[1] Excludes integration and other one-off costs. The Barossa project is 33 per cent complete and making excellent progress, while the Moomba carbon capture and storage project will deliver a step-change in our emissions profile when it comes online in 2024. Excludes integration and other one-off costs. The disciplined operating model we have in place positions us to deliver on our strategy to backfill and sustain our infrastructure, decarbonise and develop future clean fuels.. Capital expenditure - base including restoration, Capital expenditure - contingent major projects, subject to FID1. WASHINGTON, June 29 (Reuters . On track to deliver guidance of US$90-115 million per annum in synergies[1], 2022 Climate Change Report released confirming Santos is well placed to address the risks and seize the opportunities of the global transition to cleaner energy and clean fuels. CNN Former President Donald Trump 's criminal indictment helped jolt his fundraising. Copyright 2023 Surperformance. "Our disciplined, low-cost operating model continues to drive strong performance across the business and has positioned us to take full advantage of the increase in commodity prices. Capital expenditure including restoration expenditure but excluding capitalised interest. "By designing our portfolio to provide strong cash flows throughout the commodity price cycle, our disciplined, low-cost operating model has positioned us to take full advantage of the increase in commodity prices," Mr Gallagher said. Pre- works activities commenced on the John Brookes Platform to tie-back Spartan and prepare for the first offshore campaign planned for early 2022. Stock futures rise slightly as the market nears the end of quarter and first half. Santos Ltd l Fourth Quarter Report l 20 January 2022, Production by asset (Santos share including Oil Search from 11 December 2021), Production by product (Santos share including Oil Search from 11 December 2021). 'By designing our portfolio to provide strong cash flows throughout the commodity price cycle, our disciplined, low-cost operating model has positioned us to take full advantage of the increase in commodity prices,' Mr Gallagher said. Santos on Thursday reported that production volumes for the first quarter to March declined to 22.2-million barrels of oil equivalent, down from the 25.6-million barrels of oil equivalent produced . What is Santos's price-to-earnings ratio? Strong base business performance and improved commodity prices delivered record quarterly sales, Gross Bayu-Undan production was higher in the quarter due to the successful start-up of the first well in, Continued growth in GLNG equity gas production from the Roma and Arcadia fields contributed to a 20%, Strong free cash flows reduced net debt (including leases) to US$3.1 billion and gearing to 29.7% at the, Barossa 15% complete and progressing on schedule and budget, with first steel cut for the FPSO hull, Award of major FEED contracts for the Dorado project, Registration of the Moomba CCS project with the Clean Energy Regulator underway, In September, Santos and Oil Search entered into a definitive agreement to merge the two companies in, Upon completion of the merger, Santos shareholders will own approximately 61.5% of the merged entity, The merger is on track for completion by year-end and is subject to a limited number of customary. In November, Santos took FID on the Moomba CCS Project after the Clean Energy Regulator registered the project with the Emissions Reduction Fund, enabling the project to generate Australian Carbon Credit Units (ACCUs). 1 Capital expenditure including restoration expenditure but excluding capitalised interest. Potential for drilling activities to recommence before the end of the year, Pikka Phase 1 preparing for drilling activities in the second quarter of 2023, FEED entry on the integrated Papua LNG project in March 2023, with first production expected end 2027/early 2028, Dorado Offshore Project Proposal accepted by regulator in February 2023 to support development and we continue to refine an integrated development concept, with a focus on integrating the Pavo discovery and phase 2 via Varanus Island, The impact of the proposed reforms to the Safeguard Mechanism are yet to be determined, as guidelines are not finalised. Small gains for Aussie shares in first-half as decade-high interest rates weigh, Consumer and property stocks drag Australian shares lower, Australian shares extend gains on bank rally; retail sales data in focus, Australian shares on track to snap losing streak; CPI in focus, Australian shares log worst weekly fall in over 3 mths on further rate hike concerns, Australian shares set for worst week in four; Powell's speech in focus, Australian shares hit 7-week high on commodity boost; RBA minutes awaited, Australian shares climb for fifth session in broad-based buying, Australian shares inch lower ahead of key U.S. data, Fed rate decision, Australia shares rise on mining and gold boost; set for third weekly drop, Australian shares muted as gold, tech losses counter gains in commodities, Australian shares inch higher ahead of GDP data, miners top gainers, Australian shares skid ahead of RBA decision, financials top losers, Australian shares rise as energy stocks jump; RBA decision in focus, Australia shares edge higher after US House votes to suspend debt ceiling, Australian shares extend fall after hotter-than-expected inflation data, Australian shares edge higher amid fresh hurdles for U.S. debt ceiling deal, Australian shares jump as US leaders strike provisional debt deal, Australian shares set for worst week in two months; US debt deal in focus, Banks drag Australian shares lower amid U.S. debt ceiling worries, Energy stocks push Australian shares higher, U.S. debt talks in focus, Australian shares decline on U.S. debt default fears, Mining, banking stocks push Australian shares higher, Talon Energy Secures Path to Market of Walyering Condensate Production, Australian shares extend losses on renewed rate-hike jitters, Strong base business performance delivered record annual production of 92.1 million barrels of oil equivalent (mmboe), inclusive of 1.7 mmboe from the Oil Search assets from 11 December 2021, Stronger commodity prices and higher sales volumes delivered record quarterly sales revenue of, Free cash flow is expected to be around US$1.5 billion in 2021, more than double the level in 2020, GLNG delivered a record 6.4 million tonnes of LNG sales in 2021, Bayu-Undan delivered higher gross gas and liquids production in 2021, which enabled Darwin LNG to produce 3.2 million tonnes of LNG, almost all of which was sold at JKM spot prices, Santos' portfolio average realised LNG price increased by 32 per cent in the quarter to US$13.64/mmBtu, Barossa 20 per cent complete and progressing on schedule and budget, FID on the Moomba carbon capture and storage project taken in November 2021, with first injection expected in 2024, Dorado Phase 1 and Pikka Phase 1 projects targeting FID in mid-2022 and first half 2022, respectively, On 10 December 2021, Santos announced the merger with Oil Search had become effective following approvals by Oil Search shareholders and the National Court of Papua New Guinea, The merger created a company with strong and diversified cash flows, providing a platform to deliver shareholder returns and successfully navigate the transition to a lower carbon future, Data in this report includes the Oil Search assets from 11 December 2021, unless otherwise stated. The initial horizontal drilling program was completed in the quarter with all oil wells successfully landed in the reservoir target and the program delivered below budget. Full-year Results. Free cash flow of around US$1.5 billion for the year was also a record and more than double the level in 2020. Santos is appealing the decision with a hearing on the appeal expected to be held in mid-November, Following FID on the Pikka Phase 1 project in Alaska in August, contracting activities are well underway with drilling expected to commence in the second quarter of 2023, Moomba CCS project is 25 per cent complete and progressing on schedule and budget, Bayu-Undan CCS project continues to gain momentum with onshore and offshore FEED packages awarded and engagement with the Australian and Timor-Leste governments, Trials of direct air capture technologies in the Cooper Basin planned to commence first half 2023, US$112 million in sustaining annual synergies achieved in the first nine months of integration[1]. Catch the top stories of the day on ANC's 'Top Story' (29 June 2023) CNBC's Silvana Henao reports on the news affecting markets. Residential fixed investment spending from housing businesses or landlords had less of a drag on GDP. Forlowest cost and one of the largest commercial hydrogen opportunities. 20 th Jul 2023 2023 Second Quarter Report. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . The U.S. economy grew at a 2% annualized pace in the first quarter, according to a final revision to the figure released Thursday. | April 15, 2023 Quarter 1. The company also posted $39.08 million (AUD 58,186,592.59) in payables. Targeting 2020 free cash flow breakeven oil price of US$25 per barrel. 1 Sales volumes include own product and third-party volumes. The proposed merger with Oil Search is on track for completion by year-end, subject to customary conditions including Oil Search shareholder approval. Free cash flow generation from our portfolio of low-cost assets was US$265 million in the first quarter. Santos' LNG projects shipped 60 cargoes in the first quarter, of which 7 spot cargoes (Darwin LNG 4, PNG LNG 3) and 6 contracted GLNG cargoes were sold at JKM prices. Its gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Small gains for Aussie shares in first-half as decade-high interest rates weigh, Consumer and property stocks drag Australian shares lower, Australian shares extend gains on bank rally; retail sales data in focus, Australian shares on track to snap losing streak; CPI in focus, Australian shares log worst weekly fall in over 3 mths on further rate hike concerns, Australian shares set for worst week in four; Powell's speech in focus, Australian shares hit 7-week high on commodity boost; RBA minutes awaited, Australian shares climb for fifth session in broad-based buying, Australian shares inch lower ahead of key U.S. data, Fed rate decision, Australia shares rise on mining and gold boost; set for third weekly drop, Australian shares muted as gold, tech losses counter gains in commodities, Australian shares inch higher ahead of GDP data, miners top gainers, Australian shares skid ahead of RBA decision, financials top losers, Australian shares rise as energy stocks jump; RBA decision in focus, Australia shares edge higher after US House votes to suspend debt ceiling, Australian shares extend fall after hotter-than-expected inflation data, Australian shares edge higher amid fresh hurdles for U.S. debt ceiling deal, Australian shares jump as US leaders strike provisional debt deal, Australian shares set for worst week in two months; US debt deal in focus, Banks drag Australian shares lower amid U.S. debt ceiling worries, Energy stocks push Australian shares higher, U.S. debt talks in focus, Australian shares decline on U.S. debt default fears, Mining, banking stocks push Australian shares higher, Talon Energy Secures Path to Market of Walyering Condensate Production, Australian shares extend losses on renewed rate-hike jitters. Santos is committed to keeping the Australian domestic market supplied, while remaining a leading, reliable and low-cost LNG supplier into Asia. How much profit does Santos generate each year? Sales volumes include own product and third-party volumes. Santos Ltd in Moses Lake, WA Expand search. Sales volumes (Santos share including Oil Search from 11 December 2021). Last December we announced an ambitious roadmap to net-zero emissions by 2040. Our consistent and successful strategy combined with the disciplined, low-cost operating model continue to drive strong performance across our diversified portfolio. News listings energy-pedia general news Santos announces 2022 First Quarter Report 21 Apr 2022 Record quarterly production, sales revenue and free cash flow Santos achieved record production of 26 million barrels of oil equivalent (mmboe) in the first quarter Following FID in November 2021, the Moomba CCS project is 14 per cent complete and progressing on budget and schedule for first injection of CO2 in 2024. All rights reserved. We have also established a partnership with Osaka Gas to investigate the feasibility of carbon neutral synthetic e-methane from green hydrogen in the Cooper Basin, Mr Gallagher said. Strong base business performance and improved commodity prices delivered record quarterly sales. Includes news announcements, presentations to investors, quarterly, interim and full year reports. Santos Ltd l Fourth Quarter Report l 21 January 2021 Page 3 of 13 Production by asset . Free cash flow of around US$720 million positions the company well to maintain a strong balance sheet, deliver higher shareholder returns and invest in cash-generative critical fuels projects and decarbonisation. There was also an improvement compared to first quarter 2022 when 96.9 percent of mortgages were current and performing . The Company's segments include five key assets/operating areas of the Cooper Basin, Queensland and New South Wales, Papua New Guinea (PNG), Northern Australia and Timor-Leste, and Western Australia. Record quarterly production, sales revenue and free cash flow, Santos achieved record production of 26 million barrels of oil equivalent (mmboe) in the first quarter, Stronger commodity prices combined with higher sales volumes delivered record quarterly sales revenue of US$1.9 billion, up 25 per cent compared to the prior quarter and 99 per cent higher than the corresponding period in 2021, Santos generated a record US$865 million in free cash flow in the quarter, up 186 per cent on the corresponding period, 13 LNG cargoes sold in the first quarter from Santos' LNG projects on JKM prices, Strong balance sheet supportive of disciplined growth and higher returns, Strong free cash flows reduced gearing to 26 per cent at the end of March following payment of the 2021 final dividend, meaning the balance sheet is well positioned to fund disciplined growth and higher shareholder returns, Barossa project is 33 per cent complete and progressing on schedule and budget, Moomba CCS project is 14 per cent complete and progressing on schedule and budget, Bayu-Undan and Darwin LNG joint ventures entered FEED on the Bayu-Undan CCS project, Successful oil discovery at Pavo significantly increases resource size and provides a potential low-cost tie-back to Dorado, On track to deliver merger integration synergies, US$54 million in ongoing annual synergies achieved in the first three months of integration1, On track to deliver guidance of US$90-115 million per annum in synergies1, 2022 Climate Change Report released confirming Santos is well placed to address the risks and seize the opportunities of the global transition to cleaner energy and clean fuels. Todays results demonstrate that our business has the size, scale and cash flows to enable Santos to deliver stronger shareholder returns. Nineteen wells were drilled (14 gas wells and 5 oil wells), and 14 wells connected (9 gas wells and 5 oil wells) across the Cooper Basin in the fourth quarter. The Moomba CCS project is an important enabler for the production of hydrogen. Consistent with our strategy, our next phase of growth will be disciplined and phased. Copyright 2023 Surperformance. The Moomba CCS project is an important enabler for the production of hydrogen. Record annual production, record sales revenue and record free cash flow. "I was particularly pleased that we were able to complete the merger before the end of 2021 and in just 130 days from. Santos reported $720 million in free cash flow in the first quarter. Santos Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. 00:00. The Barossa project is 33 per cent complete and making excellent progress, while the Moomba carbon capture and storage project will deliver a step-change in our emissions profile when it comes online in 2024. This is an excerpt of the original content. Santos is well positioned to leverage the opportunities when prices and demand recover, which they will, Mr Gallagher said. A data worksheet containing unaudited quarterly sales, revenue, production and capital expenditure tables in Excel f rmat is available on Santos' website. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong base business performance positioned the company to benefit from higher commodity prices. Following the success at Pavo, the drilling rig moved to the Apus-1 well location, approximately 30 kilometres from Dorado. The Barossa project is 33 per cent complete and making excellent progress, while the Moomba carbon capture and storage project will deliver a step-change in our emissions profile when it comes online in 2024. "Consistent with our strategy, our next stage of growth will be disciplined and phased. EN. Receive instant access to the latest media . Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record production, sales revenue and free cash flow in the first quarter, demonstrating the strong performance of the base business and strategic benefits of our diverse portfolio. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos has implemented a series of measures to protect the health and safety of its people and to ensure it continues to provide secure energy supply for customers, which is vital in the current global and national crisis. Delayed Quote personalSantos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong base business performance positioned the company to benefit from higher commodity prices. The Varanus Island Compression Project started up during the quarter. Guidance assumes current equity interest in all assets. All rights reserved. ST. LOUIS, Aug. 9, 2022 - Emerson (NYSE: EMR) today reported results for its third fiscal quarter ended June 30, 2022 and updated its full year outlook for fiscal 2022. The OCC Mortgage Metrics Report, First Quarter 2023 showed that 97.6 percent of mortgages included in the report were current and performing at the end of the quarter, compared with 97.1 percent in the fourth quarter 2022. 1Sales volumes include own product and third-party volumes. "Energy security is a top priority for countries in our region. First-quarter GDP growth revised up to 2.0% from 1.3%. The GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold into the domestic market. Gross Bayu-Undan production was higher in the . Santos will announce its results for the year ended 31 December 2021 on 16 February 2022. Distributed by Public, unedited and unaltered, on 19 January 2022 22:05:08 UTC. That was well above the previous estimate of 1.3% and the 1.4% . I remain confident our disciplined, low-cost operating model is built to see Santos through these challenging periods and todays results are a strong base for us to build on as we fight current low oil prices and COVID-19. 1 MarketScreener is worth more than 1000 Influencers!