Business
Global credit risk researcher Standard & Poors has reaffirmed Santos’ BBB-credit rating, fuelling an early jump in the South Australian oil and gas giant’s share price this morning.
Business
Santos will slash its 2020 capital spend by $550 million and defer a final decision on a major Northern Territory gas project in a bid to counteract plunging oil prices and coronavirus.
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Adelaide-based oil and gas giant Santos has banned employees from international travel, SA universities have deferred graduation ceremonies and the Australian sharemarket suffered its latest major fall in opening trade this morning over coronavirus fears.
South Australia’s largest company, Santos, is among several major local companies to have seen their share prices plunge in recent months, as the global coronavirus and oil glut crises spook investors, with the State Government today foreshadowing a stimulus package for the state.
UPDATED | Adelaide-based oil and gas company Cooper Energy has turned a loss into a profit in the first half, despite reporting the same level of production as the previous year.
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.
Major South Australian oil and gas companies Santos and Beach Energy today announced the extension of ethane gas supply to Sydney-based Qenos as part of a Cooper Basin joint venture.
