Santos shares fall after Harbour takeover offer rejection
Santos Ltd. plunged the most since 2016 after rejecting Harbour Energy Ltd.’s $10.9 billion final offer and terminating talks, saying its proposal was too low and too risky.
Santos
Harbour makes final, sweetened $10.9bn Santos offer
Harbour Energy made a final sweetened bid of $10.9 billion for Santos, claiming support from the Australian oil and gas producer’s biggest shareholders.
Harbour tables revised $10bn takeover offer for Australia’s Santos
Australian firm Santos has received a revised $10.4billion takeover offer from US business Harbour Energy.
Harbour Energy seeks Santos growth with $10.3 billion offer
Harbour Energy Ltd. Chief Executive Officer Linda Cook said she would seek to expand Santos Ltd. in Asia and Africa after making a A$13.5 billion ($10.3 billion) offer for Australia’s third-largest energy producer.
Santos strikes deal to gas supply
Santos today confirmed it had signed a location swap agreement facilitating the delivery of at least 18 PJ of gas per annum into the southern domestic market.
Santos to redirect gas to South Australian economy
Santos today announced it had signed an agreement with ENGIE in Australia for the supply of gas to the Pelican Point Power Station that will help support South Australia’s energy needs. The contract is for 15PJ, starting in January 2018. The contract will be fulfilled with a mix of GLNG gas and Santos portfolio gas.
Statoil ups Brazil ante by $379million
Statoil has strengthened its position in Brazil.
ConocoPhillips completes first well on Barossa
ConocoPhillips has completed drilling on its first well in the Barossa field - and is planning to move the rig for a second well.
Santos plans infrastructure sell-off after cutting 500 jobs
Santos today said it would continue to sell-off non-core infrastructure as part of its new investor focused strategy.
Santos confirms Hony Capital shares
Santos has confirmed market speculation over shares purchased by Hony Capital.
Santos’ sales and production up
Santos today confirmed its production and sales were both up in the third quarter.
Santos reports $1.1billion loss on Gladstone LNG writedown
Santos Ltd., Australia’s third-biggest oil and gas producer, reported a first-half net loss of $1.1 billion after taking a $1.05 billion charge on its Gladstone liquefied natural gas export project in Queensland.
Santos flags $billion Gladstone LNG charge on gas supply
Santos Ltd. will take a $1.05 billion writedown on the value of its Gladstone LNG project due to rising prices for third-party natural gas supplies and slower than expected ramp up of its own equity output.
Santos launches executive search as CFO calls time
Santos today confirmed its chief financial officer, Andrew Seaton, will retire at the end of the year, after 11 years of service.
Santos appoints new executive team to drive new business model
Santos has appointed a new senior executive team as the company aims to streamline its operation and cut costs.
China’s ENN takes $0.75billion Santos stake
Chinese gas distributor ENN has bought a $750 million stake in Australian gas producer Santos as it attempts to ease its dependence on state-owned suppliers for supply.
Santos offloads Kipper gas field stake
Santos has completed the sale of its 35% non-operated share in the Kipper gas field to Japanese firm Mitsui for $520million in cash.
Santos hit with $1.93billion loss in 2015
Santos said it was hit with a $1.93billion loss last year after it booked $2.8billion in impairment charges.
Santos sees writedowns as sales slump 24% amid oil collapse
Santos Ltd. reported a 24 percent drop in fourth-quarter sales and flagged asset writedowns after a further decline in oil prices since its November announcement of $2.5 billion program to cut debt. Quarterly sales fell to A$828 million from A$1.09 billion a year earlier, the Adelaide-based company said Friday. That beat estimates from UBS Group AG and Macquarie Group Ltd. Output dropped 1 percent to 14.9 million barrels of oil equivalent, and spending decreased 43 percent to A$477 million.
Santos strikes gas deal with AGL Energy
Santos has struck a deal with AGL Energy for the purchase of 254 petajoules of gas for supply to its GLNG project. The company said the gas will be deliverd at Wallumbilla over a period of 11 years commencing in January 2017, with pricing based on an oil-linked formula. The gas will be sourced from coal seam gas fields in Queensland.
Santos shares on trading halt as capital raising fails to deliver
Shares in Australian oil and gas giant Santos went on a trading halt on Wednesday amid speculation its retail investors bought only about a third of the A$1.35 billion ($987 million) of shares offered by the oil and gas producer in a move to pay down debt.
Santos rejects $5.5billion takeover bid by Scepter
Australian energy giant Santos, has rejected a $5.5billion takeover bid by fund managers Scepter, which represents Middle Eastern and Asian royals.
Santos ship first cargo from Gladstone LNG project
Santos said the first cargo from the Gladstone liquefied natural gas project left today as Australia looks to overtake Qatar as the world’s top LNG exporter. The launch was good news for Santos which has been racing to sell assets in a bid to reduce its $8.8billion of debt.
Santos to reduce headcount by 200 as it aims for $73million savings
Australian oil and gas producer Santos has revealed it will reduce its headcount by around 200, or 6% of its staff, as it looks for A$100million ($73million) in additional savings to ride out weak oil prices.
Santos first-half profit declines 82% amid oil price collapse
Santos Ltd., Australia’s third-largest oil and gas producer, posted an 82 percent slump in first-half profit after a fall in oil prices. Net income fell to A$37 million ($27 million) in the six months ending in June, from A$206 million a year earlier, the Adelaide-based company said Friday in a statement. That compared with an estimate of A$41 million from Macquarie Group Ltd.