News
Cooper Energy posts $86 million loss
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.
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.
Business
South Australia’s largest company Santos has reported a $402 million ($US289 million) loss for the first half of 2020, following months of low oil and gas prices and the coronavirus pandemic.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
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.
Australia’s competition watchdog has signed off Santos’ $2.9 billion acquisition of major WA oil and gas producer, Quadrant Energy.
