Santos wins partial start for troubled Barossa pipeline
Santos has said it would continue to “vigorously defend” its stance. The company is committed to the Barossa gas project, it said.
Barossa
BW Offshore nearing completion of Barossa FPSO
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa project is almost three quarters of the way there.
Santos says Barossa remains on track despite drilling halt
Santos says drilling at its Barossa project off Australia could restart by the end of the year and that the project remains on time and on budget for start-up in 2025.
Australia’s Santos reports $2.5bn profit surge from higher oil and gas prices
Santos (ASX:STO) today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit jumping 160% to US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to 2021, due to stronger global energy demand, combined with a higher interest in PNG LNG following its merger with Oil Search.
Santos bags key Dorado environmental approval in Australia
Australian oil and gas producer Santos (ASX:STO) today reported that it has approval from the offshore petroleum regulator for its US$2 billion Dorado oil and gas project in Western Australia. Significantly, the news may ease concerns about the regulator’s harder approach towards project approvals since a court ruling last year.
Santos Barossa LNG project hit again by indigenous culture worries
The development of the Santos-operated Barossa offshore gas development that will backfill the Darwin LNG export plant in Australia looks set to be further delayed after the offshore regulator suspended planned construction of an offshore pipeline due to indigenous heritage concerns.
Further delays for Barossa LNG as Santos loses court appeal
Santos’ (ASX:STO) appeal to restart drilling at its Barossa gas development offshore Australia that is planned to backfill the Darwin LNG export terminal has been dismissed adding further uncertainty and delays for the project.
Santos’ Barossa could face two year delay leaving Darwin LNG empty
The development of the Santos-led (ASX:STO) Barossa gas project offshore Australia that will backfill the Darwin liquefied natural gas (LNG) export plant could be delayed by up to two years after a Federal Court ordered the operator to stop drilling at the US$3.6 billion project on 21 September.
Court orders Santos to stop drilling at $3.6bn Barossa gas project
Santos has been ordered to stop drilling at its $3.6 billion Barossa gas project off northern Australia by a Federal Court following a successful challenge from an indigenous group against environmental approvals for drilling and completion activities.
Barossa FPSO for Darwin LNG backfill is 40% finished says BW Offshore
The floating storage production and offloading (FPSO) unit for the Santos-led (ASX:STO) Barossa gas and condensate project – that will backfill the Darwin LNG export plant - offshore northern Australia is 40% finished as of July.
Santos takes $600m FID for offshore CCS pipeline
Santos (ASX:STO) today announced investment approval for its US$622 million Darwin Pipeline Duplication Project, located offshore Australia’s Northern Territory, as part of its Barossa gas development that will backfill Darwin LNG.
Worley wins FEED contract for Santos CCS project offshore East Timor
Australian-listed engineering company Worley (ASX:WOR) will provide front-end engineering and design (FEED) services for the Santos-led proposed giant carbon capture and storage (CCS) project offshore East Timor.
JERA, Tokyo Gas, Inpex to join Santos-led Bayu Undan CCS project
Japan’s three energy companies – JERA, Tokyo Gas and Inpex – plan to join the proposed giant carbon capture and storage (CCS) project led by Santos (ASX:STO), at Bayu Undan offshore East Timor. The trio’s total investment could reach as much as 100 billion yen ($748 million) reported the Nikkei Asia.
South Korea court rejects case against Barossa pipeline financing
A South Korean court has rejected an application from a group of indigenous Australians to block South Korean export credit agencies from funding a deep-water pipeline for the Santos-led (ASX:STO) Barossa gas and liquefied natural gas (LNG) project off northern Australia.
Santos completes sale of Barossa stake to Japan’s JERA
Santos today announced completion of the sale of a 12.5% interest in the Barossa project off northern Australia to Japan’s JERA, the world’s largest buyer of liquefied natural gas (LNG), following the completion of all regulatory approvals.
Indigenous Australians take South Korea financiers to court over Barossa LNG project
Traditional landowners in Australia’s Northern Territory have launched legal action against South Korea’s export credit agencies in an attempt to block funding for the Santos-led $3.6 billion Barossa gas project, which will backfill the Darwin liquefied natural gas (LNG) export plant.
Chuditch gas stirs excitement offshore East Timor
Sunda Gas is busy completing various studies that could lead to the commercial development of the shallow-water Chuditch gas discovery offshore East Timor with a potential floating liquefied natural gas (LNG) development under consideration.
Subsea 7 plans $100m windfall for shareholders
Subsea 7 (SUBC: OSLO) is planning a $100 million windfall for shareholders in 2022 as it firmly believes “the market recovery is underway”.
Critics say Santos’ Barossa LNG should be halted until CCS scheme proven
The Institute for Energy Economics and Financial Analysis (IEEFA) believes the start of work on the Santos-led Barossa liquefied natural gas (LNG) development offshore northern Australia should be suspended as the associated carbon capture and storage (CCS) scheme, proposed by the operator, remains problematic and will not cut emissions. Otherwise the CCS project should be viewed as nothing more than ‘green washing’ and a diversion while construction continues, said IEEFA.
East Timor NGO hits out at Santos’ carbon storage plans for Barossa LNG
East Timor-based independent think-tank La'o Hamutuk has hit out at Santos’ plans to store carbon from its proposed Barossa liquefied natural gas (LNG) development at the Bayu Undan field in the Timor Sea by filing a submission to the Northern Territory (NT) Environmental Protection Authority (NTEPA).
Gas giant in Korea accused by activists of greenwashing over Australian LNG
South Korea’s largest private gas provider SK E&S is facing legal action from a climate activist group alleging that it falsely advertised the green credentials of the Santos-led (ASX:STO) Barossa liquefied natural gas (LNG) project in Australia.
Santos sells stake in Barossa LNG project to JERA for $300m
Santos said today that it has signed a $300 million deal to sell a 12.5% interest in the Barossa project in Australia to Japan’s JERA.
Is Santos and Eni’s CCS plan in the Timor Sea ‘carbon colonialism’?
Fast-moving plans for a Santos-led carbon capture and storage (CCS) project at the Bayu Undan field offshore East Timor, that would see the nation import Australia’s waste, have been described as “carbon colonialism” by independent thinktank La'o Hamutuk.
Costs rising for Santos’ Barossa FPSO as supply chains stressed, says BW Offshore
Norway's BW Offshore (OL:BWO) said that the Barossa floating production storage and offloading (FPSO) vessel project for Santos (ASX:STO) is experiencing some cost increases due to price inflation for materials.
CCS will not save Santos’ Barossa LNG project, says IEEFA
Despite a proposed carbon capture and storage (CCS) scheme, the Santos-led (ASX:STO) Barossa liquefied natural gas (LNG) project in Australia, will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain. This makes it one of the more expensive and dirtiest gas projects in the world, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).