Santos

Australia’s Santos Reports Record Sales, Volumes on Merger, High Natural Gas Prices

Australia’s Santos Reports Record Sales, Volumes on Merger, High Natural Gas Prices

Australia’s Santos Ltd. reported record revenue and production for 1Q2022 from a combination of soaring commodity prices and the end of a merger, despite some offsets from maturing fields. The producer posted its first full quarter of earnings since wrapping up a merger with Oil Search Ltd. in December. Management said the volumes and sales…

April 25, 2022
Woodside, Santos Set Sales Records on Strong Year-End LNG Prices

Woodside, Santos Set Sales Records on Strong Year-End LNG Prices

Stronger commodity prices and sizable mergers helped two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., end 2021 with ballooning sales revenues. Both Australian companies built on the momentum of a stronger than expected 2020 by capitalizing on the market fluctuations of 2021, cashing in big at the end…

January 28, 2022
Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Jera Moves to Secure Additional LNG Supplies by Taking Stake in Barossa Project

Japan’s largest power producer, Jera Co. Inc., said it would take a 12.5% interest in the Barossa natural gas project offshore Australia’s Northern Territory as it continues to secure additional liquefied natural gas (LNG) supplies. Santos Ltd. sanctioned the $3.6 billion project earlier this year to develop the Barossa field to supply the Darwin LNG…

December 8, 2021
Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

Australia’s Santos to Gain Footholds in PNG LNG, Alaska with Oil Search Acquisition

Australian independent Santos Ltd. is set to bolster its global portfolio through a takeover of Papua New Guinea-based Oil Search Ltd. The deal announced Monday would give Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost projects in the world. Oil Search is a partner in…

August 2, 2021
Oil Search Rejects Santos’ Bid to Create $16B ‘Unrivaled Champion of Size and Scale’

Oil Search Rejects Santos’ Bid to Create $16B ‘Unrivaled Champion of Size and Scale’

Oil Search Ltd., which has operations in Alaska and Papua New Guinea, has rejected a takeover bid by Australian independent Santos Ltd. that valued the combined entity at A$22 billion ($16.11 billion). The deal would have given Santos a foothold in the Papua New Guinea liquefied natural gas (LNG) scene, considered some of the lowest-cost…

July 20, 2021
LNG Suppliers Woodside, Santos See Revenue Lift on Higher Commodity Prices

LNG Suppliers Woodside, Santos See Revenue Lift on Higher Commodity Prices

Two of Asia’s biggest liquefied natural gas (LNG) suppliers, Woodside Petroleum Ltd. and Santos Ltd., posted higher first quarter revenues despite loading fewer volumes over the previous three-month period as commodity prices strengthened. Woodside last month said LNG sales in 1Q2021 amounted to 17.6 million boe/d, down from 19.4 million boe/d in 4Q2020 and 17.8…

May 5, 2021
Santos to Buy ConocoPhillips’ Australia Assets, Set to Become Country’s Top Producer

Santos to Buy ConocoPhillips’ Australia Assets, Set to Become Country’s Top Producer

Adelaide-based independent gas producer Santos Ltd. is on track to become Australia’s largest energy producer following its Monday announcement that it inked a $1.39 billion deal to buy ConocoPhillips’ northern Australia assets.

October 16, 2019
Santos, Perdaman Deal Could Supply Additional Natural Gas to Eastern Australia

Santos, Perdaman Deal Could Supply Additional Natural Gas to Eastern Australia

Australia’s east coast could receive more natural gas supply at a time when shortages are projected for the region.

August 6, 2019
Santos Finds ‘Significant’ Natural Gas Offshore Western Australia

Santos Finds ‘Significant’ Natural Gas Offshore Western Australia

Santos Ltd. said an appraisal well in the Corvus field offshore Western Australia confirmed a “significant gas resource,” potentially giving the country a boost in its competition with the United States to supply liquefied natural gas (LNG) worldwide.

April 17, 2019

EIA: Shale Gas Reserves Estimate Doubles From Year Ago

Shale gas resources — and growing output from shale oil — will offset declines in other U.S. supplies through 2035, the Energy Information Administration (EIA) reported Thursday.

December 17, 2010