Santos Chairman, Ken Borda, today announced the appointment of Yasmin Allen to the Santos Board as an independent non-executive director, effective 22 October 2014.
Theralase is currently developing patented Photo Dynamic Compounds (PDCs) that are able to target and destroy cancers, bacteria and viruses when light activated by Theralase’s proprietary and patented laser technology.
Theralase is currently developing patented Photo Dynamic Compounds (PDCs) that are able to target and destroy cancers, bacteria and viruses when light activated by Theralase’s proprietary and patented laser technology.
La presidenta Cristina Kirchner anunció que enviará la iniciativa al Congreso. El senador Aníbal Fernández dio a conocer el texto. Fuente: Mendoza Online
Govindraj Laxminarayan Sinai Dempo Thought of the day " People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily. Zig Ziglar"
Crown Global Managing Director Jay Judas Chosen to Speak at Upcoming Lion Str...Mitch Ackles
Mr. Judas Will Lead Two ‘Deep Dive’ Sessions Devoted to International Opportunities: Working with Foreign National and Multi-Cultural Clients, and a Panel Discussion Focused on Private Placement Life Insurance
La presidenta Cristina Kirchner anunció que enviará la iniciativa al Congreso. El senador Aníbal Fernández dio a conocer el texto. Fuente: Mendoza Online
Govindraj Laxminarayan Sinai Dempo Thought of the day " People often say that motivation doesn’t last. Well, neither does bathing – that’s why we recommend it daily. Zig Ziglar"
Crown Global Managing Director Jay Judas Chosen to Speak at Upcoming Lion Str...Mitch Ackles
Mr. Judas Will Lead Two ‘Deep Dive’ Sessions Devoted to International Opportunities: Working with Foreign National and Multi-Cultural Clients, and a Panel Discussion Focused on Private Placement Life Insurance
Santos has outlined its new strategy to drive sustainable shareholder value by becoming a low-cost, reliable
and high performance business.
Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer
Kevin Gallagher said Santos will implement a disciplined, three-phase strategy to drive shareholder value.
• Transform: Simplify the business to focus on five core, long-life natural gas assets: Cooper Basin; GLNG;
PNG; Northern Australia, and Western Australia Gas. The remaining assets will be packaged and run
separately for value as a standalone business.
• Build: Progress growth opportunities across higher margin conventional assets and maximise production
across operated assets. Open infrastructure and facilities to increase throughput and drive down unit
costs.
• Grow: Develop focused exploration strategy and capability, and identify additional gas supply to drive
long-term value from the five core, long-life natural gas assets.
Edith Emily Dornwell was the first woman in Australia to graduate with a science degree, the first woman to graduate from the University of Adelaide and the first person to graduate from the University of Adelaide in 1885 with first class Honours in physics and physiology.
The internship initiative has been developed by the Office for Women within the Department for Communities and Social Inclusion, with funding from the Department of State Development’s Office of Science, Technology and Research.
The addresses of the Chairman, the Managing Director and CEO, and Chairman Elect are available on the Santos website. Click here to download their addresses.
In 2012, the oil and gas industry
contributed $29.4 billion to the
economy including approximately
$8.8 billion in income tax, corporate
tax and resource royalties.5
Santos GLNG alone will generate
billions of dollars in royalties and
taxes for Queenslanders for decades
to come. That means more money
for Queensland schools, roads
and hospitals.
In New South Wales, the Narrabri
Gas Project is expected to contribute
over $1.6 billion in royalties to the
State over the life of the project,
helping to deliver hospitals, schools,
roads, police services, public transport
and other state-based infrastructure
and public services.
Shale gas is natural gas. It is found
in hard, dense underground rocks
called shale (in the past shale was
called slate). Shale gas is odourless,
colourless and mostly methane,
exactly the same as natural gas used
in homes and businesses.
Shale gas was first extracted in the
United States in 1821, but it is only
in the last decade that advances in
technology have made production
viable on a large scale. As a result, shale
gas has grown from 1 per cent of the
United States’ natural gas production
in 2000 to over 26% today.*
The United States Energy Information
Administration has estimated that
Australia could have 437 trillion
cubic feet of recoverable shale gas,
the equivalent of over 200 years of
production at current rates.
Hydraulic fracturing, or fracking, is used
to increase the flow of oil or natural
gas from a well. It has been used safely
around the world since 1949 in over two
and a half million wells.
Santos has used fracking to produce
oil and gas in South Australia and
Queensland for nearly 50 years. It has
also been used in other industries to
increase the flow of water wells or
to clean up hazardous waste sites4.
In over 60 years of operations, there
has not been one proven case of water
contamination as a result of fracking.
Studies in the United States, United
Kingdom and here in Australia have
concluded that fracking can be
undertaken safely.
Natural gas is an abundant Australian
energy resource which has been used
in our country for over 100 years. It is
a naturally occurring compound made
up of mainly methane. Odourless and
colourless, it is found in different types
of rocks, including sandstones, coal
seams and shale.
Natural gas has the lowest carbon
intensity among fossil fuels, emitting
less carbon dioxide (CO2) per unit of
energy generated. It burns cleanly and
efficiently, with very few non-carbon
emissions.
Coal seam gas (CSG) is natural gas
mainly composed of methane, the
odourless and colourless gas used
in homes and businesses.
CSG collects in underground coal
seams formed over tens of millions
of years from compressed organic
material. The naturally occurring
coal seam gas bonds to the surface
of coal particles.
A combination of water and ground
pressure traps the gas in fractures of
underground coal seams, typically 500
– 1,200 metres below the surface.
200215 Santos 2014 full year results presentationSantos Ltd
Santos today announced a 2014 underlying net profit of $533 million, up 6 per cent on the previous year.
Full-year highlights
•Production up 6% to 54.1 mmboe
•Sales revenue up 12% to $4 billion
•EBITDAX up 8% to $2,153 million
•Operating cash flow up 13% to $1,843 million
•PNG LNG start-up ahead of schedule with the project shipping 55 LNG cargoes in the year
•GLNG more than 90% complete and on track for first LNG in the second half of 2015, within budget
•Final dividend maintained at 15 cents per share, bringing the full-year dividend to 35 cents per share, up 5 cents
Fourth quarter production of 15.1 mmboe - 15% higher than the corresponding quarter - brought full-year production to 54.1 mmboe. This was a 6 per cent increase on the previous year and within the company’s guidance range of 53-55 mmboe.
“Notwithstanding the fall in oil prices, Santos has delivered growth in full-year and quarterly production, and record sales revenue,” Santos Managing Director and Chief Executive Officer David Knox said.
“These results affirm the strength of Santos’ underlying business, the transformation of our operations and the positioning of the company as a major player in the Asian LNG market.”
“We look forward to further growth in 2015 with the start-up of GLNG in the second half of this year.”
41 metre bicycle seeks to break Guinness Book world record at the 2015 Santos Tour Down Under
A locally made bicycle measuring 41.9 metres and carrying 20 passengers will this Saturday (17 January 2015) attempt to ride its way into the Guinness Book of Records and become the world’s longest bicycle.
The attempt will take place on Rundle Road, Adelaide CBD (between East Terrace and Dequetteville Terrace) at 10 am.
The bike will have to travel 100 metres unaided to officially break the current world record which stands at 35.79 metres, set in the Netherlands in August 2011.
Santos Group Executive for Public Affairs Damon Hunt said the bike design and construction was a collaboration between Santos and the University of South Australia, and the culmination of nine months of development and planning.
This nine-day event brings top UCI WorldTour professional cycling teams to race on the streets of Adelaide and regional South Australia each January. Up for grabs are important UCI points and the Santos Ochre Leader’s Jersey.
Australian oil and gas exploration and production company Santos has entered into a partnership with OzHarvest which will bring the food rescue group to Western Australia for the first time.
OzHarvest collects surplus food from all types of providers (including fruit and vegetable markets, supermarkets, hotels, wholesalers, farmers, corporate events, catering companies,restaurants) and delivers that food free of charge to charity clients.
With its headquarters in Sydney, OzHarvest has operations in Brisbane, Gold Coast, Newcastle, Melbourne and Adelaide, and is now coming to Perth.
Pwc report- Oil and gas industry-Sept-2014Santos Ltd
Australia’s oil and gas industry plays an important role in the prosperity of Australia’s economy through its value-add, employment, scale of technology, and tax contribution.
To understand its relative contribution to the Australian economy, APPEA has engaged PwC to prepare a policy paper that examines the economic importance of the oil and gas industry to the Australian economy and national incomes.
1. ASX/Media Release
Media enquiries
Rob Malinauskas
+61 8 8116 5918 / +61 (0) 438 862 132
robert.malinauskas@santos.com
Investor enquiries
Andrew Nairn
+61 8 8116 5314 / +61 (0) 437 166 497
andrew.nairn@santos.com
Santos Limited ABN 80 007 550 923
GPO Box 2455, Adelaide SA 5001
T: +61 8 8116 5000 / F: +61 8 8116 5131
www.santos.com
22 October 2014
Santos appoints Yasmin Allen to Board
Santos Chairman, Ken Borda, today announced the appointment of Yasmin Allen to the Santos Board as an independent non-executive director, effective 22 October 2014.
Ms Allen has more than 20 years experience in finance and investment banking, including senior roles at Deutsche Bank AG, ANZ and HSBC Group Plc.
Ms Allen is a director of Insurance Australia Group Limited, where she chairs the Nomination and Remuneration Committee and is a member of the Audit and Risk Committee. She is also a director of Cochlear Limited, chairs its Audit Committee and is a member of the Nomination and Remuneration Committee.
Until recently, Ms Allen was also chair of Macquarie Specialised Asset Management Limited. She is a national director of the Australian Institute of Company Directors, a member of the George Institute for Global Health Board and a director of the National Portrait Gallery.
Mr Borda said that the Board was delighted with Ms Allen’s appointment.
“Yasmin brings extensive leadership, governance and risk management skills to the Santos Board. She has a strong track record as a director of major ASX-listed companies and will make an excellent contribution to the Santos Board,” Mr Borda said.
Ends.