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Santos and its subsidiaries are engaged in petroleum exploration; the production, treatment and marketing of natural gas, crude oil, condensate, naphtha and liquid petroleum gas; and the transportation by pipeline of crude oil. More
Friday, Jun 76:01 PMBetter get your story straight: Murphy Oil (MUR) says an exploration well drilled in the Browse basin off Western Australia will be plugged and abandoned after failing to find commercial amounts of gas, and expects to expense the well in Q2. Australian partner Santos (STOSF.PK) had said a few hours earlier that it considered the well a discovery. Total (TOT) holds a 50% interest in the well, Santos 30%, MUR 20%. |Friday, Jun 76:01 PM| 1 Comment
Tuesday, Feb 2610:10 AMUBS sees iron ore prices slumping at least 50% by Q3 to their lowest level since 2009, as China boosts production and global supply climbs. Australia is set to deliver ~80% of total new seaborne supply this year, most of it in H2 as China has “sufficient” ore and steel production declines. But first, rates may jump as a severe cyclone nears Port Hedland, the world’s largest bulk export facility. |Tuesday, Feb 2610:10 AM| Comment!
Friday, Feb 228:33 AMThe risk is high that a tropical low off Australia's northwest coast will strengthen into a cyclone by Sunday as it moves closer to the Pilbara mining belt which produces nearly half of the world's seaborne iron ore. The area also is home to two of the country's largest gas production facilities, and oil from offshore fields contribute about a third of Australia's 390K bbl/day of output. |Friday, Feb 228:33 AM| Comment!
Thursday, Jun 72012, 9:54 AMConocoPhillips (COP +1.5%) and Australia's Santos Ltd. sell minority stakes in the Caldita and Barossa gas discoveries offshore Australia for up to $520M to South Korea's SK Group, moving a step closer a possible expansion of the operational liquefied natural gas export plant at Darwin. Santos recently has been the subject of takeover chatter. |Thursday, Jun 72012, 9:54 AM| Comment!