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STO, SANTOS LIMITED
nipper
post Posted: Apr 3 2021, 11:13 AM
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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.

QUOTE
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.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
nipper
post Posted: Jan 22 2021, 10:09 AM
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In Reply To: early birds's post @ Oct 1 2020, 09:12 AM

from the front page

Short-Term Gain, Longer-Term Pain for Santos, Woodside


https://www.sharecafe.com.au/2021/01/21/sho...antos-woodside/



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
early birds
post Posted: Oct 1 2020, 09:12 AM
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In Reply To: early birds's post @ Sep 30 2020, 09:33 AM

https://www.sharecafe.com.au/2020/10/01/san...or-gas-project/

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.

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union gonna make Scotmo happy this time, what about water front union??? lmaosmiley.gif



 
early birds
post Posted: Sep 30 2020, 09:33 AM
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https://www.afr.com/companies/energy/santos...20200929-p560dz

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.


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



 
blacksheep
post Posted: Oct 15 2019, 01:31 PM
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14 October 2019
Acquisition of ConocoPhillips’ northern Australia interests
QUOTE
Key Highlights
 Acquisition of ConocoPhillips’ 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
ï‚· 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
ï‚· Fully funded from existing cash resources and new committed debt
ï‚· Materially accretive: ~16% expected earnings per share accretion and ~19% EBITDAX
accretion in 20201
ï‚· Increases pro-forma production by ~25%, pro-forma 2P reserves by ~5% and pro-forma
2C contingent resources by ~27%2
ï‚· Reduces forecast 2020 free cash flow breakeven oil price by ~US$4 per barrel
ï‚· Targeting pre-tax synergies of US$50-75 million per annum (excluding integration and
other one-off costs) driven by Santos operatorship and efficiencies
ï‚· Acquisition delivers operatorship and control of strategic LNG infrastructure with growth
potential
 Acquisition advances and supports Santos’ 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
ï‚· 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
ï‚· 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

QUOTE
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.

https://www.shortman.com.au/stock?q=sto
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Oct 8 2019, 10:57 AM
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QUOTE
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 41¢ today.

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


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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Dec 3 2018, 03:32 PM
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Not sure how big Curtis Island is and whether STO's storage facility on Curtis Island is in the fire's path.

QUOTE
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.


https://www.4ro.com.au/news/local-news/1158...island-bushfire

Hope everyone remains safe

Map here
QUOTE
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.

https://www.cccqld.org.au/curtis.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 25 2018, 01:47 PM
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In Reply To: blacksheep's post @ Sep 24 2018, 11:01 PM

QUOTE
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

https://www.shortman.com.au/stock?q=sto
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 24 2018, 11:01 PM
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Posts: 6,791
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SEPTEMBER 21 2018 - 11:34AM
Jemena signs Mount Isa gas deal with Santos
QUOTE
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/
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Sep 4 2018, 02:56 PM
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In Reply To: mullokintyre's post @ Aug 27 2018, 11:46 AM


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.

QUOTE
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.

QUOTE
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.

Mick




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sent from my Olivetti Typewriter.
 
 


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