MARKETS

Profits soar, sell downs stall, sanctions varied at Santos

SANTOS has sanctioned the Pikka oil project it took as part of its merger with Oil Search last year the same day it released half-year results showing a tripling of profit over this time a year ago.

Helen Clark

Kevin Gallagher

Underlying profit for the six months to June 30 was US$1.26 billion over $354 million the prior corresponding period. It was also close to selling a 5% stake in the PNG LNG project but after the...

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