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Santos credit rating safe for now, says Standard & Poor's

2015-02-04 11:17:42| Energy - Topix.net

Santos is in no immediate danger of a further cut to its credit rating despite last month's downgrading of crude oil prices, Standard & Poor's has declared. But S&P senior director Craig Parker said moves Santos had already taken to cut spending and add $1 billion of debt funding has put it on the way to achieving the financial ratios it needs for its negative outlook to be removed.

Tags: rating standard credit safe

 

Inpex to transfer 10% of stake in East Malaysian offshore block to Santos

2015-02-02 01:00:00| Offshore Technology

Inpex has agreed to transfer 10% of its participating interest in the Deepwater Block R, offshore East Malaysia, to Santos Sabah Block R.

Tags: to east transfer block

 
 

ExxonMobil, Oil Search and Santos inch closer to PNG LNG expansion

2015-01-19 12:44:13| Oil & Gas - Topix.net

Expansion of the giant PNG LNG project in Papua New Guinea moved a step closer when ExxonMobil and Oil Search agreed on a construction timeline with the local government. The deal would see a final decision on building a third LNG processing train, or plant, taken as soon as possible but no later than "the end of 2017", the companies said.

Tags: search oil expansion inch

 

Atlanta Field, Block BS-4, Santos Basin

2015-01-19 01:00:00| Offshore Technology

Atlanta Field is a post-salt oil field located 185km off the coast of Rio de Janeiro in Block BS-4 of Santos Basin, at a water depth of 1,550m. First production from the field is expected in mid-2016.

Tags: field block atlanta santos

 

Santos seen worthless at current oil price

2015-01-07 10:08:54| Energy - Topix.net

While energy stocks have been hammered by the sharp dive in the oil price, their share prices suggest investors aren't expecting crude will stay this cheap forever. A theoretical exercise by Credit Suisse equity analysts has made the startling finding that Santos' equity is worthless when current oil prices and foreign exchange rates are assumed to persist for ever.

Tags: price current oil santos

 

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