Tag Archives: Santos

The Santos Ltd (ASX: STO) share price has been a laggard compared to other ASX shares in 2021. But now the company is much bigger, does that mean better?

The finalisation of Santos’ $22 billion merger with Oil Search extends the wave of consolidation sweeping across the global oil and gas sector amid heightened climate risks.

Newly enlarged Santos has listed its shares on the Papua New Guinea stock exchange and announced a new chief financial officer as it prepares to start integrating Oil Search’s assets.

The merged Santos-Oil Search will have “unrivalled” growth opportunities and a stronger platform to navigate the transition to low carbon energy, Santos chief executive Kevin Gallagher said after the deal became effective.

Questions raised around claimed emissions reductions at massive Morrison government backed CCS project, that may increase fossil fuel use.

The $21 billion merger between Santos and Oil Search appears in little doubt after all major proxy advisers recommended Oil Search shareholders back it.

All-Weather Model Portfolio-Conviction Calls-Research To Download By Rudi Filapek-Vandyck, Editor FNArena

Santos’ $21 billon merger with Oil Search faces another slight delay after the PNG court again deferred the date for the first court hearing.

The one-day delay in a court hearing for the deal in Papua New Guinea will push back the timing for the release of an independent expert’s report into the merger.

Santos and joint venture partner Beach Energy say the Moomba plan has been successfully registered with the Clean Energy Regulator allowing it to qualify for carbon credits over a 25-year period. Santos Chief Executive Kevin Gallagher described the project as globally significant.