Santos

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…

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…

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…

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…

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…

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.

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

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.

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.