23 articles
Australia plans to legislate a Domestic Gas Reservation Scheme requiring LNG producers to reserve up to 20% of output for local buyers amid projected domestic shortfalls. The policy impacts major proj
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.
Australia relaxed its East Coast gas reservation rule for LNG exporters, replacing a fixed 20% quota with flexible production limits to ensure domestic supply. Major projects by Shell, Santos, and Ori
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
Australia's Santos acquired an additional 3.3% stake in the Papua LNG project from TotalEnergies for $189 million, raising its total interest to 21%. The deal is expected to boost equity LNG productio
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
Australia's Northern Territory regulator charged Japanese energy giant Inpex with under-reporting benzene and toluene emissions at its Ichthys LNG plant between 2019 and 2024. The case follows a regul
Australian regulators propose stricter pollution rules for Inpex and Santos LNG sites after benzene emission estimates surged from 5 to 500 tons. The new conditions aim to address health risks and ens
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 achieved first oil from its Alaska Pikka project, aiming for 80,000 barrels per day by Q3 2026. The company maintained its annual production forecasts despite temporary operational disruptions.
Santos and Repsol have commenced commercial oil production from Alaska's Pikka discovery, targeting 20,000 barrels daily initially. This milestone signals a resurgence in state crude flows supported b
Australian energy producer Santos will proceed with the $160 million Agogo tie-in project in Papua New Guinea, connecting its facility to the PNG LNG pipeline with first gas expected in Q2 2028.
Australia mandates LNG exporters reserve 20% of gas for the domestic east coast market starting July next year, impacting Origin, Shell, and Santos projects to stabilize local supply and prices.
Australia mandates new LNG exporters reserve 20% of production for the domestic market starting July 2027 to curb prices. The policy impacts major Queensland projects and shareholders like Shell and S
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 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.
Cyclones disrupted operations at major Australian LNG facilities including Chevron and Santos, tightening global supply and causing Asian natural gas prices to surge 143%.
ChemBrief