Santos News

 

Santos Takes Over Oil Search. Names CFO

Dec 13, 2021

Santos Ltd on Monday named a new chief financial officer in its first move since sealing its $6 billion takeover of Oil Search, who will play a key role in selling stakes in assets in Papua New Guinea and Alaska.Santos promoted Anthea McKinnell…

AKOFS Offshore Wins Three-year Petrobras Contract for 'Skandi Santos'

Dec 09, 2021

Oslo-based subsea well intervention and installation services company AKOFS Offshore has signed a three-year contract with Brazil's Petrobras for its vessel Skandi Santos.Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil…

Australia's Santos Awards Long-term Charters for Solstad Offshore Vessel Duo

Dec 08, 2021

Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts with Santos for two of its offshore vessels in Australia.The AHTS Far Senator and PSV Far Seeker have been awarded a contract by Santos in support of its drilling activities…

Oil Search Gets Shareholder Approval for $6.2B Buyout by Santos

Dec 07, 2021

Papua New Guinea-focussed Oil Search Ltd said on Tuesday its A$8.8 billion ($6.21 billion) buyout by Santos Ltd received overwhelming support from its shareholders, getting over 95% votes in favor of the deal.Shares of Oil Search rose as much as 3…

Santos $6B Takeover of Oil Search Gets Tepid Backing from Independent Expert

Nov 11, 2021

Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…

Santos, Oil Search Agree to Merge Despite PNG Scrutiny

Sep 10, 2021

Santos sealed an agreement to buy Oil Search to create a global top 20 oil and gas company, the companies said on Friday, even as the Papua New Guinea government raised concerns that a takeover could harm national interests.The deal will make…

Oil Search Says Merger with Santos Crucial to Growth Plans

Aug 24, 2021

Oil Search Ltd will need billions of dollars to fund its growth plans, and tying up with Santos Ltd to create a A$20 billion ($14 billion) company will give it the access to capital that it needs, its boss said on Tuesday.Oil Search agreed to…

Australia: Santos Says Oil Search Buy Would Help Speed Up Pivot to Clean Fuels

Aug 17, 2021

Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…

Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm

Aug 02, 2021

Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion ($6.2 billion), in a deal that would create a top-20 global oil and gas company.The merged group would own oil and gas assets in Australia…

Santos: First Well of Bayu Undan Infill Drilling Program Beats Output Forecast

Jul 28, 2021

Just a few days after it said a new well at its Van Gogh offshore oil field in Australia had achieved a production record, Australian oil and gas firm Santos is back with more positive news when it comes to its output.Santos, as the operator of the Bayu-Undan field in the Timor Sea…

Dutch Court Rules Against Dos Santos in Oil Asset Case

Jul 27, 2021

A Dutch court has ruled a half-billion-dollar stake in the Portuguese oil company Galp linked to Angolan ex-first daughter Isabel Dos Santos must be handed over to Angola, lawyers for the southwest African country's state oil company said on Tuesday…

Santos' New Well at Van Gogh Offshore Oil Field Hits Output Record

Jul 26, 2021

Australian oil and gas company Santos has started oil production from the Van Gogh Phase 2 Infill Development, offshore W. Australia, hitting a production record.Santos had announced a Final Investment Decision (FID) on the Van Gogh Infill Development Phase 2 Project in March 2020…

Santos Sees Revenue Jump, Raises Output Forecast

Jul 22, 2021

Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

Santos Taps McDermott for Bayu Undan EPCI

Jul 07, 2021

Oilfield services company McDermott has won a contract to deliver subsea systems for Santos' Bayu Undan field in the Timor Sea.The contract is for a Subsea, Engineering, Procurement, Construction and Installation (EPCI) of equipment at the Bayu-Undan Infill Well Phase 3C Project…

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