ASX Announcements
This Month
JPMorgan starts pounding pavement for Carnarvon Energy’s strat review
Potential bidders have been told to think of the opportunity to consolidate their Dorado stake by buying up JV partner Santos’ stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Santos will sack 200 people as project delays spoil returns
The reliance on new projects such as Barossa in the Timor Sea takes on greater importance at Santos, where many of its legacy assets are being depleted.
- Vesna Poljak
ANZ hardens policy against bankrolling oil and gas projects
The bank says it will “no longer provide direct financing to new or expansion upstream” projects, practically ruling out lending to the largest proposals.
- Ben Potter
April
Chevron vows to develop new WA gas fields
The federal government is considering wielding its “use it or lose it” powers on undeveloped fields held by major energy companies.
- Tom Rabe
Santos blames lower output, prices for 15pc revenue slide
But the gas giant says the result sets it up to complete major projects including a carbon capture and storage scheme which is due to start later this year.
- Elouise Fowler
Support for Santos chairman overwhelms environmental activist push
The company has been working on major LNG projects, making it a target for climate campaigners. But it has had limited investor backlash to those plans.
- Simon Evans
Santos’ $15b Papua LNG project hits further delay
The decision to build Papua New Guinea’s second LNG project has been pushed back again after bids from contractors made it uneconomic.
- Angela Macdonald-Smith
Santos pursues environmentalists that bankrolled Barossa gas protest
The gas producer wants four activist groups to hand over documents that could show who funded litigation against its offshore project north of Darwin.
- Angela Macdonald-Smith
Oil Search investigation found executives ‘felt belittled’ by MD
Part of the report was read out in court, with former chief financial officer-designate Ayten Saridas suing the company for alleged bullying and harassment.
- Max Mason
March
Jet costs cloud proxy adviser support for Santos
CGI Glass Lewis raised “concerns” over the use of a corporate jet for top management, but it and ISS backed both the remuneration report and chairman Keith Spence’s re-election.
- Angela Macdonald-Smith
EDO hires silk to review ‘made-up’ Barossa pipeline case
Tony McAvoy, SC, will review the “processes” of the Environmental Defenders Office after harsh criticism by a judge.
The stealth compo of Santos CEO Kevin Gallagher
If a CEO’s family gets to fly for free on the corporate private jet, is that worth anything to the CEO?
- Myriam Robin
Gladstone industry hit by gas supply cuts after pipeline fire
Rio Tinto and Orica are two customers scrambling to deal with a significant reduction in gas supply to Gladstone.
- Angela Macdonald-Smith
February
- Opinion
- Chanticleer
Woodside needs stars to align to get Santos
Where does Santos fit in to Woodside’s cash in/cash out story? Everyone wants to know.
- Anthony Macdonald
Santos in talks with Sanjeev Gupta on Whyalla steelworks upgrade
The oil and gas group says an upgraded steelworks may become the first third-party domestic customer for its $335m carbon capture and storage project at Moomba.
- Simon Evans
Santos’ record dividend justifies pay despite profit slide: CEO
The oil and gas giant’s shareholders were left disappointed two weeks ago after the company and its bigger rival called off talks of an $80 billion merger.
- Ben Potter
Woodside may hunt for acquisitions as Santos deal falls through
Analysts expect “inorganic” growth options to be a topic for discussion at the oil and gas producer’s full-year results late this month.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Value killed $80b Woodside-Santos deal
When two boards have gone as far as due diligence, they are committed to properly exploring a deal. What can kill it from there is value.
- Anthony Macdonald
Santos’ failed merger cost its CEO $28 million
For the advisers helping the companies conduct due diligence, news of the deal’s demise would have been felt as a firm blow to the solar plexus.
- Myriam Robin
- Opinion
- Chanticleer
End of Woodside merger talks puts pressure back on Santos
Santos’ sinking share price will do nothing to ease the frustration of shareholders. One activist is renewing calls for the company to break itself up.
- James Thomson