Australia

Australia’s Santos Rejects $10.8 Billion Harbour Energy Bid, Ends Talks

Australia’s Santos on May 22 ended talks with Harbour Energy and rejected the U.S.-based firm’s $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge.

May 22 2018 - 8:29am

Santos Gets Final Sweetened $10.8 Billion Bid From Harbour

A successful bid would give Harbour access to a recently revived company with a low cost of gas production and stakes in LNG in the Asia-Pacific, where demand is soaring.

May 21 2018 - 7:15am

Santos Gets $10.4 Billion Takeover Bid; Investors May Want More

If successful, Harbour's bid would mark the biggest takeover of an Australian oil and gas producer, but Santos has indicated the company may be worth more.

May 17 2018 - 7:45am

Australia Has An Oil Crisis; Alarm Bells Ringing

At APPEA 2018, it was revealed that the country’s 2017 oil imports had cost AU$29 billion compared to AU$26 billion in LNG earnings.

May 16 2018 - 7:45am

Santos Suitor Harbour Works To Seal Takeover Plan

Harbour, which proposed a $10.4 billion takeover in April, is close to completing a review of Santos' books ahead of deciding whether to make a binding offer.

May 15 2018 - 7:35am

Chevron Calls For Collaboration To Reignite Australia’s LNG Boom

Speaking at APPEA 2018 in Australia Nigel Hearne sought an unprecedented effort with majors Woodside and Shell to unlock stranded gas from the North West Shelf.

May 15 2018 - 7:23am

Chevron’s Gorgon LNG Faces Scrutiny On Carbon Capture Project Delay

The state approved the $54 billion Gorgon project in 2009 on the condition that at least 80% of carbon dioxide released in its gas processing operations over a five-year rolling average period would be buried.

May 10 2018 - 10:26am

Comet Ridge Names Peter Harding-Smith As CFO

Comet Ridge Ltd. has appointed Peter Harding-Smith as its new CFO who will succeed Don Langdon, the company said in a statement on May 8.

May 8 2018 - 7:55am

Australia's Northern Territory Lifts Fracking Ban

Australia's NT commissioned an inquiry into the environmental, social and economic risks of fracking and on April 17 accepted the inquiry's conclusion that the risks were manageable.

Apr 17 2018 - 7:25am

Chevron Green Lights Gorgon LNG Expansion Off West Australian Coast

Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.

Apr 16 2018 - 8:50am

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