Tag: STO
Rusal takes legal action against Rio Tinto, Santos meets resistance over gas project and Crown on verge of Sydney launch
Russian company Rusal has taken legal action against Rio Tinto (ASX: RIO) to take back access to its share of alumina produced under a joint venture at a Queensland refinery.
Rio Tinto owns 80% of ...
Big-name investors, politicians embracing oil and gas, as price tipped to surge
Follow the money (and follow the politics) because this week’s hot advice is that when it comes to investing in energy, money and politics are heading in the same direction and it’s not all about wind...
Santos to take operatorship of oil and gas permit where NeuRizer holds 20% stake
Emerging urea producer NeuRizer (ASX: NRZ) has unveiled a farm-in deal that will see major Santos (ASX: STO) earn a 50% stake and take operatorship of an oil and gas permit, which NeuRizer owns 20% of...
Gas prices boom as Russia upends the energy market
Oil and gas might not be everyone’s favourite asset class, but when it’s the hottest ticket in town it’s hard to ignore – especially when potential profit-making anomalies emerge.
Geologists in par...
Ramsay Health Care receives takeover bid, Westpac fined again, iron ore giants miss production targets
Investors in Ramsay Health Care (ASX: RHC) are buoyant this week after news was released global private equity giant KKR & Co Inc have launched a $20 billion takeover of the institution.
Since ...
Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil...
Gina Rinehart puts oil and gas back in the investment frame
Follow the money is always good advice, as is invest like the rich, so when you combine money and an unfashionable investment by an ultra-rich person such as iron ore billionaire Gina Rinehart, you co...
West coast gas sector heats up as companies rush North Perth Basin
Politically incorrect as it might be to invest in oil and gas there is a yawning value gap opening between share prices and a record international price for natural gas, with a bonus in the form of a ...
Value gap opens as oil price recovers but stocks stay down
“Oil, oil and more oil,” sounds like an investment tip from 100 years ago and not last week, but that’s what Jeff Currie is advising and he’s the commodity guru at the world’s leading investment bank,...
Santos takes another slice of northern Australia with Armour Energy farm-in
Following yesterday’s multi-billion-dollar deal with ConocoPhillips, Santos (ASX: STO) is snapping up more oil and gas assets in northern Australia under a proposed farm-in with junior explorer Armour...
Santos snaps up ConocoPhillips LNG assets for $2bn
Australian gas major Santos (ASX: STO) has inked a US$1.39 billion (A$2.05 billion) deal to buy the northern Australian oil and gas assets of global energy giant, ConocoPhillips.
Santos said the de...
Drilling of Dorado-3 well confirms production potential for Carnarvon Petroleum
Initial flow testing of the Dorado-3 appraisal well within the offshore Dorado oil and gas field shared by Carnarvon Petroleum (ASX: CVN) and Santos (ASX: STO) has confirmed the Caley reservoir is cap...
Red Sky Energy partners with Santos to develop Innamincka Dome oil and gas project
Australian oil and gas explorer and developer Red Sky Energy (ASX: ROG) has entered into a farm-out and joint operating agreement with Santos (ASX: STO) to progress its Innamincka Dome licences in Sou...
Key Petroleum inks Cooper Basin gas processing MoU with Santos and Beach Energy
Australian oil and gas junior Key Petroleum (ASX: KEY) has inked a deal with Santos (ASX: STO) and Beach Energy (ASX: BPT) to link its wholly-owned Tanbar gas project to the majors’ Cooper Basin gas g...
Real Energy secures processing deal with Australian gas majors
Cooper Basin-focused explorer Real Energy (ASX: RLE) has locked in deals with two Australian oil and gas majors to process gas from its flagship Windorah project in Queensland for sale in the east coa...
