Jump to content



Recommended Posts


I was partly right.

There is a push for a royal comission into the energy retailers, but it has come from the new Prime Misister.


Prime Minister Scott Morrison says he has an open mind about the possibility of a royal commission into the energy sector, an idea floated by Home Affairs Minister Peter Dutton during his abortive push for the Liberal leadership.


Mr Morrison said he did not want a royal commission "at this point" but would consider it because he agreed with the argument that power companies were as bad as the banks.SMH


And right on cue, Bill Shorten backs him up.


Bill Shorten says any royal commission into energy prices must include an analysis of whether privatisation of electricity assets has caused prices to go up.


The Labor leader was responding to comments from Prime Minister Scott Morrison, who this morning said he agreed with his Energy Minister Angus Taylor that the big energy companies are as bad as the big banks and that he is open to a royal commission into the power industry.


The Australian


You can just about guarantee it will happen now.


There will be horse trading - ,Sco Mo will support a RC into energy co's if Bill supports something he wants.




Link to comment
Share on other sites

  • 3 weeks later...
  • Replies 665
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

SEPTEMBER 21 2018 - 11:34AM

Jemena signs Mount Isa gas deal with Santos

Energy companies Jemena and Santos have signed a new contract on Friday to ship gas across the new Northern Gas Pipeline from the Northern Territory to Mount Isa.


The value of the contract has not been disclosed but the deal delivers Santos eight terajoules of Northern territory gas a day which will be used to provide energy for mining and mineral processing operations in the Mount Isa region........

read more - https://www.northweststar.com.au/story/5660...al-with-santos/


Link to comment
Share on other sites

BUZZ-Australia's energy index surges as oil prices rally

** Australia's energy index <.AXEJ> jumps 2.4 pct to a near 1-1/2 month high

** Oil and gas explorers Santos , Beach Energy and Woodside Petroleum lead gains, rise in range of 2 pct to 4.1 pct

** Oil prices rally as after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply [O/R]

** Santos and Woodside each hit more than 3-year highs


STO up 3.02% @ $7.345




Link to comment
Share on other sites

  • 2 months later...

Not sure how big Curtis Island is and whether STO's storage facility on Curtis Island is in the fire's path.


PREPARE TO LEAVE 11:55AM 3/12 | The Curtis Island bushfire is Watch and Act.


Queensland Fire and Emergency Services (QFES) advises there is a bushfire in Curtis Island and conditions could get worse.


You need to be ready to follow your bushfire survival plan. If you do not have a plan, or intend to leave, you should be ready to leave the area because the situation could get worse quickly.


Currently as at 11.55am Monday 3 December, an unpredictable fire is travelling from Reserve Esplanade, in the northern part of the island, in a northerly direction towards the coastline. The fire is likely to impact this area.




Hope everyone remains safe


Map here

The four LNG projects are all located in the Curtis Island Industry Precinct of the Gladstone State Development Area (GSDA). This is the dark purple area at the south western end of the island on the first map below. The second map shows the LNG plant locations.


Link to comment
Share on other sites

  • 10 months later...
Santos oil strike

By Lucy Battersby

Shares in Santos are up 2 per cent to $7.50 after it reported stronger than expected oil flows from its Dorado-3 well in Western Australia. Testing indicates a potential flow of 30,000 barrels of oil each day from what is known as the Caley reservoir.


The oil discovery is in Commonwealth waters about 160 kilometers north of Port Hedland in an areas in which Santos has an 80 per cent stake and Carnarvon Petroleum holds the remaining 20 per cent. Shares in Carnarvon are up 7.9 per cent to 41Ãâہ¡ÃƒÆ’‚¢ today.


Santos will extract the oil then plug and abandon the reservoir.



Link to comment
Share on other sites

14 October 2019

Acquisition of ConocoPhillipsâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢ northern Australia interests

Key Highlights

ïâ€Å¡Ãƒ‚· Acquisition of ConocoPhillipsâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢ northern Australia business with operating interests in

Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a

$75 million contingent payment subject to FID on Barossa

ïâ€Å¡Ãƒ‚· Value accretive acquisition of operating interests in long-life, low cost natural gas assets

and strategic LNG infrastructure consistent with Santos' core asset growth strategy

ïâ€Å¡Ãƒ‚· Fully funded from existing cash resources and new committed debt

ïâ€Å¡Ãƒ‚· Materially accretive: ~16% expected earnings per share accretion and ~19% EBITDAX

accretion in 20201

ïâ€Å¡Ãƒ‚· Increases pro-forma production by ~25%, pro-forma 2P reserves by ~5% and pro-forma

2C contingent resources by ~27%2

ïâ€Å¡Ãƒ‚· Reduces forecast 2020 free cash flow breakeven oil price by ~US$4 per barrel

ïâ€Å¡Ãƒ‚· Targeting pre-tax synergies of US$50-75 million per annum (excluding integration and

other one-off costs) driven by Santos operatorship and efficiencies

ïâ€Å¡Ãƒ‚· Acquisition delivers operatorship and control of strategic LNG infrastructure with growth


ïâ€Å¡Ãƒ‚· Acquisition advances and supports Santosâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢ goal of taking Barossa FID by early 2020.

Santos is prepared to sell down equity in Barossa and Darwin LNG to a target ownership

of 40-50% to achieve increased partner alignment

ïâ€Å¡Ãƒ‚· Barossa partner SK E&S is highly supportive and has signed a Letter of Intent to acquire a

25% interest in Bayu-Undan and Darwin LNG

ïâ€Å¡Ãƒ‚· Santos is also in discussions with existing Darwin LNG joint-venture partners for equity in

Barossa and in advanced discussions with LNG buyers for Barossa offtake volumes,

including with an existing partner in Darwin LNG


FWIW - UBS rates STO as Neutral


Santos will acquire ConocoPhillips' northern Australian assets for $1.39bn. The transaction will be funded from free cash flow and $750m in new debt facilities as well as a 25% equity sell-down of Bayu-Undan and Darwin LNG.


The transaction increases forecast production by 12% and UBS estimates the acquisition will deliver 9% upside to operating earnings (EBITDA) in 2020. Neutral rating maintained. Target rises to $8.10 from $7.20.



Link to comment
Share on other sites

  • 11 months later...



Santos has won conditional state environmental approval for its controversial $3.6 billion Narrabri gas project in northern NSW but opponents have immediately vowed to ramp up their battle to prevent it ever going ahead.


The ruling from the NSW Independent Planning Commission, which dictates a phased development under 134 conditions, sits neatly with the federal government's push for a gas-led economic recovery.



The ruling effectively dictates the future of the gas industry in the state, influencing whether NSW can develop its own plentiful coal seam gas resources or whether it will rely on imports from Queensland, South Australia and overseas for future supplies.





local people isn't happy about. but it is in line with Scotmo's "gas economy"!!



Link to comment
Share on other sites



Australian Workers’ Union national secretary Daniel Walton said the Narrabri project would ensure NSW was provided with lower gas prices, which would mean cheaper electricity for households.


“Our union has never accepted the false choice between gas and renewables – you need the reliability of the former to allow the latter to flourish,†he told the media.




union gonna make Scotmo happy this time, what about water front union??? :lol:



Link to comment
Share on other sites

  • 3 months later...
  • 2 months later...

Santos has given the go ahead to its $4.7 billion Barossa gas project north of Darwin after its plans were put on hold last year amid the coronavirus driven market crash. The green light for the offshore gas and condensate project also kickstarts a $US600 million ($786 million) investment in the Darwin LNG plant's life extension and pipeline projects, which will extend the facility life for around 20 years, Santos said.


The decision to go ahead was by Santos' decision last week to approve the most crucial part of the spend ... the FPSO vessel construction and operation contract to BW Offshore.


The field will be developed via an FPSO with six subsea production wells, infield facilities, and a gas export pipeline tied into the Bayu Undan to Darwin pipeline system that supplies gas to Darwin LNG.



Santos CEO Kevin Gallagher said Barossa would be one of the lowest cost, new LNG supply projects in the world and would give Santos and Darwin LNG a competitive advantage in a tightening global LNG market.


Santos said the project represented the biggest investment in Australia's oil and gas sector since 2012.


Barossa and Darwin LNG life extension will create 600 jobs throughout the construction phase and secure 350 jobs for the next 20 years of production at the Darwin LNG facility.


Less than a year since we completed the acquisition of ConocoPhillips' northern Australia and Timor-Leste assets and despite the global economic impact of a once-in-a-hundred-year pandemic, it is a great achievement to have extended the life of Bayu-Undan following the approval of the infill drilling program and now to have taken FID on the Barossa project....


I would like to thank the Australian, Northern Territory and Timor Leste governments, our joint venture partners and our customers for their support, he said.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...