Business
Santos boosted by booming commodity prices
Santos has posted record quarterly revenue from oil and gas sales, with the company cashing in on surging commodity prices and its merger with Oil Search.
Business
Santos has posted record quarterly revenue from oil and gas sales, with the company cashing in on surging commodity prices and its merger with Oil Search.
Opinion
UPDATED: A global energy shock is underway, putting new focus on the relationship between renewables and fossil fuels, writes Lurion De Mello.
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The share price of SA oil and gas producer Beach Energy plunged almost 25 per cent in the first hour of ASX trade this morning, after the company announced an 18.4 million barrels of oil downgrade to its reserves in the north-east of the state.
A container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company says, as officials stopped all ships entering the channel in a new setback for global trade.
The shortest shipping route from Europe to Asia remains blocked as tug boats struggle to free one of the world’s largest container ships after it ran aground in the Suez Canal, prompting a rise in oil prices due to supply delays.
Santos has delivered record oil and gas production and sales volumes in the September quarter. But despite the production boom, the struggling world oil price has kept its sales revenues down by more than 20 per cent on this time last year.
