News Articles for Santos

Alcoa of Australia has signalled its long-term commitment to Western Australia, signing a new gas supply agreement with Santos at the same time as a review revealed the global aluminium giant is considering big job cuts.

The consumer watchdog has given the green light to Woodside Petroleum's proposed purchase of oil and gas assets from US energy company Apache, after concluding it would not have a significant effect on the domestic gas market.

In theory, and it is a theory backed by some high-powered research, shares in Australian oil and gas companies such as Woodside Petroleum and Santos have much further to fall, a fact which prompts a question: why haven't they already fallen further?

Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.

Sandfire Resources has filed proceedings in the Federal Court against the Centre for Australian Ethical Research over media releases published on its website last month, which Sandfire argues contained “misleading and deceptive” information.

A recent Grattan Institute report on the east coast gas market has further fuelled debate in Western Australia over the merits or otherwise of the gas reservation policy.

Fortescue Metals Group chief executive Nev Power has criticised what he calls "last man standing" expansion strategies by the major iron ore producers in the Pilbara while defending FMG's own expansion strategy.

Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.

The specialist corporate adviser has carved a niche, honing in on the international oil and gas and mining industry.

WA is expected to be the world's second-largest LNG exporter by 2020.

Speculation is mounting that Apache Energy is set to spin-out its Western Australian assets into a separate entity, with Macquarie Capital Advisers appointed to act on its behalf.

Court action filed by both Santos and Apache is set to continue in the Western Australian Supreme Court over several disagreements relating to a joint venture of gas fields offshore in the Carnarvon basin.

IT consultant Velrada has built its business on providing niche software solutions.

FEATURE: Floating LNG will provide limited local construction, manufacturing and engineering opportunities, but could propel WA to the world stage.

GDF Suez and Santos have moved away from developing their Bonaparte joint venture project as a floating liquefied natural gas project, saying they will now consider other options, including helping expand Inpex's Icthys LNG project.

Fortescue Metals Group has called for the phasing out of the state government's contentious domestic gas reservation policy, which has traditionally been backed by big gas buyers, in favour of stricter application of the ‘use it or lose it' rules.

The federal government has failed to give enough consideration to the economic and domestic gas supply implications of floating LNG technology (FLNG), a Western Australian parliamentary inquiry has found.

Core Services Group has completed a long-planned all-scrip acquisition of Marcon Group worth up to $10.7 million, with an over-subscribed capital raising sealing a deal first announced in November 2012.

The Clough AMEC joint venture has been awarded a two-year contract extension worth $150 million to continue to provide operations and maintenance services at ConocoPhillips' Bayu-Undan oil and gas facilities in the Timor Sea.

Business News' annual export review charts the state's reliance on a handful of major companies and commodities, despite the emergence of new players.

Mermaid Marine is a good barometer of activity in Western Australia's oil and gas sector and the company is looking for ways to diversify, including internationally.

An array of large and small projects will push WA's petroleum production to 1 million barrels of oil equivalent per day for the first time next year.

Perth ‘cashbox' Core Services Group has shown how hard it can be to complete a deal in the current market, announcing today a third iteration of its plan to buy a business that is already part-owne

Two new oil and gas research initiatives have received promises of federal funding, with Prime Minister Kevin Rudd talking up the future of the sector in Western Australia today.

Apache Northwest, Santos and Tap Oil announced today that drilling at the Bianchi-1 natural gas well co-owned by the three companies had confirmed a gas discovery, the second for the companies' offshore Carnarvon Basin joint exploration projects. Bianchi is located in the WA-49-R retention lease, around 60km north-west of Onslow and west of Barrow Island, and approximately 21km south of the Gorgon gas field. It is the second confirmed gas discovery in the retention lease, after the Zola-1 well, owned by the same companies and located about 6.4km south-west of the Bianchi site, tested positive in April 2011.

Shale gas in the US contributed around $80 billion to its GDP and created more than 900,000 jobs, but a new financial analysis has shown developing Australia's vast shale gas resources will cost up

Western Australia has a lengthy pipeline of prospective oil and gas projects but their size and nature will limit opportunities for local businesses.

There's certainly no shortage of ambition at Present Group, which has the lofty goal of becoming the world's first global 'completions enterprise'.

Women's professional development and executive mentoring group Behind Closed Doors has nominated the first Western Australian recipient of its Luminaries scholarship.

Construction of Perth's next big office development could start within weeks as investment group Brookfield strives to meet its 2015 deadline for a second tower at Brookfield Place.

Brett Woods has joined oil & gas producer Santos as exploration manager in the WA & NT business unit.

From major rides that take over freeways, to smaller, more intimate groups keeping to selected cycle routes, it seems more people are getting on to their bikes to support health-related charities.

Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.