Santos' decommissioning liability matches a quarter of its $22b value, but its disclosures to investors fared poorly against the latest accounting standards, according to an international survey.
Australia's biggest oil and gas producer has posted record production and cut costs, but weak fossil fuel prices have weighed on profits
Investors beware: after spending more than $40 million in the Canning Basin, the US-owned company's continued pursuit of remote gas appears to be throwing good money after bad.
Hancock Energy, part of Gina Rinehart's Hancock Prospecting, owns half of Senex Energy in Queensland and acquired Perth Basin gas company Warrego Energy in 2023.
The Belisama project inland from Dongara could supply up to 20 per cent of WA's demand from 2029.
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