US firm Harbour Energy raises Santos offer to $US10.8Bln for higher oil price and LNG values
US private equity firm Harbour Energy has raised its offer to $US10.8 billion ($A14.2Bln) for Santos, the stakeholder in three Asia-Pacific LNG export ventures, provided the Australian company puts in place hedging for the soaring oil price.
Santos AGM on May 3
May 2 (LNGJ) - Santos, the Asia-Pacific LNG stakeholder subject to a US$10.4-billion takeover offer by Harbour Energy, a subsidiary of US equity firm EIG Global Energy Partners, will hold its Annual General Meeting at 10:00 am local time on May 3 in Hall C of the Convention Centre in Adelaide, South Australia. “Video and cameras will be allowed into the AGM to capture the Chairman's address and CEO's speech, but will then need to be removed from the room to respect the privacy of shareholders,” said Santos. “A press conference will be held approximately 10 minutes after the conclusion of the AGM in room E3,” it added.
Australia's Santos buys stake in new Papua New Guinea gas play amid LNG expansion plans
Australian energy company Santos, a shareholder in three Asia-Pacific LNG plants, has acquired a stake in a new exploration and production play near significant gas discoveries in Papua New Guinea where the Adelaide-based operator already participates in the PNG LNG venture and its expansion project.
Chinese equity firm takes further stake in Australian Asia-Pacific LNG opertor Santos
Australian energy company Santos, a stakeholder in three Asia-Pacific liquefied natural gas projects, said Chinese equity firm Hony Capital had increased its shareholding in the Adelaide-based oil and gas business operator.
