Santos secured LNG supply agreements with POSCO Steel and Western LNG, sourcing from its global portfolio and the proposed Ksi Lisims project in Canada starting around 2030.
Santos CEO Kevin Gallagher advocates for revised Australian gas reservation rules to stimulate investment in new supply sources. He warns that current rigid requirements threaten the nation's reliabil
Australian oil and gas producer Santos beat H1 profit estimates and forecasted a 20%-30% production increase in the second half due to project ramp-ups. Stronger LNG pricing is expected to further boo
Santos reported Q2 revenue of $1.35 billion driven by higher LNG volumes and crude prices, missing estimates while lowering its annual production forecast amid geopolitical market volatility.
Australian energy producer Santos signed a 10-year deal to supply 200 petajoules of gas to South Australia starting in 2030. The agreement funds the Moomba Central Optimisation project and secures dom
Santos announced its Moomba CCS facility has permanently stored 2 million tonnes of CO2e, achieving its 2030 target five years ahead of schedule. The project serves as a key node for industrial carbon
Australia's Santos targets a $2.5 billion net debt reduction by 2030, prioritizing investment in major oil and LNG production within tier-1 basins. The strategy involves repurposing domestic operation
Santos CEO Kevin Gallagher warned that a proposed 25% gas-export tax damaged Australia's reputation as a stable energy investment destination, risking capital diversion due to policy instability. He f
Santos posted a 1.8% decline in Q1 sales revenue to $1.27 billion caused by Barossa maintenance and Cyclone Narelle, despite a 2.7% rise in production volume and higher average crude prices.
Santos Ltd. is restructuring its Australian and PNG oil and gas operations into four regional units to cut costs and improve profitability following a profit slump and failed takeover attempts. The sh
Santos Brasil accelerates a $641 million expansion driven by record chemical and agricultural cargo volumes, with container movements growing 6% annually. Service reliability faces strain amidst geopo
Santos warns Middle East conflict impacts will persist for years, though its LNG routes avoid high-risk chokepoints. First oil from its Alaska Pikka project is imminent, with 83% of its portfolio cont
Santos plans to restart full production at its Barossa gas plant by April 18 after equipment repairs, aiming to alleviate Asian LNG supply shortages caused by Middle East conflicts.
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