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Additional information
Additional Information
Market: ASX
Sector: Oil and Gas Exploration and Production
Epic: ASX:STO
News: Latest news
Web Site: Santos
Other Articles: 13-08-200902-07-200908-12-2008

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Friday March 12, 08:50Baobab Resources resumes drilling at Tete iron-vanadium-titanium project

Shares in the company were lifted by the news it started a 12,000 metres scout drilling campaign at its project in Mozambique, with constant updates expected in the next few months.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Santos

Santos

Santos is a major Australian oil and gas exploration and production company with interests and operations in every major Australian petroleum province and in Indonesia, Papua New Guinea, Vietnam, India, Bangladesh, Kyrgyzstan and Egypt.

Monday, December 08, 2008

Crude oil price rise, takeover boosts Woodside and Santos

Crude oil rose for the first time in seven days in New York after the Organization of Petroleum Exporting Countries’ president said there was consensus for a “significant” production cut when the group meets next week.

Group president Chakib Khelil told the Associated Press a “severe” cut may be needed to halt the decline in prices. Slowing world economies will trim global demand growth to 0.2 percent next year, the International Energy Agency said Dec. 5.

Crude oil for January delivery rose as much as $1.33, or 3.3 percent, to $42.14 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $41.81 at 10:13 a.m. Sydney time.

Takeover rumour for Santos

ASX oil companies rose strongly in Monday trading.  According to Chinese reports, China National Petroleum Corp is looking to team up with a foreign oil company to bid for Santos. Woodside Petroleum (ASX:WPL) was up 8.0%, or $2.53 to $33.01 and Santos (ASX:STO) was up 9.3%, or $1.15, to $13.30.

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