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Federal government agencies are facing a backlash over their dealings with gas giant santos, which allowed a major methane leak to be kept secret from the public for years Gas gas is escaping at 13 spots near santos wells offshore varanus island the company is monitoring the leaks that add to its problems at the ageing facilities. Amid final negotiations to seal the $19 billion takeover of santos ltd., suitors led by abu dhabi national oil co
Were alerted to media reports of a methane leak at one of the australian producer. Australian gas producer santos' shares fell nearly 14% on thursday after a consortium led by abu dhabi national oil company scrapped its $18.7 billion bid for the company, saying commercial terms. The facility, formerly operated by conocophillips and taken over by santos in 2020, is currently shut down for works ahead of its planned backfill with gas from the company's barossa field project in late 2025
According to the documents, methane leaks from one of the plant's storage tanks date back to 2006.
A consortium led by abu dhabi national oil co Had been deep into final talks when media reports of a methane leak at one of santos' sites surfaced People close to the matter said the disclosure, which didn't come directly from the company, eroded trust at a critical moment
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