Business
Santos has given the green light to its $4.7 billion Barossa project north-west of Darwin, which it says represents the biggest investment in Australia’s oil and gas sector since 2012.
News
In this week’s briefcase, a fund to help further the professional development of SA business leaders braces for a boost, Rex Airlines prepares to begin flights between Adelaide and Melbourne and Santos resumes oil production off the WA coast.
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Santos has reported a $460 million ($US357) loss for 2020 amid significantly lower oil and gas prices and lagging global energy demand due to the COVID-19 pandemic.
Adelaide-based oil and gas companies Beach Energy and Cooper Energy have reported massive drops in profits for the first half of the financial year, citing low prices and investments in new projects for their lacklustre performances.
Santos has recorded an $832 million reduction in revenue for 2020 compared to 2019 despite record production and sales volumes.
Welcome to Briefcase, a quick tour of announcements, awards and events showcasing the everyday exploits of SA businesses.
