quarter production of 22.2 mmboe was lower than the prior quarter primarily due to reduced domestic gas volumes in Western Australia supported by extended production from the Bayu-Undan field Free cash flow of around US$720 million in the…
2023 Annual General Meeting
Santos Chair Mr Keith Spence and Managing Director & Chief Executive Officer Mr Kevin Gallagher have addressed the 2023 Santos Annual General Meeting held today.
Santos awards more than $10 million to Indigenous suppliers
Santos has committed millions of dollars to support Indigenous participation by partnering with Indigenous owned companies Black Cat Civil and Origin Construction Group. The two companies, which are Supply Nation verified, will be contracted for three years for road maintenance and civil services throughout Santos’ Queensland GLNG field operations. Santos Managing Director and CEO Kevin…
Papua LNG integrated FEED entry
Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028.…
Climate Change Report 2023
Santos has today released its Climate Change Report 2023.
2022 Full-year Results Video
2022 Full-year Results video
2022 Full-year Results
Santos reports record underlying earnings and higher shareholder returns Highlights Underlying profit[1] US$2,461 million, up 160% Reported net profit after tax US$2,112 million, up 221% EBITDAX[1] US$5,646 million, up 101% Free cash flow[1] US$3,641 million, up 142% Balance sheet strengthened with gearing reduced to 18.9 per cent Annual merger integration synergies US$122 million US$1,455 million…
Tax Contribution Disclosure 2021
2022 First Quarter Report
Record quarterly production, sales revenue and free cash flow Santos achieved record production of 26 million barrels of oil equivalent (mmboe) in the first quarter Stronger commodity prices combined with higher sales volumes delivered record quarterly sales revenue of US$1.9 billion, up 25 per cent compared to the prior quarter and 99 per cent higher…
Notice of Annual General Meeting
Notice is hereby given that the 2022 Annual General Meeting of members of Santos Limited (Santos or the Company) will be held as a hybrid meeting on Tuesday, 3 May 2022 at 10.00 AM (Adelaide time).
Release of 2022 Climate Change Report
Santos has today released its 2022 Climate Change Report which sets out our climate transition strategy and action plan to become a net-zero emissions[1] energy and fuels business by 2040. The Climate Change Report features the following milestones for Santos’ journey to becoming Net Zero: New 2030 targets of a 30 per cent reduction in…
Resolutions 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 resolutions for consideration at the 2022 Annual General Meeting. 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: An amendment to…
Resolutions 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 resolutions for consideration at the 2022 Annual General Meeting. The proposed resolutions have been requisitioned by shareholders representing less than 0.06 per cent of the shares on issue in Santos Limited. The resolutions propose: An amendment to…
2021 Reserves Statement
Santos announces booking of CO2 storage capacity Santos today announced a booking of 100 million tonnes of CO2 storage resource in the Cooper Basin in South Australia. This represents a subset of the total prospective storage resource in the Cooper Basin and follows the final investment decision on the 1.7 million tonne per annum Moomba…
Tax Contribution Disclosure 2020
Merger of Santos and Oil Search implemented
Santos Limited (Santos) is pleased to announce that the merger of Santos and Oil Search Limited (Oil Search) effected by way of scheme of arrangement (Scheme) has been implemented today. Accordingly, Santos has acquired 100 per cent of the issued capital in Oil Search from Oil Search shareholders. In accordance with the terms of the…
Santos and Oil Search merger becomes effective
The merger of Santos and Oil Search is now effective following approval of Oil Search’s Scheme of Arrangement by the National Court of PNG Oil Search shareholders to receive 0.6275 new Santos shares for each Oil Search share held The merger creates a regional champion of size and scale, with a market capitalisation of approximately…
Santos agrees sale of 12.5% interest in Barossa project to JERA
Santos today announced it had signed a binding Sale and Purchase Agreement (SPA) to sell a 12.5 per cent interest in the Barossa project to an Australian subsidiary of JERA Co., Inc. (JERA). The effective date of the sale of the Barossa interest is 31 March 2020 and completion is expected in the first half…
Oil Search and Santos merger update: Court approves distribution of Scheme Booklet and convening of Scheme Meeting
The Independent Expert has concluded that the Merger is in the best interests of Oil Search shareholders in the absence of a Superior Proposal The Oil Search Board continues to unanimously recommend that Oil Search shareholders vote in favour of the Scheme at the Scheme Meeting in the absence of a superior proposal Oil Search…
JobKeeper payments disclosure
Santos today lodged its JobKeeper payments disclosure as required by section 323DB of the Corporations Act 2001. The Treasury Laws Amendment (2021 Measures No. 2) Act 2021 amended the Corporations Act to impose an obligation on listed entities to give a notice to ASX disclosing specific information about JobKeeper payments they received. As already disclosed…
Santos partners with CSIRO on development of new technology to negate carbon emissions
Santos is partnering with Australia’s national science agency, CSIRO, to develop what is hoped could become the lowest cost direct air capture technology in the world. The collaboration will continue to develop CSIRO Carbon Assist™ technology which removes CO2 directly from the atmosphere and higher-concentration post-combustion scenarios. The CO2 can then be safely and permanently…
Qenos and Santos announce feasibility study for the supply of hydrogen to reduce emissions in New South Wales
Australian-based manufacturer and supplier of plastics, Qenos, partnering with Santos have today announced an agreement to conduct a feasibility study into the use of hydrogen to dramatically reduce carbon emissions at Qenos’ Port Botany operations. The study will explore opportunities for Santos to provide clean energy solutions to Australia’s sole manufacturer of polyethylene and leading…
Santos announces FID on Moomba carbon capture and storage project
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…
Merger timetable update
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…
CEO speech to SEAAOC
Santos Managing Director & CEO, Kevin Gallagher addressed SEAAOC in Darwin today.
Santos welcomes CCS method for Emissions Reduction Fund, clearing way for Moomba CCS Project to apply for registration
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…
MOU signed on Bayu-Undan Carbon Capture and Storage
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…
CEO speech to Energy Club WA
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
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