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…
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 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…
Santos is pleased to announce the referral of the Narrabri Gas Project (NGP) by the NSW Minister for Planning to the Independent Planning Commission (IPC) for determination. This is a key milestone in the independent approvals process. The next step is for the NSW Department of Planning to complete its assessment report and provide the…
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.
Santos is pleased to announce it has entered a non-binding agreement with BP that could lead to BP investing A$20 million in support of Santos’ Moomba carbon capture and storage (CCS) project in South Australia. This non-binding agreement is subject to finalisation of terms and a final investment decision targeted for the end of 2020.…
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,…
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