Quarter 1. Residential fixed investment spending from housing businesses or landlords had less of a drag on GDP. Santos today released its 2021 First Quarter Activities Report. Oil production was lower than the prior quarter due to natural decline of infill wells, partially offset by higher production. STO has generated A$0.91 earnings per share over the last four quarters. Since Santos launched his first campaign in 2019, more than three years before he was elected to Congress, his campaign reported more than $9,000 in donations that do not align with what was. As such, actual results for the year ended 31 December 2021 may differ from the guidance given in this update. 2023 First Quarter Report. 18 minutes ago. Distributed by Public, unedited and unaltered, on 19 January 2022 22:05:08 UTC.
2021 First Quarter Activities Report | Santos 2021 First Quarter Activities Report Data Tables, First quarter production of 24.8 mmboe was 39 per cent above the corresponding quarter in 2020 primarily due to the ConocoPhillips acquisition which completed in May 2020, Production was 2 per cent lower than the December quarter primarily due to lower domestic gas demand in Western Australia and unplanned maintenance in PNG, offset by strong production from Bayu-Undan, Higher GLNG equity gas production from the Roma and Arcadia fields supported annualised LNG production of 6.4 mtpa in the quarter, First quarter revenue of US$964 million was stronger despite the contractual 3-month lag in oil-linked LNG prices and lower overall sales volumes, Santos generated US$302 million in free cash flow in the first quarter, Net debt at the end of the first quarter (including leases) was US$3.6 billion after payment of the US$104 million 2020 final dividend and gearing was 33.6 per cent, S&P Global Ratings reaffirmed Santos investment grade credit rating with stable outlook and Fitch Ratings assigned Santos an inaugural BBB rating with stable outlook, Final investment decision to proceed with the US$3.6 billion gross Barossa gas and condensate project to backfill Darwin LNG and the US$600 million gross Darwin LNG life extension and pipeline tie-in projects, FEED entry planned in the coming months for the Dorado phase 1 oil project, Moomba CCS project is FID-ready, subject to eligibility for Australian Carbon Credit Units, with the project having an estimated lifecycle breakeven cost of
Company reporting | Santos 1 Capital expenditure including restoration expenditure but excluding capitalised interest. Sales revenue of US$1.6 billion in the first quarter, First quarter production of 22.2 mmboe was lower than the prior quarter primarily due to reduced domestic gas volumes in Western Australia supported by extended production from the Bayu-Undan field, Free cash flow of around US$720 million in the first quarter, Completed US$466 million of announced US$700 million on-market share buyback at end March, Barossa project 56 per cent complete drilling activities remain suspended pending re-submission and approval of the environmental plan. PDF First Quarter Report - Santos In response to COVID-19, the financial initiatives we announced on 23 March demonstrated we are taking decisive action to ensure Santos is well-positioned in a lower oil price environment. Delayed Quote Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. PDF Third Quarter Report - Santos The project is on track to start-up in early 2023, with successful completion of the first offshore subsea campaign in the first quarter. 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. This is an excerpt of the original content. 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 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, US$54 million in ongoing annual synergies achieved in the first three months of integration[1], 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. The full-year report (incorporating Appendix 4E) and associated investor briefing presentation will be available on Santos' website at www.santos.com. Despite the uncertain external environment Santos continues to perform strongly against the backdrop of regulatory and economic uncertainty. Engineering, commercial and marketing studies are progressing on the Moomba hydrogen project with the goal of positioning the project as Australia's lowest cost and one of the largest commercial hydrogen opportunities. 2020 First Quarter Activities Report | Santos Second quarter sales revenues were in line with the first quarter, with lower overall sales volumes offset by higher gas, LNG and oil prices. Interim Results. [1] Excludes integration and other one-off costs. Our Moomba carbon capture and storage project is FID-ready, subject to eligibility for Australian Carbon Credit Units. Liquidity of over US$3 billion at the end of the quarter, comprising US$1.15 billion in cash after payment of the 2019 final dividend in March and US$1.9 billion in committed . Delayed Quote Fourth quarter sales revenues were a record and higher than the prior quarter reflecting inclusion of the Oil Search assets from 11 December 2021 (US$101 million) and improved commodity prices for all products. "Today's results demonstrate that our business has the size, scale and cash flows to enable Santos to deliver stronger shareholder returns. Santos (ASX:STO) has a recorded annual revenue of $7.79 billion. We continue to engage with the Government on the proposed changes, Moomba CCS project is 60 per cent complete with first injection expected early 2024, Construction of the first 0.25 tonnes per day Direct Air Capture unit complete with field trials in the Cooper Basin planned to commence in the first half of 2023, FEED work scopes complete for the Bayu-Undan CCS project including design of the offshore platform topsides CCS equipment. Approximately 70% of forecast production volumes for the remainder of 2020 are fixed-price, comprising: Fixed-price domestic gas sales contracts, and, 14 million barrels of oil hedged at an average floor price of US$39/bbl with upside participation, On 23 March, Santos announced financial measures in response to the lower oil price environment, including a US$550 million (38%) reduction in 2020 capital expenditure, a US$50 million reduction in cash production costs and a target free cash flow breakeven oil price of US$25 per barrel, Growth projects deferred until business conditions improve, Announced an agreement to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for, The companys debt covenants have sufficient headroom and are not under threat at current oil prices for a number of years, S&P Global Ratings reaffirmed Santos investment grade credit rating with stable outlook. The Varanus Island Compression Project started up during the quarter. PDF Fourth Quarter Report - Santos Forlowest cost and one of the largest commercial hydrogen opportunities. 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. Fourth quarter production was higher than the prior quarter primarily due to inclusion of the Oil Search assets from 11 December 2021 (1.7 mmboe), partially offset by lower Cooper Basin volumes, a lower net entitlement under the Bayu- Undan Production Sharing Contract due to higher realised commodity prices and lower domestic gas volumes in Western Australia due to planned maintenance. BlackBerry Reports First Quarter Fiscal Year 2024 Results. The well count was lower than plan due to significant rainfall events across the Cooper Basin during the first quarter. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. Capital expenditure including restoration expenditure but excluding capitalised interest. Santos' disciplined operating model has delivered strong production which, combined with higher commodity prices, resulted in record third quarter free cash flow of over US$1 billion, taking free cash flow for the first nine months of 2022 to US$2.7 billion. Gross Domestic Product (Third Estimate), Corporate Profits (Revised The Moomba CCS project is an important enabler for the production of hydrogen. 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]. Guidance assumes current equity interest in all assets. Top Story | ANC (29 June 2023) - Facebook - 02:10:37 2023-06-30 am EDT. Tie-in and start-up activities for the two remaining dual lateral wells in the Van Gogh Phase 2 infill program were personalsuccessfully completed, ahead of schedule and under budget. Strong production combined with higher commodity prices delivered record quarterly free cash flow of US$865 million, an increase of 186 per cent from the corresponding period last year. 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. 2020 Fourth Quarter Report - Santos Limited (ASX:STO) 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. Legal woes grow for George Santos as another watchdog files complaint The horizontal oil wells were drilled in the McKinlay, Hobbes and Frostilicus fields. Receive instant access to the latest media . US weekly jobless claims post biggest drop in 20 months as economy 1Unsanctioned projects contingent amount of up to ~$400 million for Dorado phase 1 and Pikka phase 1 (subject to FID). The well was drilled to final total depth of approximately 2,900 metres and while hydrocarbons were observed in the well, a commercial hydrocarbon pool was not discovered. 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). 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. Join us and your talent, skills and ideas will have a direct impact on results as we thrive and improve together. The Spartan project continued to make good progress in support of developing additional reserves back to Varanus Island. 2022 Full-year Results Video. The Santos Ltd ( ASX: STO) share price is one to watch in early trade after the Aussie oil and gas giant's latest quarterly result. Santos (ASX:STO) has a recorded net income of $2.11 billion. The average realised LNG price was higher than the prior quarter reflecting the linkage of sales contracts to an improving lagged Japan Customs-cleared Crude (JCC) price and higher JKM spot prices. WASHINGTON, June 29 (Reuters . 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.. Engineering, commercial and marketing studies are progressing on the Moomba hydrogen project with the goal of positioning the project as Australia's. Our disciplined, low-cost operating model continues to drive strong performance with US$931 million of free cash flow generated in the first nine months of 2021. Santos' 2022 Full-year results were released on Wednesday 22 February 2023. . Santos : 2021 Fourth Quarter Report 01/19/2022 | 04:56pm EDT Fourth Quarter Report For period ending 31 December 2021 ASX: STO | PNGX: STO | ADR: SSLZY 20 January 2022 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 Santos : 2021 Fourth Quarter Report - MarketScreener.com All rights reserved. 1 Sales volumes include own product and third-party volumes. 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. The Cooper Basin produces natural gas, gas liquids and crude oil. 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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 Santos' First-Quarter Sales Revenue Drops 13 Percent | Rigzone Santos disciplined operating model has delivered strong production which, combined with higher commodity prices, resulted in record third quarter free cash flow of over US$1 billion, taking free cash flow for the first nine months of 2022 to US$2.7 billion. Santos will announce its results for the year ended 31 December 2021 on 16 February 2022. First-quarter exports were revised to 7.8% from 5.2%. Santos : 2022 First Quarter Report | MarketScreener 2022 Full-year Results Announcement and Presentation. Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. "I was particularly pleased that we were able to complete the merger before the end of 2021 and in just 130 days from. quarter due to incremental production from the wells. The Stage 1 Offshore Project Proposal (OPP) phase has closed and the Stage 2 OPP submitted to NOPSEMA. Santos (ASX:STO) has a . In early April, the Dorado joint venture accepted the production licence offered by NOPTA while stage 2 assessment of the Offshore Project Proposal (OPP) is progressing. Record annual production, record sales revenue and record free cash flow, 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, US$1.5 billion, up 34 per cent, and record annual sales revenue of US$4.7 billion, up 39 per cent, 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, Dorado Phase 1 and Pikka Phase 1 projects targeting FID in mid-2022 and first half 2022, respectively. 23 rd Aug 2023 2023 Half-year Results. Specifically, we examine price and volume reactions to financial reports issued in: (1) the (PDF) Do First and Third Quarter Unaudited Financial Reports Matter? Sales revenues (Santos share including Oil Search from 11 December 2021), Average realised prices (including Oil Search from 11 December 2021). 2023 First Quarter Report 20th Apr 2023 jump to downloads Strong sales revenue and free cash flow Sales revenue of US$1.6 billion in the first quarter First quarter production of 22.2 mmboe was lower than the prior quarter primarily due to reduced domestic gas volumes in Western Australia supported by extended production from the Bayu-Undan field 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. BlackBerry Reports First Quarter Fiscal Year 2024 Results - (PDF) At the time of writing, Santos shares are trading at $8.32, a 1.09% gain. - 02:10:37 2023-06-30 am EDT. Santos announces 2022 First Quarter Report - energy-pedia Gross Bayu-Undan production was higher in the . Free cash flow generation from our portfolio of low-cost assets was US$265 million in the first quarter. Santos provided an operational and financial update for the quarter ended 31 March 2021 (Q1 2021). 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 Strong operational performance delivered US$265 million of free cash flow in the first quarter. Santos will announce its results for the year ended 31 December 2021 on 16 February 2022. 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. 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. PNG LNG produces LNG for export to global markets, as well as sales gas and gas liquids. 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 June trailing three-month underlying orders were up 10 percent. 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. Record quarterly production, sales revenue and free cash flow, Strong balance sheet supportive of disciplined growth and higher returns, On track to deliver merger integration synergies, US$54 million in ongoing annual synergies achieved in the first three months of integration[1]
First-quarter economic growth was actually 2%, up from 1.3% first This button displays the currently selected search type. Santos generated US$302 million in free cash flow in the first quarter Balance sheet supportive of disciplined and phased growth Net debt at the end of the first quarter (including leases) was US$3.6 billion after payment of the US$104 million 2020 final dividend and gearing was 33.6 per cent
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