Asia-Pacific LNG operator Santos has secured significant additional carbon-storage acreage after being awarded a Gas Storage Retention Licence with a joint venture partner at a site west southwest of Moomba in South Australia where Santos is already constructing one of the world’s first industrial carbon-capture and storage (CCS) projects.
Australian LNG operator Santos has completed the acquisition of the northern Australia and Timor-Leste assets of US major ConocoPhillips for a reduced purchase price of US$1.265 billion because of the oil price slump.
Australian LNG operator Santos, the buyer of the ConocoPhillips Darwin LNG stake and other US-owned assets in Australia’s Northern Territory, said the acquisition was a great boost for the Adelaide-based company as it posted a rise in third-quarter revenues.