Australian oil and gas company Santos sells non-core gas assets to focus on growth projects. Assets include 42.86% stake in Mahalo JV to Comet Ridge for $26.5m upfront and $20m in contingent payments. Sale of Petrel and Tern fields to Eni Australia completed, reducing decommissioning obligations. Managing director Kevin Gallagher emphasizes capital discipline for shareholder returns and future growth opportunities. Santos’ BW Opal vessel receives first gas from Barossa LNG project. XRG-led consortium withdraws $18.7bn offer to acquire Santos.
Read more at Yahoo Finance: Santos announces sale of non-core gas assets to Eni, Comet Ridge
