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Latest developments at Santos Australia

Latest developments at Santos Australia

Santos Australia is the ‘Energy Pioneer’ of Australia. Dealing in the supply of natural gas to the Australian and Asian Continents, this company was established in the year 1954.

With a large portfolio working in the Natural Gas and Exploration & Production sector, Santos has a strategic infrastructure position in Papua New Guinea as well. Focused on the sustainability of business operations, let us learn what’s new at Santos.

Recent developments at Santos

  1. Increase in Company Profit

Santos has doubled its half-year underlying profit to $217 million.

  1. Santos acquires Quadrant Energy

In a 2.15 billion USD deal, Santos acquired Quadrant Energy in complete measure.

Sharing his vision about this acquisition, Santos MD & CEO said, “This acquisition delivers increased ownership and operatorship of a high-quality portfolio of low cost, long-life conventional Western Australian natural gas assets which are well known to Santos, and importantly significantly strengthens Santos’ offshore operating capability.”

  1. Sum of $75,000 to drought-affected farmers

Farmers of the Queenland, New South Wales were hit severely by drought and Santos decided to help them in their ordeal by donating a sum of $75,000 to two organization: Narrabri Lions Club and Foundation for Rural & Regional Renewal.

This is what the MD & CEO, Mr. Kevin Gallagher had to say about this: “As a proudly Australian company that’s worked in partnership with NSW landholders, it’s only right to lend a hand.”

Not only Santos granted this fund but the MD & CEO mentioned that more than $40,000 generated through the sale of Santos cattle shall also be donated to the drought relief fund.

Liked this blog?

You might be interested in knowing about:

  1. How to bid for tenders released by Santos?
  2. How can you apply to various jobs floated by Santos?
  3. Santos’ CSR Initiatives, and
  4. Santos’ Work Culture.

For more updates about global oil and gas companies, browse through a plethora of articles published regularly in our insights section.

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