Santos Ltd. Company News

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ConocoPhillips Sells Australia-West Assets, Ops to Santos for $1.3B
Friday, May 29, 2020Due to market volatility and deferring Barossa FID, the companies agreed to lower the initial upfront payment.

Santos Contracts Valaris Rig for Van Gogh Phase 2
Tuesday, March 03, 2020Santos Ltd. reported a final investment decision on the Van Gogh Infill Development Phase Two Project offshore Western Australia.

ConocoPhillips to Divest Some Australia Assets
Monday, October 14, 2019ConocoPhillips has agreed to sell the subsidiaries holding its Australia-West assets and operations to Santos Limited for US$1.39 billion.

Australia's Santos Profit Soars, Flags China LNG Sales Push
Wednesday, February 21, 2018Santos reports a more-than-fivefold rise in annual underlying profit.

Santos Seen Luring More Bids After Rejecting $7.2 Billion Offer
Thursday, November 16, 2017A 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.

Australia's Santos Steps Up Effort To Avert LNG Export Curb
Wednesday, August 30, 2017Santos is racing to boost gas supply to Australia's eastern market to fend off government limits on exports of LNG in 2018.

Australia Plans LNG Export Limits to Help Ease Local Price Pain
Thursday, April 27, 2017The Australian government's move, due to take effect on July 1, drew a swift rebuke from gas producers.

Australia's Santos To Focus On Long-Life Gas In Growth Push
Thursday, December 08, 2016Australia'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.

Gas Producer Santos Needs to Impress as China's ENN Eyes Strategy
Sunday, December 04, 2016Australian gas producer Santos is expected this week to outline its strategy to pay down debt and cope with weak oil and gas prices.

Sampang JV Approves Project to Extend Field Life by 2 Years to 2020
Thursday, September 22, 2016Sampang 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.

Santos Names Roc Oil CEO Anthony Neilson as CFO to Replace Andrew Seaton
Monday, September 19, 2016Santos names Anthony Neilson as chief financial officer, replacing Andrew Seaton, who has announced his retirement.

Australia LNG Export Boom Pains Santos Amid Gas Struggle At Home
Wednesday, August 17, 2016After spending billions of dollars constructing a world-class liquefied natural gas export project in Australia, Santos Ltd. has found itself short of gas.

Australia's Gas Paradox: Supply Crunch Looms Despite Rich Reserves
Monday, August 15, 2016Australia 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.

Santos to Set Aside $1B in Impairment Charge for Queensland's GLNG Project
Monday, August 15, 2016Santos 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.

Australia's AIG Says Geoscientists in Energy Sector Face High Unemployment
Thursday, August 04, 2016AIG says geoscientists in Australia's energy resource exploration and production segment have the highest rate of unemployment nationally compared to their peers.

Australia's Santos Post 2Q 2016 Sales Revenue of $590M, Down 3% YOY
Friday, July 22, 2016Australia's Santos sales revenue fell to $590 million in the second half of 2016, down 3 percent from last year's $611 million.

Australia's Santos Commences Search for New CFO to Succeed Andrew Seaton
Wednesday, July 20, 2016Australia'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.

Bapex Partners Santos in First Offshore Venture in Bangladesh's Block 16
Friday, July 01, 2016Bangladesh Petroleum Exploration and Production Co. partners Australia's Santos for its first venture into offshore oil and gas exploration in the South Asian country.

Santos Successfully Drills the AAL-4XST1 Appraisal Well in the Natuna Sea
Tuesday, June 28, 2016Santos 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.

Central Confirms Gas Flow at Mereenie Field in Australia's Amadeus Basin
Monday, June 27, 2016Central Petroleum confirms gas flow during production testing at Mereenie field in Amadeus Basin in Australia's Northern Territory.

Santos Plans Sidetrack Ops at AAL-4X Well in Indonesia's NW Natuna PSC
Wednesday, June 15, 2016Santos plans to commence sidetrack operations at AAL-4X appraisal well in Northwest Natuna block in the Natuna Sea offshore Indonesia.

Santos, Quadrant Terminate Sale of Stag Oilfield Off WA to Malaysia's Sona
Friday, June 03, 2016Santos and Quadrant Energy terminate the sale of Western Australia's offshore Stag Oilfield to Malaysia's Sona Petroleum.

Santos Finds Oil Shows at AAL-4X Well in Indonesia's Offshore NW Natuna PSC
Monday, May 30, 2016Santos finds oil shows when drilling AAL-4X appraisal well in Northwest Natuna PSC offshore Indonesia.

Santos Commences First Production from GLNG Train 2 on Curtis Island
Thursday, May 26, 2016Santos starts liquefied natural gas production from GLNG Train 2 on Curtis Island, Queensland, Australia.

Santos Spuds AAL-4Z Appraisal Well in Indonesia's Offshore NW Natuna PSC
Monday, May 16, 2016Australia's Santos spuds AAL-4X appraisal well in Northwest Natuna production sharing contract, off Indonesia with the jackup Raniworo.

Shareholders Reject Sona Petroleum's Acquisition of WA's Stag Oilfied
Wednesday, April 27, 2016Sona Petroleum's shareholders vote overwhelmingly against the company's proposed acquisition of Stag Oilfield located off Western Australia for $25 million.

Santos Quarterly Revenue Steady As LNG Output Ramps Up
Friday, April 22, 2016Santos 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.

Sona Gets More Time to Meet Conditions for Australia's Stag Oilfield Deal
Friday, April 01, 2016Sona Petroleum gets an extension to satisfy conditions for the proposed acquisition of Stag Oilfield offshore Western Australia.

Australia's Santos Sets Up New Executive Team
Friday, April 01, 2016Santos creates a new executive team as part of a new operating model to boost company performance in a low oil price environment.

China's ENN Buys $750M Stake In Australia's Santos
Thursday, March 24, 2016Chinese 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.

Santos Completes Sale of 35% Stake in Kipper Field Off Australia to Mitsui
Thursday, March 03, 2016Santos 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.

Malaysia's Sona Buys Australia's Stag Oilfield for a Reduced Price of $25M
Tuesday, March 01, 2016Malaysia's Sona Petroleum and sellers of Stag Oilfield off Western Australia agree to reduce the purchase price of the upstream asset to $25 million.

Santos Vows Cost Cuts After $2.8B Charge On Oil Crash
Friday, February 19, 2016Santos’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.

Sona Clears Malaysian Regulatory Hurdle to Aquire Stag Oilfield Off WA
Monday, February 15, 2016Malaysia's Securities Commission approves Sona Petroleum's planned acquisition of the Stag Oilfield in permit WA-15-L offshore Western Australia.

Alliance Bags Jet Services Deal from Santos for Latter's Cooper Basin Ops
Friday, February 12, 2016Alliance 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.

Flood Of Oil Asset Writedowns Seen Across Asia On Crude Rout
Tuesday, February 02, 2016Investors in Asian oil and gas companies should prepare for a wave of writedowns after a collapse in crude prices.

Santos Sees Writedowns as Sales Slump 24% Amid Oil Collapse
Friday, January 22, 2016Santos 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.

Clough Appoints Peter Bennett as CEO, Succeeds Kevin Gallagher
Tuesday, January 19, 2016Clough appoints Peter Bennett as CEO to succeed Kevin Gallagher, who will assume the top executive post at Santos.

GLNG JV Signs Agreement to Supply Gas to Australia's AGL Energy
Thursday, December 24, 2015GLNG project partners sign agreement to supply gas to Australia's AGL Energy.

Santos' Incoming MD & CEO Kevin Gallagher to Assume Post on Feb. 1, 2016
Friday, December 04, 2015Santos' incoming managing director and CEO Kevin Gallagher will commence his duties at the Australian oil and gas company on Feb. 1, 2016.

Cooper Energy Upgrades Contingent Resource at Sole Field in Gippsland Basin
Thursday, November 26, 2015Cooper 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.

Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Wednesday, November 25, 2015Increased 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.

Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Monday, November 16, 2015Wannabe 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.

Australia's Santos Reboots With $2.5B In Asset, Share Sales
Monday, November 09, 2015Santos reveals plans to raise $2.5 billion, mainly from a massive share sale, thumbing its nose at a full takeover as the indebted oil and gas firm tries to shore up its funding.

Beach Energy Provides Update on Upstream Ops in Australia's Cooper Basin
Wednesday, November 04, 2015Beach Energy provides a monthly update on operations at its upstream oil and gas projects in Australia's Cooper Basin.

Malaysia's Sona Petroleum to Acquire Australia's Stag Oilfied for $50M
Monday, November 02, 2015Malaysia's Sona Petroleum unit agrees to acquire Stag Oilfield offshore Western Australia from Australia's Quadrant and Santos for $50 million.

Takeover Target Santos Pares Capital Spending, Trims Output Forecast
Friday, October 23, 2015Santos, looking to beef up its balance sheet after knocking back a $5B takeover offer this week, flags it would cut capital spending by a further 10% this year.

Scepter Said to Tap Ex-Santos Boss to Support $5.15B Bid
Thursday, October 22, 2015Scepter Partners lines up Santos' oil and gas producer's former leader John Ellice-Flint to run the company, people familiar with the matter says.

CEO: Total Delivers First LNG Cargo from Australian Gladstone Project
Thursday, October 15, 2015The first cargo of liquefied natural gas from Australia's Gladstone project has been delivered to Korea Gas Corp, Total Chief Executive Patrick Pouyanne says.

Australia's Santos to Cull 200 Jobs, Aiming for $73M Savings
Monday, October 12, 2015Santos says it would cut around 200 jobs, or 6% of its staff, as it looks for $73 million in additional savings to ride out weak oil prices.