MARKETS

AWE posts loss

AWE has posted a net after-tax loss of $217.5 million for 2016-17, which while 40% better than the year earlier, was largely driven by impairments and write downs of $209.8 million, primarily associated with its undeveloped Ande Ande Lumut project in Indonesia.

AWE posts loss

Santos - which paid $188 million for a 50% stake in AAL, including a remaining $88 million carry of AWE - last year put the oil field into its non-core business unit, and now says it has no immediate desire...

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