santos top 20 shareholders

MODEC cheers first oil from Brazilian FPSO. What impact will OPEC+ cuts have on global and US oil & gas production? All quotes delayed a minimum of 15 minutes. At Santos, Brett has previously held senior leadership roles as President Santos Energy Solutions, Chief Operating Officer, Executive Vice President Developments, Executive Vice President Onshore, and Vice President Eastern Australia Business Unit. $, 4 624 It would create a player with a pro-forma market capitalisation of A$21 billion ($about $15,5 billion), which would position the merged entity in the top-20 ASX-listed companies and the 20 largest global oil and gas companies. Why do some UK cities punch below their weight? Under the merger terms, Oil Search shareholders get 0.6275 new Santos shares for each Oil Search share. Ramsay Health Care's global network extends across ten countries, with over eleven million admissions and patient visits to facilities in more than 530 locations After joining Oil Search in 2019, Bart held executive positions overseeing technical functions including project management, operations excellence, innovation, information technology, and safety, security and risk. Combined group to become Australia's top oil, gas firm, Oil Search has been searching for new CEO, Oil Search shares jump 8%, Santos up 3.6%. She is the General Counsel and Company Secretary of the Santos Group, overseeing the Companys Legal, Company Secretariat and Compliance functions. Produced by Rob Szypko , Asthaa Chaturvedi . Santos doesnt really add anything operationally here, and the assets are now going to have to compete for attention and resources within the Santos portfolio, which cant be a positive change from the laser focus Quadrant brought to bear. Subscribe to read this article. risks and opportunities. Please try again later. Toxic algae suspected in deaths of sea lions, dolphins off SoCal coast, Anaheim man accused of stealing thousands of pieces of mail in Irvine, SAG-AFTRA extends contract deadline with studios until July 12. "We are left wondering if this deal adds anything material other than scale and debt for Santos, and makes Santos less attractive as a takeover target to an LNG-focused player.". The top 25 shareholders own 43% of the company. Tracey joined Santos in 2017 as Head of Government and Public Affairs. cookies Sept 10 (Reuters) - Santos (STO.AX) sealed an agreement to buy Oil Search (OSH.AX) to create a global top 20 oil and gas company, the companies said on Friday, even as the Papua New Guinea. Previously, Anthony was Chief Financial Officer of ROC (ASX listed) and has held commercial, finance and business services roles at Caltex Australia, Credit Suisse First Boston (London) and Arthur Andersen (Sydney). and other data for a number of reasons, such as keeping FT Sites reliable and secure, Sydney-based Oil Search has accepted a revised A$21bn (US$15.4bn) merger offer from fellow Australian company Santos that would create one of the 20 biggest oil and gas companies in the world . MBLY. He dismissed the firms reasoning that Oil Search would have difficulty funding the Pikka oil project in Alaska on a standalone basis, saying Allan Gray supported a sale of that asset. Number of employees : 3,550 Sales per Business Sales per region Managers Members of the board Share class Shareholders Company contact information Santos Ltd. Santos Centre 5000, Adelaide +61 8 8116 5000 http://www.santos.com Group companies Mr Gallagher said the companys cost-cutting strategy had led it out of the half-billion-dollar black hole Santos found itself in last year. The takeover will give Santos access to the coveted Dorado oil well, one of the most prospective discoveries in Australia in years, with around 171 million barrels of oil. Exclusive news, data and analytics for financial market professionals, Reporting by Sameer Manekar in Bengaluru and Jamie Freed in Sydney; Additional reporting by Sonali Paul in Melbourne; Editing by Daniel Wallis and Edmund Klamann, Shell's renewables boss to leave after CEO strategy shift, Factbox: Japan aims to become major offshore wind energy producer, Italy aims to turn up renewable power to two thirds of total by 2030, Wind, solar help Texas meet record power demand during heat wave, Xpeng shares jump as China EV maker prices SUV below Tesla Model Y, Consumers, food-makers face choice as WHO cancer agency set to warn on aspartame sweeteners, Deutsche Bank set to finalise Postbank IT integration project this weekend. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. At BCG, Angus set up the Perth office, led the Australian Operations practice and was a core member of both the Mining and Metals practice and the Energy Practice. Bruce joined Santos in December 2021 as part of the companys merger with Oil Search. (The film was produced in part by StarWing Sports Management, which represents Sinner. Brett has over 25 years of oil and gas industry experience including senior management, technical and business development roles at Woodside Energy and as CEO and Managing Director of Rialto Energy. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Copyright 2023 ABC News Internet Ventures. "After rejecting Harbour Energy's bid earlier this year, Santos's management has had a point to prove to its shareholders that the company had emerged from survival mode and is ready to grow again. $, 490 M Most analyst assessments attributed a 37 per cent to 38 per cent share of the combined company for Oil Search, in line with the agreed merger ratio, he noted. Shareholder Andy Forster commended the takeover. Brett joined Santos in February 2013 and is accountable for the Upstream Oil and Gas and Santos Energy Solutions assets in Western Australia, Northern Australia and Timor-Leste. Since joining Santos, Mr Gallagher has led significant transformation and growth of the company, delivering a competitive advantage in the energy transition. Even after cost savings, that means the merger would reduce the underlying value for Oil Search shareholders by about 6 per cent, it said. The new entity would also have substantial potential combination synergies. Santos Managing Director Kevin Gallagher said the merger would create "an unrivalled regional champion of size and scale with a unique diversified portfolio of long-life, low-cost oil and gas assets". You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Janette has developed a reputation as an industry expert on policy and ESG issues impacting the resources sector. Porsche AG will spend more than 20 billion ($21.9 billion) in the coming years to equip models including its planned new Cayenne sport utility vehicle with top-line electric and . Santos and Oil Search will now conduct due diligence subject to appropriate confidentiality arrangements over a period of approximately four weeks with the aim of entering into a merger implementation agreement, which would contain conditions to completion of the merger such as regulatory approvals. Kim has previously served as non-executive director for Not for profit, Women in Gaming and Hospitality and is an accredited Gallup Global Strengths Coach. leader and business. Porsche AG will spend more than 20 billion ($21.9 billion) in the coming years to equip models including its planned new Cayenne sport utility vehicle with top-line electric and digital technology to bolster returns. News & announcements View the latest news & announcements. As Executive Vice President Projects, he is responsible for major capital project activities. We will shortly achieve our net debt reduction target, more than a year ahead of schedule, and therefore have a significantly stronger balance sheet to support our growth strategy, he said. articles a month for anyone to read, even non-subscribers! Expert insights, analysis and smart data help you cut through the noise to spot trends, That compares with Oil Searchs close of $4.20, down 0.9 per cent. Janette has served on the Climate Advisory Panel for the Minerals Council of Australia, and the Boards of the Queensland Resources Council, NSW Minerals Council and Low Emissions Technology Australia. Brett joined Santos in December 2018. She is also responsible for the external affairs function including external communications and media and government relations. $, 254 149 Under his leadership, Santos is now Australias second-largest independent natural gas and liquids producer after implementing a focused strategy to build and grow around five core long-life, producing natural gas assets in Australia, Papua New Guinea and Timor-Leste. Anthony previously held the role of Chief Financial Officer, with responsibility for the finance, tax, treasury, planning, business development, commercial, investor relations and IT functions. No door has been closed to anybody wanting to knock on it with something different.. Analysts supported the acquisition, saying Santos had now quashed any doubts over whether it made the right decision when it rejected US private equity firm Harbour Energys $14.5 billion takeover bid earlier this year. Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. Oil Searchs board reiterated its unanimous recommendation for the deal, citing the experts recommendation that it is in shareholders best interests unless a higher bid emerges. Santos, Australia's second-largest independent gas producer, hiked its offer by 6.5% to 0.6275 new Santos shares for each Oil Search share from 0.589, which had been rejected in June by the Papua New Guinea-focused oil and gas producer. Credit: REUTERS/DAVID GRAY. Compare Standard and Premium Digital here. "It does increase gearing so Santos may have to reshuffle growth priorities, but it should continue to degear fairly quickly assuming the oil price stays strong. Mr Gallagher has implemented a disciplined low-cost operating model and strengthened the balance sheet to support the companys strategy, creating a strong cash-generative business that has delivered a series of record results. Angus Jaffray EXECUTIVE ADVISER BA (Hons) Geography, MBA Kim Lee EXECUTIVE VICE PRESIDENT, PEOPLE, CULTURE & BRAND Bachelor of Science (Biological) Bart Lismont EXECUTIVE VICE PRESIDENT MAJOR PROJECTS BEng (Mechanical), MBA Anthea McKinnell CHIEF FINANCIAL OFFICER BComm Accounting and Taxation, FCA, GAICD Anthony Neilson CHIEF COMMERCIAL OFFICER No matter how talented an athlete is, seeking advice from those who have gone before you is part of the journey to success. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The most powerful knowledgebase mapped from 20 years of research and insight into every WA The strategy has included successful acquisitions of Quadrant Energy and ConocoPhillips Australia-West business, and a merger with Oil Search. Oil Search said that, subject to each company completing due diligence on the other, the Oil Search board intended to unanimously recommend that shareholders vote in favour of the revised offer in the absence of a superior proposal. Most recently, he was Oil Searchs Executive Vice President and Co-Head Papua New Guinea, with responsibility for the companys PNG operations and development. In 2016 to 2017, she advised Caltex Australia on public affairs and strategic issues management, in particular wage underpayment by franchisees. "This acquisition will substantially lessen competition and extend the reach of the east coast gas cartel to the west," Mr Robertson said. Simply log into Settings & Account and select "Cancel" on the right-hand side. Santos CEO Kevin Gallagher, who will head the merged group, has said the two companies will be stronger together and act as a regional champion of oil and gas for Asia, as well as investing more in cleaner energy projects. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Based on Santos's closing price on Friday, the deal values Oil Search at A$4.05 a share, a 6% premium over Oil Search's close on Friday. Its share price shot up to be more than 11 per cent higher in afternoon trade at a three-year high of $6.98. Jodie commenced her career in the legal private sector, working in the UK and Australia, before taking on senior in-house roles in the oil and gas industry. MELBOURNE, Nov 11 (Reuters) - Oil Search (OSH.AX) shareholders are set to vote on Dec. 7 on a merger with Santos Ltd (STO.AX) after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert. Most recently, Kim held senior executive roles as Chief People and Performance Officer, Transformation and Chief of Staff at The Star Entertainment Group. "The deal will leave Santos with a dominant domestic market position on the west coast, enabling it to capture more value from gas trading and optimisation, but this might also raise ACCC concerns," said Saul Kavonic, Credit Suisse's director of Asia Pacific Markets. Grant Samuel calculated the value of Oil Search at $4.40 to $5.42 a share, excluding merger synergies, assuming oil prices that trend down to $US54 to $US64 a barrel by 2026. Santos back in black, making acquisitions and paying dividends. Daily news and in-depth stories in your inbox, The maritime sector is not only subject to rapid technological developments and digitization, but also to new legislation and strict environmental requirements. Brett holds a Bachelor of Civil Engineering degree from the University of Queensland and is a Chartered Engineer. Bachelor of Arts (Modern Asian Studies)/ Bachelor of Laws, GAICD. Premium access for businesses and educational institutions. Based on Santos' closing share price of A$6.78 on Thursday, its offer valued Oil Search at A$4.25 a share, slightly above Oil Search's close, indicating investors expect the deal to go ahead. Oil Search shareholders have overwhelmingly backed a $21bn merger with Santos, creating a top 20 listed ASX company and one of the 20 biggest oil and gas companies in the world. The deal would create a new entity positioned in the top-20 ASX-listed companies and the 20 largest global oil and gas companies. It highlighted real challenges for Oil Search to fund its growth opportunities in PNG and Alaska on a standalone basis, noting the backdrop of accelerating structural changes in global energy markets that has reduced the flow of funding to oil and gas companies. We're supportive of the transaction. Jodie has served on the advisory board of the Curtin University Law School as well as Muscular Dystrophy WA. Corporate, Exploration, Eliminations & Other, Small gains for Aussie shares in first-half as decade-high interest rates weigh, Consumer and property stocks drag Australian shares lower, 794 M "They did not; they're private citizens.". The broker estimates the scrip ratio could rise to 0.60 Santos shares. "It's a good strategic buy given their knowledge of asset base, synergies and potential growth opportunity, and at a reasonable price," Mr Forster said. Mr Gallagher has positioned Santos to leverage the critical role natural gas will play in delivering energy security through the energy transition to net-zero emissions. He has extensive project development experience across the full project lifecycle and has lived and worked in several locations around the world. Standard Digital includes access to a wealth of global news, analysis and expert opinion. On the face of it, the first half of 2018 is a solid beat versus our expectations, RBC Capital Markets analyst Ben Wilson said. Some analysts believe Santos is stretching itself thin following the Quadrant takeover. As CFO, Anthea has oversight of the information systems, finance, tax, treasury, planning, and investor relations functions within Santos. Business journalist with 18 years of experience covering primarily the aviation and mining industries at Reuters, the Australian Financial Review and the Sydney Morning Herald. She has worked in many diverse industries, including fast moving consumer goods (FMCG), building products, pulp, paper and packaging, hospitality, tourism and gaming, in both large private and ASX listed companies. Overview Financials News RHC ASX Chart Advanced Snapshot Ramsay Health Care (Ramsay) provides healthcare services through a global network of clinical practice, teaching and research. Mr Gallagher rejected these claims, stating that Quadrant would fall well within Santos' five core assets. As a Supply Chain Manager, Angus was accountable for procurement, planning, logistics and product delivery. Santos investors have joined Snowcap Research in voicing frustration at the oil and gas producer's floundering share price, but do not agree that ditching its growth strategy is the way to go . Billionaires want to save the world. Brett is a graduate of the Harvard Business School Advanced Management Program. Profit was also supported by the sell-off of its Asian non-core assets for $US221 million. Follow the topics, people and companies that matter to you. Santos Managing Director and Chief Executive Officer, Kevin Gallagher, said about the potential merger: It represents a compelling combination of two industry leaders to create an unrivalled regional champion of size and scale with a unique diversified portfolio of long-life, low-cost oil and gas assets. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The new entity would have a combined 2021 production of approximately 116 million barrels of oil equivalent and a combined 2P+2C resource base of 4,983 million barrels of oil equivalent. Other recent deals include Chevron Corp's (CVX.N) takeover of Noble Energy and ConocoPhillips' takeover of Concho Resources. You may change or cancel your subscription or trial at any time online. "I can handle that; I ran for public office," he told reporters. Whats so wrong with that. The . ), UBS Balks at Potential IPO for Credit Suisse Domestic Unit, Swiss Paper Says, Severn Trent Water Seeks Alliance Against Nationalization, Charting the Global Economy: US Inflation Cools, Europes Rises, S. 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It was the first court appearance since the embattled Republican congressman pleading not guilty last month to a 13-count indictment accusing him of fraud, money laundering and theft of public . RELATED: George Santos: The Man, the Myths, the Lessons. From 2011 to 2016, Ms Winters drove the environmental approvals and land access processes to deliver the QCLNG project. "At the end of the day there are going to be one or two out there who are going to say it's not enough in the deal that we've got, but the majority of shareholders we've spoken to see the strategic benefit of putting these two businesses together," Fredericson told Reuters. See here for a complete list of exchanges and delays. Santos shares closed on Thursday down 2 per cent at $6.78, meaning the offer values Oil Search shares at $4.25 apiece. Anthea joined Santos in 2019 as Deputy Chief Financial Officer, before commencing in the Chief Financial Officer role in 2022. Since 2020 she has held the role of Strategic Adviser External Affairs (becoming a contractor in 2023). Acting Oil Search chief executive Peter Fredricson said investors needed to look at the strategic benefits of the larger merged entity, rather than focus just on the valuation, which was one of many in the market and which had raised some concerns at Oil Search as to how it had been arrived at. In case of a deal, Santos shareholders would have owned 63 per cent of the combined company and Oil Search investors the remaining 37 per cent. The shareholders of ASX-listed Oil Search have backed a merger with fellow-listed Santos, with 95.07% of votes cast at the company's shareholder meeting, being in favour of the transaction. Janettes previous leadership roles include sustainability, environment, engineering services, supply chain, procurement, government relations, projects delivery, legal services and operations roles. There are some new holders. $. In this capacity, Bart was responsible for development, between discovery and production, for all of Shells operated conventional oil and gas assets. This independent expert report only reinforces our views on the Santos merger, and its very likely we will vote our shares against the merger, said Simon Mawhinney at Allan Gray, after advisory firm Grant Samuel found a big gap between the value Oil Search is bringing to the merger and its agreed share of the combined group.
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