Latest Santos News

Enova Mining confirms robust rare earth and titanium mineralisation across its Brazilian projects, advancing towards maiden drilling at East Salinas backed by a $0.85 million capital raise.

Comet Ridge has made significant progress in its Mahalo Gas Hub development, advancing engineering design and securing independent certification of substantial gas reserves. The company is moving closer to a Final Investment Decision amid ongoing regulatory and commercial negotiations.

Capstone Copper delivered a landmark Q3 2025 with record revenue, lowest-ever cash costs, and a strategic joint venture that derisks its Santo Domingo project. The company’s growth trajectory is bolstered by robust production gains and promising exploration results.

Karoon Energy has appointed industry veteran Carri Lockhart as its new CEO, signaling a strategic push as it prepares to operate the Baúna FPSO and expand in Brazil and the US.

Synertec Corporation has reported its strongest first quarter since FY19, driven by a 13% revenue increase and a new order for its Powerhouse microgrid units from Santos. The company’s engineering division also shows promising expansion with a robust project pipeline.

Xstate Resources has significantly upgraded its Prospective Resource estimate for the Diona Block in Queensland, revealing substantial Basin Centred Gas potential that could reshape the project’s outlook.

Red Sky Energy has officially begun drilling at its Killanoola-2 well in South Australia, marking a significant step in advancing its oil project with promising resource potential and commercial partnerships.

Orion Resource Partners has agreed to acquire a quarter stake in Capstone Copper’s Santo Domingo and Sierra Norte projects, injecting up to US$360 million contingent on project milestones and a positive investment decision.

Karoon Energy reported a 12% production dip in Q3 2025 due to operational challenges but saw a 3% revenue increase driven by higher oil prices and secured a new deepwater block in Brazil.

Red Sky Energy has secured regulatory approval to begin drilling the Killanoola-2 well, marking a significant step forward for its South Australian oil project. Drilling is expected to commence imminently, potentially unlocking substantial new resources.

Spectur Limited has successfully raised $2.3 million through a premium-priced placement to fast-track its AI Cloud Platform and sovereign cloud capabilities, alongside notable board changes ahead of its AGM.

GR Engineering Services Limited reported a robust FY25 with revenue climbing to $479 million and EBITDA surging to $57.2 million, supported by successful project completions and an expanded contract pipeline. The company declared a higher fully franked dividend and maintains a strong cash position as it looks ahead to FY26.