ASX Announcements
This Month
Corporate raiders oust CEO, board of Carnarvon Energy
Nero Resources Fund and Collins St Asset Management staged the regime change after frustrations over the handling of an offshore gas project majority-owned by Santos.
- Updated
- Elouise Fowler
- Exclusive
- Chanticleer CEO poll
CEOs warn red tape, higher rates holding back investment
The country’s top energy and resources leaders say stresses from higher financing costs are being compounded by activism and unfriendly government policies.
- James Thomson and Anthony Macdonald
Santos secures drilling approval for Barossa gas project
The approval will allow Santos to resume drilling at the Barossa field in the Timor Sea, which it had to suspend last year after a successful legal challenge by a Tiwi Islander.
- Angela Macdonald-Smith
Ex-Santos exec fires up $425m waste-to-hydrogen plan
Greenhill Energy is preparing to raise capital for a multistage plant to turn waste into fertiliser, hydrogen and synthetic fuels.
- Simon Evans
‘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
- Exclusive
- Environmental protection
Unions line up to back offshore gas against environmental activists
The AWU and MUA say vulnerabilities in Australia’s approvals regime are being exploited to stop or delay major projects and must be changed to save jobs.
- Angela Macdonald-Smith
Westpac boss to fly to Tiwi Islands to discuss Santos project
After a four-hour AGM in Brisbane, Peter King has committed to visiting the Tiwi following concerns about consultation on Santos’ Barossa project.
- James Eyers
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
The Crocodile Man stands in the way of Santos’ $5.8b gas dream
Disputed beliefs among Tiwi Islanders about paths taken by Dreamtime figures are central to an environmentalist-backed fight against the Barossa development.
- Angela Macdonald-Smith
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
