Santos has been advised by ExxonMobil, the PNG LNG operator, that production of liquefied natural gas (LNG) has safely resumed following a temporary shutdown of operations after the severe earthquake in the region on 26 February. LNG exports are expected to resume soon. Santos Managing Director and Chief Executive Officer Kevin Gallagher said, “The safe…
Santos advises that on 29 March 2018 it received an unsolicited, non-binding, indicative and conditional proposal (“Harbour Proposal”) from a special purpose entity of Harbour Energy Ltd (“Harbour”) for it to acquire 100 per cent of Santos shares by way of a scheme of arrangement. The indicative offer price is US$4.98 per share, which in…
Santos has today released its Notice of Annual General Meeting 2018.
The Santos AGM will be held at the Adelaide Convention Centre on Thursday, 3 May 2018 commencing at 10:00am ACST.
Santos has been advised by the PNG LNG operator that following the earthquakes in the Southern Highlands and Hela Provinces during the week of 26 February 2018, preliminary assessments of damage to PNG LNG facilities indicate it may take approximately eight weeks to complete repairs and restore production. Santos has a 13.5% interest in PNG…
Santos will donate US$200,000 to aid agencies in PNG to help get urgently-needed food, water and medical supplies to more than 30,000 people isolated in small villages in the PNG Southern Highlands and Hela Provinces following last Monday’s earthquake. Santos Managing Director and Chief Executive Officer Mr Kevin Gallagher said, “Santos is deeply saddened by…
Santos today advises that gas production at the PNG LNG Hides plant and the Kutubu gas facilities has been safely shut down as a precautionary measure following a major earthquake and a series of aftershocks in the Papua New Guinea highlands. The company has been advised by PNG LNG operator ExxonMobil PNG that no staff…
New strategy delivers 433% increase in underlying profit to US$336 million Santos Managing Director and Chief Executive Officer Kevin Gallagher said the company’s full-year results demonstrated a significant turnaround in business performance ahead of plan. “We have removed substantial costs, reported a material increase in underlying profit, generated significant free cash flow and reduced net…
Santos has today released its inaugural Climate Change Report, consistent with the G20 Taskforce on Climate-Related Financial Disclosure guidelines. See link below.
Santos has today released its 2017 Shareholder Review. See link below.
Santos has today released its 2017 Annual Report. See below link.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “In 2017, our turnaround strategy to deliver a low-cost, reliable and high performance business progressed ahead of expectations. Santos is now a stronger, more resilient company with the capacity to execute and bring on-line growth opportunities across its core long-life natural gas assets. “In 2017,…
Santostoday announced it will acquire a 20 per cent equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited. The license is located within the Aure Fold Belt, southeast of the Elk/Antelope fields in an area with active natural seeps and represents Santos’ first entry into this…
Accident and emergency health services at the Hela Provincial Hospital have been boosted with US$1M funding from Santos Limited and US$700,000 from Oil Search Foundation provided to the Hela Provincial Health Authority (PHA). A ground breaking ceremony was held in Tari to mark the construction of a high priority Accident and Emergency (A&E) Department for…
In response to media speculation today, Santos confirms that it is not currently engaged in discussions with, and has not received a current proposal from, Harbour Energy regarding a change of control transaction for Santos. On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the…
Santos today outlined how its new strategy had transformed the company into a business that generates significant free cash flow in the current oil price environment. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the excellent progress on the Transform-Build-Grow strategy presented to the market…
Santos today announced that Keith Spence will succeed Peter Coates AO as Chairman in February 2018, at which point Mr Coates will retire from the Board. Mr Coates announced his intention to step down from the Board pending the recruitment of his successor at the Company’s AGM in May this year. Mr Spence will join…
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “The company’s third quarter results continue to highlight the value of our disciplined operating model in delivering a low-cost, reliable and high performance business that can generate significant free cash flow in the current oil price environment.” “Compared to the end of 2016, our net…
Santos today announced non-executive director Roy Franklin OBE will retire from the Board effective 30 September 2017.
Mr Franklin has recently been appointed Chairman of Premier Oil plc in the United Kingdom.
Santos Chairman Peter Coates AO thanked Mr Franklin for his 11 years of dedicated service to the Santos Board and shareholders.
Santos has released the 2017 First Half Shareholder Update.
To view this document please click on the link below.
Santos today announced that it has priced a US$800 million senior unsecured fixed rate bond transaction in the US Dollar Regulation S market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited, off the Company’s Euro Medium Term Note Programme (EMTN Programme), dated 30 August 2017. The bonds…
Santos today announced that, together with Origin, it had signed a new agreement continuing its support for the manufacturing industry through the supply of ethane gas to Qenos, Australia’s sole producer of polyethylene and a leading supplier of world class polymers. Under the agreement, Santos and Origin will supply an estimated 27 petajoules to Qenos…
Santos today announced it had signed a location swap agreement facilitating the delivery of at least 18 PJ of gas per annum into the southern domestic market. Under the three year agreement (with an option to extend for a further year), which takes effect in January 2018, Santos will take delivery of gas at Wallumbilla.…
Santos today announced non-executive director Greg Martin has retired from the Board for personal reasons. Mr Martin said he had decided now is an appropriate time to re-assess his board responsibilities, which included the Santos Board and his executive responsibilities at Prostar Capital. “It has been a great privilege to serve on the Board of…
Underlying profit increased to US$156 million. Net loss of US$506 million, including previously announced US$689 million after-tax net impairment Strong delivery of the Santos turnaround. Costs reduced, sales volume guidance upgraded, stronger cash flows, free cash flow breakeven reduced to US$33 per barrel and net debt reduced to US$2.9 billion Managing Director and Chief Executive…
View the 2017 Half Year Report incorporating Appendix 4D from the link below.
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