Oil Search shareholders have voted in favour of a proposed merger with Santos, clearing the way to form a top 20 global oil and gas entity. Kim has more than 20 years experience in a number of senior executive roles across Australia and internationally. ", Some analysts believe Santos is stretching itself thin following the Quadrant takeover.Credit: Rob Homer. He added: The revised merger proposal represents an extremely attractive opportunity to deliver compelling value accretion to both Santos and Oil Search shareholders. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Under the terms of the bond, neither of them were required to provide any funds for Santos' release -- only to be financially responsible "if the defendant does not comply with the conditions" of his release. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Oil Search also owns a stake in the separate Papua LNG project operated by TotalEnergies SE (TTEF.PA), which plans to share facilities with PNG LNG. Shareholder information View shareholder information. She held a senior role in federal resources and energy policy and politics for seven years, and over more than a decade has built a successful government approvals and environmental management consultancy, serving some of Australias biggest resource companies and delivering major project approvals for some of the nations biggest gas and pipeline projects. He has over 30 years of experience in the upstream oil and gas industry, both in Australia and overseas, with technical, operational, commercial and management experience across varied assets, onshore and offshore. $, 402 181 Daily news and in-depth stories in your inbox, The maritime sector is not only subject to rapid technological developments and digitization, but also to new legislation and strict environmental requirements.
Oil Search, Santos close to deal to create top 20 global oil firm Mr Wilson added that Santos hadn't overpaid for the assets. Produced by Rob Szypko , Asthaa Chaturvedi . Many holders have been buying on market, or participated in the recent capital raising. Analysts believe Santos may try to sell some of its PNG LNG stake to Total, noting that Santos had flagged a "potential opportunity to further optimise ownership across PNG LNG and Papua LNG".
Stock summary - Australian Stock Market - Small Caps $. Janette has served on the Climate Advisory Panel for the Minerals Council of Australia, and the Boards of the Queensland Resources Council, NSW Minerals Council and Low Emissions Technology Australia. The merger will create a top-20 global oil and gas producer, with production in Australia and Papua New Guinea and with the oil project in Alaska. Santos, Australia's second-largest independent gas producer, hiked its offer by 6.5% to 0.6275 new Santos shares for each Oil Search share from 0.589, which had been rejected in June by the Papua New Guinea-focused oil and gas producer. Santos, who has been accused of misrepresenting large swaths of his employment record, his education, and his family history, has admitted that he lied about portions of his background while running for Congress. "We're happy. Shareholders saw these latest results as a return to form for Santos. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Santos and Oil Search merger becomes effective | Santos UBS believes, for an all-scrip deal to be pursued, the Santos share price would need to lift from the July 20 close of $6.49, and/or the company may need to offer a higher scrip ratio. Angus Jaffray EXECUTIVE ADVISER BA (Hons) Geography, MBA Kim Lee EXECUTIVE VICE PRESIDENT, PEOPLE, CULTURE & BRAND Bachelor of Science (Biological) Bart Lismont EXECUTIVE VICE PRESIDENT MAJOR PROJECTS BEng (Mechanical), MBA Anthea McKinnell CHIEF FINANCIAL OFFICER BComm Accounting and Taxation, FCA, GAICD Anthony Neilson CHIEF COMMERCIAL OFFICER Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. However, Oil Search rejected the bid on the grounds of the proposal not having offered appropriate value for its shareholders. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Friday's appearance comes a week after it was revealed that Santos' father and aunt guaranteed his $500,000 bond, according to court documents that were unsealed over the congressman's objection. $, 82 433
The Institute for Energy Economics and Financial Analysis investment analyst Bruce Robertson said the acquisition would be a major test for the Australian Competition and Consumer Commission (ACCC). read more .
SANTOS LIMITED : Shareholders Board Members Managers and Company Over [], Subsea 7s offer to acquire DOFs entire issued share capital about to expire, Petrobras discovers hydrocarbons in Brazils Santos Basin, Kumuls PNG LNG offer to remain open until end of August, Experienced master for Aramco/Adnoc projects, Santos offers better deal to Oil Search in push to create top 20 global oil firm, Santos bid to form $16 bln regional powerhouse rejected by Oil Search, unanimously recommend the revised merger proposal, Oil & gas with LNG as centrepiece getting a $40 billion slice of Shells investment pie, SBM Offshore wraps up $1.62 billion financing with 12 banks for Brazil-bound FPSO, Santos underpins its Bayu-Undan CCS project with four CO2 supply deals, DP World powers up Port of Santos, Brazil. The most powerful knowledgebase mapped from 20 years of research and insight into every WA It was the first court appearance since the embattled Republican congressman pleading not guilty last month to a 13-count indictment accusing him of fraud, money laundering and theft of public funds. Grant Samuel calculated the value of Oil Search at $4.40 to $5.42 a share, excluding merger synergies, assuming oil prices that trend down to $US54 to $US64 a barrel by 2026. Bruce holds a bachelors degree in Petroleum Engineering from the University of Wyoming and a Master of Business Administration from Duke University, where he was named a Fuqua scholar.
In addition, the proposal represents the opportunity to deliver compelling value accretion to both sets of shareholders. Not quite ready to subscribe? The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG . Check if your UK oil & gas firm bolsters its position by taking sole ownership of Tunisian business. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists. Santos back in black, making acquisitions and paying dividends. The decision sharply curtails a policy that has long been a pillar of American higher education. He's also facing an investigation by the House Ethics Committee, which issued a rare letter last week stating that the committee had issued more than 30 subpoenas and more than 40 voluntary requests for information in their probe. "I can handle that; I ran for public office," he told reporters. Our Standards: The Thomson Reuters Trust Principles. MODEC cheers first oil from Brazilian FPSO. You can still enjoy your subscription until the end of your current billing period. Under the merger terms, Oil Search shareholders get 0.6275 new Santos shares for each Oil Search share. She has worked in many diverse industries, including fast moving consumer goods (FMCG), building products, pulp, paper and packaging, hospitality, tourism and gaming, in both large private and ASX listed companies. Based on Santos' closing share price of A$6.78 on Thursday, its offer valued Oil Search at A$4.25 a share, slightly above Oil Search's close, indicating investors expect the deal to go ahead. Business journalist with 18 years of experience covering primarily the aviation and mining industries at Reuters, the Australian Financial Review and the Sydney Morning Herald. And in that context we think that this thing looks way better as a business together than it does two businesses apart, Mr Fredricson told The Australian Financial Review, pointing to the strategic and commercial benefits of the deal from a funding perspective. Janette has more than 25 years of experience in the resources industry having spent much of her career in functional and operations leadership roles at Peabody and South 32. Mr Gallagher rejected these claims, stating that Quadrant would fall well within Santos' five core assets. Whats so wrong with that. $, 96 M Santos Managing Director Kevin Gallagher said the merger would create "an unrivalled regional champion of size and scale with a unique diversified portfolio of long-life, low-cost oil and gas assets". Standard Digital includes access to a wealth of global news, analysis and expert opinion. Have you ever wondered about the number of sacrifices a winning athlete has to make? If it goes ahead, the A$8.8 billion ($6.5 billion) takeover of Oil Search would create a global top 20 oil and gas company and make Santos the largest shareholder in Papua New Guinea's biggest resource project, the PNG LNG project, run by Exxon Mobil Corp (XOM.N).
Oil Search shareholders vote in favour of $21bn Santos merger SANTOS BRASIL PARTICIPAES S.A. : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Bolsa de Valores de Sao Paulo: STBP3 | Bolsa de Valores de Sao Paulo With the Oil Search acquisition, Santos would gain size and heft as the industry jostles for capital from financiers and investors increasingly wary of fossil fuels and climate change. As CFO, Anthea has oversight of the information systems, finance, tax, treasury, planning, and investor relations functions within Santos. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Oil Search shareholders have voted in favour of a proposed merger with Santos, clearing the way to form a top 20 global oil and gas entity. Mr Gallagher has positioned Santos to leverage the critical role natural gas will play in delivering energy security through the energy transition to net-zero emissions.
Ramsay Health Care Ltd (ASX:RHC) Share Price - Market Index Profit was also supported by the sell-off of its Asian non-core assets for $US221 million. "So much value upside spills out of a transaction with Total in PNG," said MST Marquee analyst Mark Samter. Santos' growth strategy was stepped up this week as it announced the acquisition of West Australian-based Quadrant Energy for $US2.15 billion in cash on Wednesday. MBLY. We use He said feedback from shareholders so far not including Allan Gray had been pretty supportive, and voiced confidence that the 75 per cent approval would be forthcoming.
SANTOS BRASIL PARTICIPAES S.A. : Shareholders Board Members Managers Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The oil and gas company is paying a fully franked dividend of US3.5, payable on September 27. Anthony previously held the role of Chief Financial Officer, with responsibility for the finance, tax, treasury, planning, business development, commercial, investor relations and IT functions. Investors in Santos overwhelmingly opposed a resolution that would have pushed the company to spell out moves to wind down its oil and gas . Santos has an excellent track record of integration and recently merged Quadrant Energy and ConocoPhillips WA and NT business unit into Santos, delivering more than US$160 million in annual synergies. Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. Jodie commenced her career in the legal private sector, working in the UK and Australia, before taking on senior in-house roles in the oil and gas industry. As Santos Deputy Chief Financial Officer, Anthea led the successful US$1 billion US144A bond transaction and played a key role in the integration of the ConocoPhillips asset purchase. "They did not; they're private citizens.". The oil and gas producer posted a first-half net profit of $US104 million, a massive turnaround for a company that delivered a $US506 million loss this time last year. She is a Fellow of Chartered Accountants Australia and New Zealand, holds a Master of International Tax from the University of Melbourne and a Bachelor of Commerce from Curtin University. I did a comparison with the 31st of July statement. Oil Searchs board reiterated its unanimous recommendation for the deal, citing the experts recommendation that it is in shareholders best interests unless a higher bid emerges. August 2, 2021, by Nermina Kulovic Following the recent rejection of a merger proposal, Australia's energy giant Santos has improved its offer for its merger with The Papua New Guinea-focused oil, gas, and LNG producer Oil Search. Oil Search said on Aug. 2 it intended to recommend an improved buyout offer from Santos Ltd., worth AU$8.4 billion (US$6.2 billion), in a deal that would create a top-20 global oil and gas company. Apr 14, 2021 11:14PM EDT. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Angus has over 25 years of leadership and consulting experience as a Director of Azure Consulting, a Partner at The Boston Consulting Group and a Supply Chain Manager with the global packaging group Crown Cork and Seal. "This acquisition will substantially lessen competition and extend the reach of the east coast gas cartel to the west," Mr Robertson said. Xpeng's U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla's Model Y in China. Shareholder Andy Forster commended the takeover. Under the revised merger proposal, Oil Search shareholders will receive 0.6275 new Santos shares for each Oil Search share held via a scheme of arrangement. Jodie brings to the table a demonstrated history of delivering some of the biggest projects and M&A deals in the oil and gas industry. No matter how talented an athlete is, seeking advice from those who have gone before you is part of the journey to success. Number of employees : 3,550 Sales per Business Sales per region Managers Members of the board Share class Shareholders Company contact information Santos Ltd. Santos Centre 5000, Adelaide +61 8 8116 5000 http://www.santos.com Group companies
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