Petrobras Releases E&P Teaser in Santos Basin Source: www.gulfoilandgas.com 8/10/2020, Location: South America Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of 50% to 100% of its stake in the BM-S-51 concession with hand-over the operation, located in the Santos Basin, in the pre-salt polygon. Power is the National COVID-19 Co-ordination Commission chair. CIMIC boosts order book by $180m. It supplies natural gas to Australian, Indonesian and other Asian markets, and develops oil and liquids businesses in Australia, Indonesia and Vietnam. Strike Energy has signed an agreement with ASX-listed Talon Petroleum, which will begin drilling the Walyering appraisal well in the Perth basin next year. A Perth company that has developed a digital trading platform for the global LNG market has secured financial backing from Shell, Tattarang Group and Woodside Petroleum. That is if the Australian Government goes through with a proposal to underwrite new gas pipelines and the supporting infrastructure to reduce the cost of energy for Aussie companies and households.This is the recommendation made by the appropriately named Nev Power. UPDATED: Seven companies including Woodside, BHP and ATCO Australia have been shortlisted to share in the next stage of ARENA’s $70 million Renewable Hydrogen Development Funding. From its 15 January 2020 high of $9.00 per share, the Santos share price crashed 69% to its low on 19 March. Adelaide-based Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas. Many companies, including Santos, had made investments in new oil and gas projects under the assumption that global oil prices would remain above $60 per barrel.
Origin Energy will book impairments of $1.2 billion after tax, joining other energy majors that have cut the value of their assets after a coronavirus-induced drop in oil and gas prices. Oil and gas producer Santos Ltd‘s share price is still well down for the year. Santos Ltd on Tuesday increased its forecast for 2025 production by 20% underpinned by oil and gas projects it plans to develop in Australia and Papua New Guinea.
Santos has confirmed the presence of a significant natural gas resource at the Barikewa-3 well located in permit area PRL9, onshore Papua New Guinea. We are committed to creating a positive legacy in the communities where we operate through targeted community and social initiatives. Following several years writing about the tourism industry in the Caribbean, he moved to The Netherlands to cover the EU’s booming commercial real estate markets. Oil and Gas Today is a leading source of news, features and expert opinion on the Australian oil and gas industry. For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214Bernd Struben earned his economics degree in the US. The Santos Ltd share price is up 31% for the year and could be considered a buy at current levels, based on earnings and dividends.. Background on Santos.
Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. Chevron may need to temporarily halt production at its Gorgon gas plant after being ordered by government regulators to undertake further inspections and repairs. Adelaide-based Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas. The Motley Fool Australia operates under AFSL 400691. Cooper Energy says it and Japan's Mitsui Group will invest $37 million to upgrade the Minerva Gas Plant near Port Campbell, Victoria to process gas from four existing offshore gas wells. However, Santos is looking for ways to extend the life of Bayu-Undan. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! In his free time, you’re likely to find Bernd at the beach or dabbling away on a new work of science fiction.When investing expert Scott Phillips has a stock tip, it can pay to listen. The new forecast now projects output will rise by 8% a year during the period.To help spur that growth, Santos, Australia's second-biggest independent gas producer, will ramp up capital spending in 2020 by 45% from this year to $1.45 billion.The extra spending will be on its Barossa gas project off Darwin, where it aims to reach a go-ahead decision by March 2020, the Dorado oil project off Western Australia and an expansion of the PNG LNG (liquefied natural gas) plant.Santos Chief Executive Kevin Gallagher contrasted those projects with the company's $18.5 billion Gladstone LNG (GLNG) project that suffered hefty writedowns and is producing at only 77% of capacity four years after starting up.
Origin Energy will book impairments of $1.2 billion after tax, joining other energy majors that have cut the value of their assets after a coronavirus-induced drop in oil and gas prices. Oil and gas producer Santos Ltd‘s share price is still well down for the year. Santos Ltd on Tuesday increased its forecast for 2025 production by 20% underpinned by oil and gas projects it plans to develop in Australia and Papua New Guinea.
Santos has confirmed the presence of a significant natural gas resource at the Barikewa-3 well located in permit area PRL9, onshore Papua New Guinea. We are committed to creating a positive legacy in the communities where we operate through targeted community and social initiatives. Following several years writing about the tourism industry in the Caribbean, he moved to The Netherlands to cover the EU’s booming commercial real estate markets. Oil and Gas Today is a leading source of news, features and expert opinion on the Australian oil and gas industry. For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214Bernd Struben earned his economics degree in the US. The Santos Ltd share price is up 31% for the year and could be considered a buy at current levels, based on earnings and dividends.. Background on Santos.
Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. Chevron may need to temporarily halt production at its Gorgon gas plant after being ordered by government regulators to undertake further inspections and repairs. Adelaide-based Santos has reported an 18 per cent drop in second-quarter revenue due to lower realised prices for its oil and gas. The Motley Fool Australia operates under AFSL 400691. Cooper Energy says it and Japan's Mitsui Group will invest $37 million to upgrade the Minerva Gas Plant near Port Campbell, Victoria to process gas from four existing offshore gas wells. However, Santos is looking for ways to extend the life of Bayu-Undan. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! In his free time, you’re likely to find Bernd at the beach or dabbling away on a new work of science fiction.When investing expert Scott Phillips has a stock tip, it can pay to listen. The new forecast now projects output will rise by 8% a year during the period.To help spur that growth, Santos, Australia's second-biggest independent gas producer, will ramp up capital spending in 2020 by 45% from this year to $1.45 billion.The extra spending will be on its Barossa gas project off Darwin, where it aims to reach a go-ahead decision by March 2020, the Dorado oil project off Western Australia and an expansion of the PNG LNG (liquefied natural gas) plant.Santos Chief Executive Kevin Gallagher contrasted those projects with the company's $18.5 billion Gladstone LNG (GLNG) project that suffered hefty writedowns and is producing at only 77% of capacity four years after starting up.