Business
Santos primed to gain from LNG price spike – The Australian Financial Review
The oil and gas producer is due to ship 10 spot cargoes this quarter just as LNG prices have surged.
December quarter sales rose to $US922 million ($1.2 billion) on the back of a 25 per cent jump in commodity prices and an all-time high in quarterly production. But sales for the full year dropped 16 per cent to $US3.39 billion, dragged down by weak prices from earlier in the year.
“2020 saw us ride through the bottom of the cycle while still generating free cash flow and deliver a record 4.3 million tonnes of Santos-equity LNG sales,” chief executive Kevin Gallagher said.
Free cash flow was just…
-
General13 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
Noosa News19 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General16 hours agoTrump mulling whether to fire US Fed chair Powell
-
Noosa News19 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game