Business
Adelaide-based oil and gas company Santos has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets.
Business
Adelaide-based oil and gas company Santos expects 2019 production to rise by up to 32 per cent, boosted by its acquisition of Quadrant assets last year.
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Adelaide-based 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 (GLNG) plant in Queensland.
Santos has slumped to a $1.4 billion first-half loss but CEO Kevin Gallagher says he is confident the Adelaide energy giant is taking the right steps to become a “strong and sustainable” business.
Adelaide energy giant Santos will take an impairment charge of $US1.5 billion ($2.0 billion) against the carrying value of its Gladstone liquefied natural gas project in Queensland.
One of the largest private natural gas companies in China, the ENN Group, is to buy Hony Capital’s 11.7 per cent stake and become the biggest single shareholder in Adelaide oil and gas producer Santos.
