News Articles for Santos

The share market has closed higher as takeover speculation fueled a big gain for gas giant Santos and other sectors recovered from early weakness.

Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.

The share market is following a negative lead from overseas markets, weighed down by weakness among miners and banks.

The share market has taken its sharpest fall in seven weeks as profit-takers moved in, selling off across the market and dropping the benchmark index back under 6,000 points.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.

The share market has closed higher for a third straight session as a lift in iron ore prices boosted miners and most of the big banks gained ground.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it seeks to boost production as part of its turnaround plan.

Energy firm Santos will once again back the controversial Narrabri coal seam gas project in NSW as it looks to boost production as part of its turnaround plan.

The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,

Former Woodside Petroleum executive Keith Spence has resigned as a director of Oil Search to join rival oil and gas producer Santos as chairman.

Local resources executive Vanessa Guthrie has been appointed to the board of uranium explorer Vimy Resources as a nominated representative of fund manager Resource Capital Funds.

Perth-based Monadelphous Group has won a suite of new contracts and extensions for maintenance and construction work around Australia and internationally, to the tune of $220 million.

Oil and gas producer Santos has reduced its half-year loss to $US506 million ($A640 million) even though it had an impairment charge of $US689 million on account of lower oil price forecasts.

Oil and gas producer Santos will book an impairment charge of $US690 million ($A877 million) in its half-year results due next week after lowering its oil price forecasts.

Oil and gas producer Santos has signed an agreement to supply gas to Engie's Pelican Point power station in South Australia.

Six months after shutting down specialist oil and gas advisory firm Miro Advisers, Tim Woodall has joined the board of Melbourne-based explorer and producer FAR as a non-executive director.

Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice-president John Anderson.

South Australian charter airline Rossair Charter Services is making a push into Western Australia, as it refines operations following the recent acquisition of Perth-based Ad Astral Aviation.

Major gas exporters on the east coast have promised to ensure higher domestic supplies, but the industry has slammed the federal government's new restrictions on gas exports.

Oil and gas producer Santos has halved its full-year loss and cut net debt as it continues to restructure and cut costs.

Origin Energy has flagged a hit to profitability a day ahead of its half-year earnings, announcing it will take a $1.9 billion impairment charge against the value of some of its major assets, including the Australia Pacific LNG project and its Browse Basin gas fields.

Oil and gas producer Santos has topped its guidance for 2016 with a 7 per cent rise in production and a 31 per cent jump in sales, boosted by the ramp-up of its Gladstone liquefied natural gas plant in Queensland.

Four Western Australian projects will be included in a planned spin-off from energy player Santos in a bid to increase cash flow and cut debt, including facilities at Thevenard and Barrow islands.

Australia's liquefied natural gas exports have risen 6.6 per cent in October to 4.3 million tonnes, according to estimates by consultancy EnergyQuest.

Singapore-based Mitra Energy has completed the $US10 million ($A13.3 million) purchase of the Stag oil field off the Pilbara coast, but is still awaiting regulatory approval to take over as operator.

Chinese private equity company Hony Capital has paid $159 million to increase its stake in Santos, eight months after selling a major shareholding in the Australian oil and gas player to another Chinese firm.

The United States Associated Press has called the presidential election for Republican candidate Donald Trump, after he won swing states Ohio and Florida and pulled bricks out of Hillary Clinton's rust belt blue wall, pushing WA gold stocks well up and causing volatility across financial markets.

Energy giant Santos has agreed to sell its Victorian gas assets to Cooper Energy for up to $82 million.

Santos has narrowed its full-year sales guidance to the top end of its previous target range after total sales volumes leapt 31 per cent in the September quarter, compared with the same period last year.

Oil giant BP's decision to abandon exploration plans in the Great Australian Bight could mean that the region will remain unexplored for some time.

The share market has closed at its highest level in a month after major oil producers surprisingly agreed to cut production, giving energy and resource stocks a boost.

The Australian share market has closed slightly higher as investors wait for crucial central bank interest rate decisions from Japan and the US.

The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.

The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.

The Australian share market has continued on its downward path, with banks and retail-focused shares weighing despite a bounce in the energy sector.

Santos will not pay a dividend after plunging to a $US1.1 billion ($A1.4 billion) half-year loss on the back of lower oil prices and a large impairment against its massive new LNG project.

Energy giant Santos will take an impairment charge of $US1.5 billion ($A2 billion) against the carrying value of its Gladstone liquefied natural gas project in Queensland.

A Supreme Court judgement has shone a light on the fractious relationship between joint venture partners Quadrant Energy and Santos.