Category: Santos
-
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…
-
$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos
$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos. The post…
-
$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue
$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company…
-
$19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks
$19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks With a six-week exclusive due diligence period in effect, Australia’s energy player Santos has kicked off negotiations concerning an $18.7 billion non-binding indicative offer for all its shares with a consortium led by XRG, a subsidiary of Abu Dhabi National Oil…
-
Santos’ hook-up of new well to existing gas hub offshore Australia gets the all-clear
Santos’ hook-up of new well to existing gas hub offshore Australia gets the all-clear Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable it to bring online a new well off the coast of Australia to bolster gas production from existing assets. The post Santos’…
-
PNG LNG getting more gas thanks to new project coming online
PNG LNG getting more gas thanks to new project coming online Australia’s energy giant Santos has completed its two-well project forming part of an integrated development to commercialize the gas resources of Papua New Guinea. The post PNG LNG getting more gas thanks to new project coming online appeared first on Offshore Energy. Dragana Nikše…
-
McDermott picks up ‘largest’ decom job in its history
McDermott picks up ‘largest’ decom job in its history McDermott has lined up its next multimillion-dollar decommissioning assignment off the coast of Australia, which is said to represent the firm’s largest secured project of this kind. The post McDermott picks up ‘largest’ decom job in its history appeared first on Offshore Energy. Melisa Čavčić Go…