Business
Santos will push ahead on a merger bid to gain a greater presence in Papua New Guinea and create a $21 billion company with Oil Search, despite an initial rejection.
News
Adelaide-based oil and gas company Cooper Energy has reported a statutory net loss after tax of $86 million, citing value write-downs and project delays.
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South Australia’s largest company Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas, but said production from its core assets is expected to remain steady in the near term.
Adelaide-based oil and gas producer Santos has posted a seven per cent rise in annual net profit, as a jump in production helped offset weaker commodity prices across the year.
Adelaide-based oil and gas company Santos has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets.
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.
