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Posted On: 12/08/2023 5:35:35 AM
Post# of 27269
ENERGY
Australia energy giants Woodside and Santos in talks to create $52 billion gas powerhouse
KEY POINTS
Santos, which has a market capitalization of around 22 billion Australian dollars, said during its investor briefing day last month that it is working on options to lift its value.
Discussions are still in early stage, both companies emphasized that there is no certainty that any transaction will take place thus far.
The talks come as the latest in a spate of consolidation in the oil and gas space.
Australia energy giants Woodside and Santos in talks to create $52 billion gas powerhouse
KEY POINTS
Santos, which has a market capitalization of around 22 billion Australian dollars, said during its investor briefing day last month that it is working on options to lift its value.
Discussions are still in early stage, both companies emphasized that there is no certainty that any transaction will take place thus far.
The talks come as the latest in a spate of consolidation in the oil and gas space.
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