Business
Santos awards big contract for $4.7b gas project – The Australian Financial Review
The final go-ahead for Santos’ Barossa gas project off the north coast is only weeks away after the award of a major contract for a production vessel.
BW Offshore, an Oslo-based provider of offshore production ships, put the value of the initial 15-year firm term of the contract at $US4.6 billion.
The awarding of the contract is a major endorsement for the pending FID commitment for the Barossa project, said RBC Capital Markets analyst Gordon Ramsay. He estimates the cost of LNG supply from Barossa is about $US5.50 per million British thermal units, making it the lowest-cost new supply of LNG in the Australasian region.
RBC values Santos share…
-
Noosa News21 hours agoWhat time is the 2025 AFL grand final? Here’s how to watch and everything you need to know as Brisbane and Geelong clash
-
Noosa News21 hours agoWool price soars as production crashes and Chinese demand lifts
-
Noosa News23 hours agoBirthday turns to heartbreak as Queensland woman’s home goes up in flames
-
Business19 hours agoHow to turn $200 a week into $1 million on the ASX