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.
Business
Record copper sales and soaring gold and iron ore prices in the second half of 2020 has helped South Australia reach its second-highest year of mining value, latest state government figures show.
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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.
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.
A Chinese energy company has offloaded more than $785 million worth of Santos shares but says it remains committed to the South Australian oil and gas giant and plans to remain its largest individual shareholder.
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.
