Santos Ltd. Company News

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McDermott Wins New Subsea Customer
McDermott has won a subsea contract for a gas field development project between Timor-Leste and Australia.
8:00 PM EST | July 07, 2021
Drilling Campaign Starts Offshore Timor-Leste
The Phase 3C drilling program has commenced offshore Timor-Leste in the Bayu-Undan field.
8:00 PM EST | May 25, 2021
NOV Wins Barossa Submerged Turret Contract
A unit of NOV will supply a submerged turret production system for the Santos-operated project.
8:00 PM EST | May 13, 2021
Eni and Santos Sign Memo to Strengthen Ties
Santos and Eni have signed a non-binding MOU to seek more collaboration opportunities in northern Australia and Timor-Leste.
8:00 PM EST | May 03, 2021
TechnipFMC Gets Go-ahead for Australia Subsea Work
Santos has given TechnipFMC a notice to proceed for its Barossa subsea production system contract.
8:00 PM EST | April 27, 2021
Australia Oil and Gas Players Seek to Cut $39B Decom Bill
ExxonMobil, Santos, Baker Hughes, and others are banding together to try to come up with ways to cut costs.
7:00 PM EST | March 09, 2021
Noble Rig to Drill Offshore Australia Wells
The Noble Tom Prosser will drill two Santos-operated exploration wells in the Bedout Basin.
7:00 PM EST | March 03, 2021
ConocoPhillips Sells Australia-West Assets, Ops to Santos for $1.3B
Due to market volatility and deferring Barossa FID, the companies agreed to lower the initial upfront payment.
8:00 PM EST | May 28, 2020
Santos Contracts Valaris Rig for Van Gogh Phase 2
Santos Ltd. reported a final investment decision on the Van Gogh Infill Development Phase Two Project offshore Western Australia.
7:00 PM EST | March 02, 2020
ConocoPhillips to Divest Some Australia Assets
ConocoPhillips has agreed to sell the subsidiaries holding its Australia-West assets and operations to Santos Limited for US$1.39 billion.
8:00 PM EST | October 13, 2019
Australia's Santos Profit Soars, Flags China LNG Sales Push
Santos reports a more-than-fivefold rise in annual underlying profit.
7:00 PM EST | February 20, 2018
Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer
A bid for Santos may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world's cheapest LNG.
7:00 PM EST | November 15, 2017
Australia's Santos Steps Up Effort To Avert LNG Export Curb
Santos is racing to boost gas supply to Australia's eastern market to fend off government limits on exports of LNG in 2018.
8:00 PM EST | August 29, 2017
Australia Plans LNG Export Limits to Help Ease Local Price Pain
The Australian government's move, due to take effect on July 1, drew a swift rebuke from gas producers.
8:00 PM EST | April 26, 2017
Australia's Santos To Focus On Long-Life Gas In Growth Push
Australia's Santos Ltd will cut costs and put some assets up for sale in a turnaround strategy announced on Tuesday, aiming to reduce debt over the next 3 years and set itself up to grow as a gas producer.
7:00 PM EST | December 07, 2016
Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices.
7:00 PM EST | December 03, 2016
Sampang JV Approves Project to Extend Field Life by 2 Years to 2020
Sampang Joint Venture approves the Sampang Sustainability Project (SSP) located offshore East Java, Indonesia, with the field life to be extended by at least 2 years to 2020.
8:00 PM EST | September 21, 2016
Santos Names Roc Oil CEO Anthony Neilson as CFO to Replace Andrew Seaton
Santos names Anthony Neilson as chief financial officer, replacing Andrew Seaton, who has announced his retirement.
8:00 PM EST | September 18, 2016
Australia LNG Export Boom Pains Santos Amid Gas Struggle At Home
After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas.
8:00 PM EST | August 16, 2016
Australia's Gas Paradox: Supply Crunch Looms Despite Rich Reserves
Australia is on track to become the world's biggest liquefied natural gas (LNG) exporter by 2019 yet faces a looming shortage at home as states restrict new drilling onshore and cash-strapped oil and gas companies cut spending.
8:00 PM EST | August 14, 2016
Santos to Set Aside $1B in Impairment Charge for Queensland's GLNG Project
Santos to set aside $1.05 billion in impairment charge for the Gladstone liquefied natural gas (GLNG) project in Queensland, Australia following a review of its key production assets.
8:00 PM EST | August 14, 2016
Australia's AIG Says Geoscientists in Energy Sector Face High Unemployment
AIG says geoscientists in Australia's energy resource exploration and production segment have the highest rate of unemployment nationally compared to their peers.
8:00 PM EST | August 03, 2016
Australia's Santos Post 2Q 2016 Sales Revenue of $590M, Down 3% YOY
Australia's Santos sales revenue fell to $590 million in the second half of 2016, down 3 percent from last year's $611 million.
8:00 PM EST | July 21, 2016
Australia's Santos Commences Search for New CFO to Succeed Andrew Seaton
Australia's Santos is searching for a new chief financial officer to succeed Andrew Seaton ahead of the latter's retirement at the end of this year.
8:00 PM EST | July 19, 2016
Bapex Partners Santos in First Offshore Venture in Bangladesh's Block 16
Bangladesh Petroleum Exploration and Production Co. partners Australia's Santos for its first venture into offshore oil and gas exploration in the South Asian country.
8:00 PM EST | June 30, 2016
Santos Successfully Drills the AAL-4XST1 Appraisal Well in the Natuna Sea
Santos achieves excellent flow rates in the drilling of the AAL-4XST1 appraisal well for the Ande Ande Lumut oil project in the Natuna Sea offshore Indonesia.
8:00 PM EST | June 27, 2016
Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin
Central Petroleum confirms gas flow during production testing at Mereenie field in Amadeus Basin in Australia's Northern Territory.
8:00 PM EST | June 26, 2016
Santos Plans Sidetrack Ops at AAL-4X Well in Indonesia's NW Natuna PSC
Santos plans to commence sidetrack operations at AAL-4X appraisal well in Northwest Natuna block in the Natuna Sea offshore Indonesia.
8:00 PM EST | June 14, 2016
Santos, Quadrant Terminate Sale of Stag Oilfield Off WA to Malaysia's Sona
Santos and Quadrant Energy terminate the sale of Western Australia's offshore Stag Oilfield to Malaysia's Sona Petroleum.
8:00 PM EST | June 02, 2016
Santos Finds Oil Shows at AAL-4X Well in Indonesia's Offshore NW Natuna PSC
Santos finds oil shows when drilling AAL-4X appraisal well in Northwest Natuna PSC offshore Indonesia.
8:00 PM EST | May 29, 2016
Santos Commences First Production from GLNG Train 2 on Curtis Island
Santos starts liquefied natural gas production from GLNG Train 2 on Curtis Island, Queensland, Australia.
8:00 PM EST | May 25, 2016
Santos Spuds AAL-4Z Appraisal Well in Indonesia's Offshore NW Natuna PSC
Australia's Santos spuds AAL-4X appraisal well in Northwest Natuna production sharing contract, off Indonesia with the jackup Raniworo.
8:00 PM EST | May 15, 2016
Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.
8:00 PM EST | April 26, 2016
Santos Quarterly Revenue Steady As LNG Output Ramps Up
Santos reports a 1% rise in 1Q revenue as it stepped up coal seam gas sales to its Gladstone LNG plant, offsetting a collapse in oil and gas prices.
8:00 PM EST | April 21, 2016
Sona Gets More Time to Meet Conditions for Australia's Stag Oilfield Deal
Sona Petroleum gets an extension to satisfy conditions for the proposed acquisition of Stag Oilfield offshore Western Australia.
8:00 PM EST | March 31, 2016
Australia's Santos Sets Up New Executive Team
Santos creates a new executive team as part of a new operating model to boost company performance in a low oil price environment.
8:00 PM EST | March 31, 2016
China's ENN Buys $750M Stake In Australia's Santos
Chinese private gas distributor ENN is set to become the top shareholder in Australia's Santos Ltd after agreeing to buy an 11.7 percent stake for $750 million from Hony Capital, in a push to get into gas production.
8:00 PM EST | March 23, 2016
Santos Completes Sale of 35% Stake in Kipper Field Off Australia to Mitsui
Santos completes sale of a 35 percent stake in Kipper gas and condensate field in the Gippsland Basin, offshore Australia to Japan's Mitsui for $358.2 million.
7:00 PM EST | March 02, 2016
Malaysia's Sona Buys Australia's Stag Oilfield for a Reduced Price of $25M
Malaysia's Sona Petroleum and sellers of Stag Oilfield off Western Australia agree to reduce the purchase price of the upstream asset to $25 million.
7:00 PM EST | February 29, 2016
Santos Vows Cost Cuts After $2.8B Charge On Oil Crash
Santos’s new Chief Executive Officer Kevin Gallagher promises to cut costs further after the oil price crash led to a wider net loss and $2.8 billion in writedowns.
7:00 PM EST | February 18, 2016
Sona Clears Malaysian Regulatory Hurdle to Aquire Stag Oilfield Off WA
Malaysia's Securities Commission approves Sona Petroleum's planned acquisition of the Stag Oilfield in permit WA-15-L offshore Western Australia.
7:00 PM EST | February 14, 2016
Alliance Bags Jet Services Deal from Santos for Latter's Cooper Basin Ops
Alliance Aviation Services bags a five year deal to provide jet services to Santos for the latter's oil and gas operations in Australia's Cooper Basin.
7:00 PM EST | February 11, 2016
Flood Of Oil Asset Writedowns Seen Across Asia On Crude Rout
Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices.
7:00 PM EST | February 01, 2016
Santos Sees Writedowns as Sales Slump 24% Amid Oil Collapse
Santos reports a 24 percent drop in fourth-quarter sales and flagged asset writedowns after a further decline in oil prices since its November announcement of a $2.5 billion program to cut debt.
7:00 PM EST | January 21, 2016
Clough Appoints Peter Bennett as CEO, Succeeds Kevin Gallagher
Clough appoints Peter Bennett as CEO to succeed Kevin Gallagher, who will assume the top executive post at Santos.
7:00 PM EST | January 18, 2016
GLNG JV Signs Agreement to Supply Gas to Australia's AGL Energy
GLNG project partners sign agreement to supply gas to Australia's AGL Energy.
7:00 PM EST | December 23, 2015
Santos' Incoming MD & CEO Kevin Gallagher to Assume Post on Feb. 1, 2016
Santos' incoming managing director and CEO Kevin Gallagher will commence his duties at the Australian oil and gas company on Feb. 1, 2016.
7:00 PM EST | December 03, 2015
Cooper Energy Upgrades Contingent Resource at Sole Field in Gippsland Basin
Cooper Energy upgrades the resource at the Sole gas field in VIC/RL3 offshore Australia and opens the data room for the Gippsland Basin Gas Hub.
7:00 PM EST | November 25, 2015
Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Increased merger and acquisition deals involving leading Australian oil and gas companies recently is a result of more than just a decline in oil price, analysts told Rigzone.
7:00 PM EST | November 24, 2015
Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Wannabe dealmakers in the oil industry are stymied by a fundamental problem: there's a mismatch between the price of crude and the value of companies.
7:00 PM EST | November 15, 2015