Kevin Gallagher

The world risks national oil companies stepping in to replace private capital if emissions reduction is poorly handled, Kevin Gallagher has warned, after the industry came under fire from Andrew Forrest today.

The petroleum industry and environmental activists may have clashed this week but they are both heading in the same direction on emissions reduction.

Engineering work for the $US2 billion Dorado oil and gas project will soon get under way, proponent Santos said, with a final decision due mid-2022.

Oil Search has rejected a Santos merger bid valuing the joint entity at $22 billion, revealed one day after Oil Search’s chief executive resigned.

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

Santos has awarded a front end engineering contract for design, construction, and installation of the Dorado wellhead platform to Sapura Energy.

Santos and Oil Search have struck an agreement to merge their businesses through an all-scrip deal worth $21 billion.

Confirmation of Santos and Beach Energy's $220 million carbon capture and storage project in South Australia has been followed by the swift departure of Beach's chief executive, Matt Kay.

Oil Search shareholders have voted in favour of a proposed merger with Santos, clearing the way to form a top 20 global oil and gas entity.

Oil Search non-executive director Michael Utsler will join the Santos board as the $21 billion merger between the companies takes effect.

Perth company Mineral Resources has announced a surprise addition to its board of directors with the recruitment of Santos boss Kevin Gallagher.

Santos has booked 100 million tonnes of carbon storage resource within South Australia's Cooper Basin while reporting a substantial increase in reserves on the back of its Oil Search merger.

Peter Wade has stepped down as Mineral Resources’ non-executive chair after spending a decade in the role and 23 years overall with the WA iron ore play.

Santos chief executive Kevin Gallagher has scrapped his short-lived plan to join the board of Mineral Resources, leaving him with a dented reputation.

Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia’s Dorado field.

A major new oil project off Western Australia is a significant step for fuel security at a time of intense international volatility, the government says.

Santos has signed up to buy gas from Strike Energy and Talon Energy’s Wayerling gas field development under a new supply agreement.

Production has resumed from Santos’ John Brookes offshore platform in the Carnarvon Basin after a gas leak took the operation offline for more than two months.

As criticism of the government’s energy market intervention settles, Madeleine King is focused on pushing Australian resources to the fore of the global energy transition.

Rising oil and gas prices fuelled by the Russian invasion of Ukraine have propelled gas producer Santos to record profits.

The partners behind the Papua liquified natural gas plant have begun fully integrated front-end engineering and design work, taking the project closer to completion.

Santos chief executive Kevin Gallagher has called for a better regulatory system after the Federal Court extended an injunction on the company’s $US4.7 billion Barossa project.

Santos boss Kevin Gallagher says the company is “no orphan” in the regulatory challenges it faces at its stalled Barossa project, while suggesting delays may impact future investment decisions.

Santos has received regulatory drilling approval for its contentious Barossa natural gas project in the Timor Sea, despite ongoing challenges in the Federal Court.

LNG producer Santos has put a cost on the delays caused by court action against its Barossa project, flagging a capital expenditure blowout as high as $450 million.

Mark Beyer and Mark Pownall discuss the battery metals shake out; Santos legal delay impacts; high energy prices; HBF cost cut; McCusker charity news, and a magazine preview.

Santos and its joint venture partners will invest millions of dollars in Aboriginal communities, in the aftermath of the legal action involving its $U4.7 billion Barossa project.

Oil and gas producer Santos recorded a 42 per cent fall in underlying profit in 2023 off a 24 per cent reduction in sales revenue, reflecting lower received prices and less production volume.

Carnarvon Energy hopes a final investment decision will be made on the Dorado oil project by the end of 2024, as the Santos-led joint venture explores cost reduction at the field.

Santos boss Kevin Gallagher wants government to let the free market drive decarbonisation, claiming an agenda against fossil fuels will not facilitate an effective transition.

Speculation around a Middle Eastern takeover of Australian oil and gas play Santos led the company’s share price higher in ASX trade today, despite doubt over whether a move will be made.

LNG producer Santos extended the life of its Reindeer gas field into the second half of 2024, but the future of its WA portfolio remains clouded in the longer term.

Santos has hired former Woodside executive Sherry Duhe as its new chief financial officer, marking the experienced executive’s return to the oil and gas sector.

Business executives Kevin Gallagher and Neil Siford have had a small win in the Supreme Court in a costs ruling related to their long-running dispute with Forge Group.

Gas producer Santos has started first production at its offshore Halyard 2 infill well, off the coast of Western Australia.

Production from Santos’ Western Australian assets sunk to its lowest level since 2018 last year, as the company prioritised other jurisdictions.

Some of Australia’s largest gas producers have warned they may invest elsewhere in light of ongoing delays in project approvals and social licence challenges.

Dorado oil project minority owner Carnarvon Energy plans to hand cash back to shareholders, after the project’s majority owner Santos deferred a final investment decision over the field.