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STO: Santos responds to media speculation
Company Administration - Other
- Dec 7, 2023
- 1 page
This Month
Allkem shareholders green-light $9.7b Livent merger
The merged group will have the capacity to produce and process lithium in Argentina, Canada, the US, Australia, Japan, and China.
- Updated
- Elouise Fowler
‘Don’t do it’: Woodside investors baulk at Santos tie-up
Portfolio managers are understood to have voiced concerns to chairman Richard Goyder and senior management that a merger just for scale doesn’t make sense.
- Angela Macdonald-Smith
Greenpeace takes Woodside to court alleging greenwashing
The environmental activists allege the oil and gas producer is misrepresenting its emission reduction efforts because it relies on carbon offsets.
- Updated
- Angela Macdonald-Smith
AEMO sharpens warnings on WA gas shortfall
Uncertainty around the timing of new gas developments is worsening the risk of shortages in the West Australian market, the energy market operator said.
- Angela Macdonald-Smith
Santos could draw global interest amid Woodside talks
Expectations of global interest in Santos came as CEO Kevin Gallagher told staff Woodside had approached Santos several times over the past year or so.
- Angela Macdonald-Smith
Carnarvon Energy board under siege from angry investors
Big investors joined forces in a bid to oust long-serving Carnarvon Energy leaders, amid tensions over the future of a major Santos-controlled offshore gas project.
- Brad Thompson
Activist pressures weigh on Santos’ PNG growth
Slow work on financing the $US12 billion Papua LNG project come as ExxonMobil voices ambitions for further major gas growth tapping the Wildebeest prospect.
- Angela Macdonald-Smith
PNG says it wants priority in Woodside Energy-Santos merger
The comments from Kerenga Kua, the country’s petroleum minister, came as the companies opened virtual data rooms ahead of several weeks of due diligence.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Woodside, Santos $80b merger a game of stockmarket multiples
If Woodside is going to pull this off, it needs to convince Santos shareholders that the deal will bring them risk-free riches if they are a bit patient.
- Anthony Macdonald
Game on: would-be merger partners Santos, Woodside prep data rooms
With data rooms only now open, due diligence is yet to begin in earnest.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Woodside and Santos merger steered by petrolheads
In the Woodside-Santos merger discussions, Woodside has been codenamed “Max”, while Santos is “Lewis”.
- Myriam Robin
Woodside hits back at Forrest over attack on CEO
Federal resources minister Madeleine King and Woodside have blasted mining billionaire and green energy advocate Andrew Forrest over an attack on Meg O’Neill.
- Brad Thompson
Santos investors demand premium in Woodside mega-merger
Creating an $80 billion Australian “champion” with real clout on the global LNG stage faces a big challenge as Santos investors demand a decent premium.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Woodside-Santos merger could arrive with a skinny premium
Big scrip-based energy deals have been struck on very low premiums in the past three years. Expect the Woodside-Santos talks to proceed along the same lines.
- Updated
- James Thomson
Santos-Woodside’s skinny premium; Aussies’ COP mess; RBA’s tweak
Read everything that’s happened in the news so far today.
Santos, Woodside bosses met in recent weeks, deal ‘5pc’ advanced
The nascent talks have included at least one in-person meeting between Woodside CEO, Meg O’Neill, and her counterpart at Santos,
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Updated
- Mergers & acquisitions
Santos, Woodside in talks on $80b oil, gas merger
The two companies have confirmed that they had entered preliminary discussions, in a surprise move that reflects a global trend of consolidation in the sector.
- Angela Macdonald-Smith
Santos weighs demerger among options amid merger talks
The company and its advisors are working through other options in line with the demands of some of its major shareholders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Woodside-Santos merger makes sense. Now for the hard part
Global energy giants have got even bigger in 2023, and doubled down on fossil fuels. A merger between Woodside and Santos would create a national champion to stand among them.
- James Thomson
Woodside and Santos exploring merger
Both organisations have been considering the implications and logistics of any such deal, but declined to comment on “speculation”.
- Updated
- Myriam Robin
