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Updated 2026-05-15 22:02

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Falling oil prices prompt Santos to cut capex

The GLNG project is expected to start first shipments in the second half of 2015, with Santos last week saying the project was about 90pc complete. Santos' other major project it has invested in recent years is the ExxonMobil-led 6.9mn t/yr PNG LNG project in Papua New Guinea (PNG), which started shipments earlier this year. … Santos also said today it will defer any hybrid debt-equity issue until market conditions improve, having said on 26 November that it had considered a potential European...

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Breaking News, Latest News and Videos - ABC News

“We are successfully executing our strategy and growing everysegment of our business,” UPS Chairman and Chief Executive OfficerJim Kelly said in a statement accompanying the earnings results. BACK TO TOP Sears Beats the Street Retail giantSears Roebuck reported today an 18 percentincrease in third-quarter income that beat Wall Streetforecasts, as fewer outstanding shares and a good performancefrom its credit operations boosted results. … “Our credit business contributed very strong growth...

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