https://newsletter.mw.creamermedia.com
Energy|Gas|Oil And Gas|Oil-and-gas|PROJECT
Energy|Gas|Oil And Gas|Oil-and-gas|PROJECT
energy|gas|oil-and-gas|oilandgas|project

Australia's Santos to hike investment in US due to pro-energy policy - CEO

Kevin Gallagher

Kevin Gallagher

11th March 2025

By: Reuters

  

Font size: - +

HOUSTON - Australian oil and gas producer Santos will look to increase investments in the United States because of the pro-energy policies of US President Donald Trump's administration, Santos CEO Kevin Gallagher said on Monday.

Trump is seeking to maximize domestic oil and gas output, and has overturned many of the policies of his predecessor Joe Biden that aimed to spur a transition to a lower-carbon economy.

"We will invest more in the US because it is an attractive proposition because the US now has a comparative advantage against other countries," Gallagher said in remarks at the CERAWeek conference in Houston.

Santos could further invest in its Pikka project in Alaska, where the company expects first oil production in mid-2026, Gallagher told Reuters on the sidelines of the conference.

"The US has very pro development policy settings and we have a great project in Alaska and potential around it and the opportunity to invest there in the future," said Gallagher.

The first phase of the Pikka project, which is expected to produce 80 000 barrels per day (bpd) of oil, is only 25% of the discovered resource, said Gallagher. He declined to give details on what future production could be with more investment.

Gallagher told investors last month that Santos' annual oil and gas production would grow by over 30% in two years, in part because of the Pikka project.

 

Edited by Reuters

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (07/03/2025)
7th March 2025 By: Martin Creamer
Photo of Martin Creamer
Harmony Gold, Northam Platinum, WPIC make headlines
7th March 2025
Magazine round up | 07 March 2025
Magazine round up | 07 March 2025
7th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.093 0.164s - 126pq - 2rq
Subscribe Now