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The Santos share price is down 1.19% at the time of writing, trading at $7.07 per share.
Santos is one of the leading independent oil and gas producers in the Asia-Pacific region, providing energy to homes, businesses and major industries across Australia and Asia.
Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets.
What is the Santos Fitch rating?
Fitch Ratings has assigned Santos Limited a first-time rating of ‘BBB’ with a Stable Outlook. The agency has also assigned Santos a senior unsecured rating of ‘BBB’.
Fitch’s report said fixed-price gas contracts were of immense benefit to Santos’ low credit risk.
Santos Goes Ahead With Barossa
This story features SANTOS LIMITED, and other companies. For more info SHARE ANALYSIS: STO
Santos has given a green light to the Barossa gas/LNG project, underpinning confidence in the outlook
-Less development risk with a brownfields project
-First LNG development decision in Australia for almost nine years
-Further sell-down would reduce balance sheet concerns
By Eva Brocklehurst
LNG development in Australia s north has taken another step forward, with Santos ((STO)) unveiling a final investment decision (FID) on its Barossa project off the coast of the Northern Territory. The project has a start-up target for the first half of 2025.
This story features SANTOS LIMITED. For more info SHARE ANALYSIS: STO
FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:
Carbon Imposts Barreling Down On Australia
The European Parliament has just backed a tax on imports that haven t priced in the cost of carbon in a move soon to be followed by the US and Britain – all this as China prepares to launch its own carbon market and FitchRatings warns of sovereign downgrades for fossil-fuel producing countries.
-EU prepares for a border tax – the pilot kicks off in 2023
Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure
Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .
Nation faces multibillion-dollar bill for decommissioning work to replace oil and gas infrastructure
Business by Alexis Carey 10th Mar 2021 7:59 AM | Updated: 4:56 PM A new report has revealed Australia will be hit by a massive, multibillion-dollar problem within the next 10 years - and the time is now to take action. According to the report by Advisian, much of the nation s existing offshore oil and gas infrastructure is so old, it will need to be decommissioned in the years ahead. In fact, there is more than $50 billion of crucial decommissioning work to tackle, with over half of the work needing to be started within the next 10 years and deemed to be urgent .