Santos Awards Deal for $3 6B Barossa Project rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Following consultation with shareholders, Santos has announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting.
Minister for Resources The Honourable Scott Stewart
The Palaszczuk Government has given the green light to a new Surat and Bowen Basin project which will see more gas made available for the domestic market.
Resources Minister Scott Stewart said energy company Santos has been granted an Authority to Prospect over a 764 square kilometre parcel of land located 65km east of Surat in the gas rich Bowen and Surat Basins.
“We are serious about finding gas to keep power stations generating, stoves burning and workers working and have imposed strict conditions that any gas produced from this venture heads straight to the Australian market,” Mr Stewart said.
Santos announces 2020 full-year results
18 Feb 2021
Santos reports record annual production and sales volumes, and strong free cash flow and underlying earnings despite impact of COVID-19 and lower commodity prices.
Santos has announced its full-year results for 2020, reporting record annual production of 89 mmboe and sales volumes of 107 mmboe, free cash flow of US$740 million and underlying profit of US$287 million. The results reflect significantly lower oil and LNG prices compared to the previous year due to the impact of the COVID-19 pandemic on global energy demand.
The reported net loss after tax of US$357 million includes the previously announced impairments, primarily due to lower oil price assumptions.