Santos wins legal battle against Fluor Australia over Gladstone LNG project, as Queensland Supreme Court orders Fluor to pay A$692m. Dispute arose from 2011 contract for project’s facilities, with Santos seeking to recover unjust payments and enforce parent company guarantee. Referees support Santos’ cost recovery position, court upholds conclusions.

Final amount, including interest and legal costs, to be confirmed soon. In other news, Santos extends exclusivity period with XRG Consortium amid discussions for an $18.7bn acquisition. Consortium, led by XRG, nearing due diligence completion with no issues hindering non-binding indicative proposal. Source: Offshore Technology.

Read more at Yahoo Finance: Santos wins legal battle against Fluor Australia on Gladstone LNG project