Santos reportedly mulls stake sale in Dorado field and Bedout project

first_imgThe company is also looking to sell stakes in the Van Gogh and Pyrenees projects, as per a media report Santos is reportedly considering to sell stakes in the Dorado development and the Bedout exploration portfolio. (Credit: aymane jdidi from Pixabay) Australian energy company Santos is reportedly looking to divest its stakes in the Dorado field and the Bedout exploration portfolio, offshore Australia.In this connection, the company has hired the services of Goldman Sachs to sell a 20%-30% interest in the Dorado development, reported Reuters, citing a sales document of Santos.Dorado is located in the Bedout Basin, off the coast of Western Australia.The news agency also reported that the company is mulling to divest its stake of 52.5% in the producing Van Gogh oil field and the Ningaloo Vision production vessel in the Exmouth Basin, offshore Western Australia.Apart from that, the company is considering the sale of a 29% stake in the offshore Pyrenees oilfield in the same state.As per the sales document, the Bedout Basin, which is yet to be developed, holds prospective resources of 990 million barrels of oil equivalent. Nearly half of the resources are oil-bearing.In the Dorado field, Santos has an 80% stake and is partnered by Carnarvon, which holds the remaining 20% stake. The field holds 150 million barrels of contingent 2C oil resources, as per Santos’ sales document.The company is expected to take a final investment decision (FID) on the project in the first half of next year.Recently, the company took an FID on the $3.6bn Barossa project, located offshore Northern Territory. The project involves the development of the Barossa gas and condensate field in the Australian waters of the Timor Sea.Santos had awarded a $4.6bn worth contract to BW Offshore for construction, connection, and operation of the project-related FPSO.last_img read more

India overtakes Brazil with second-highest virus cases

first_imgIndia overtook Brazil on Monday to become the second-worst affected country in terms of coronavirus cases behind the United States, according to an AFP tally.The South Asian nation has recorded 4.20 million infections since the pandemic began, health ministry data showed, compared with 4.12 million in Brazil and 6.25 million in the US.India has also recorded 71,642 deaths, fewer than the 126,203 in Brazil and 188,540 in the US. Topics : Many experts, however, say it is not testing enough people and not properly recording many deaths, meaning the real numbers may be much higher.Since August the country of 1.3 billion people, home to some of the world’s most densely populated cities, has been reporting the highest single-day rises in the world. On Monday it reported an increase of more than 90,000 cases.Its caseload moved past four million on Saturday, only 13 days after hitting three million.Virologist Shahid Jameel, who heads the Wellcome Trust/DBT India Alliance, said the key factor to watch is the growth rate in infections, which he called “quite alarming”.center_img “Over the past two weeks, the… average has moved from about 65,000 cases per day to about 83,000 cases per day, that is about a 27-percent increase over two weeks or about two percent per day,” Jameel told AFP.India has been testing more than 10 million people per day on average, with plans to ramp it up further.The Indian Council of Medical Research, the scientific agency leading the government’s response, on Friday revised the testing criteria, allowing anyone to undergo a test without a doctor’s letter.Jameel said the move was overdue.”This will uncover more asymptomatic people, who are the real source of this expansion in India. There should also be more testing in rural districts and villages, since over two-thirds of the cases are coming from there,” he said.Despite warnings that it could eventually overtake the US to become the world’s most-infected country, India has been steadily reopening its pandemic-battered economy.Economic output contracted a historic 23.9 percent between April and June.On Monday, metro trains in major cities, including the capital New Delhi — one of the most badly hit cities along with financial hub Mumbai — reopened after a hiatus of nearly six months.Early morning images showed masked commuters sitting in nearly empty coaches and flashing victory signs to journalists.Passengers can only sit on alternate seats, and after undergoing thermal screening.Delhi, a city teeming with 20 million people, recorded 3,256 new infections on Sunday — its highest single day spike in 73 days. It was also the first time cases crossed the 3,000 mark during this period.last_img read more

Wotif you could escape to this heritage house?

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45HIS family co-founded an online accommodation booking juggernaut, and then flipped it for a cool $700 million.Wotif was launched by entrepreneur Graeme Wood and business partner Andrew Brice, in Brisbane in 2000, and it was sold to US travel giant Expedia in 2014. The kitchen has European stainless-steel appliances, a Carrara marble island benchtop, American walnut island benchtop feature, and a scullery. The Brisbane success story that is Wotif was sold to US travel site Expedia.Now Will Brice, the son of Andrew Brice, is set to flip his own heritage escape, and is no doubt keen for another strong result. William Brice with his children Henry Bresler and Louis Brice. Lyndon Mechielsen/The Australian“When the agent called, I had to have it. We bought the house less than two years ago and embarked on a massive renovation, a total rebuild in fact from the ground up,” Mr Brice said.“It was a huge labour of love.” The house is full of pieces and features from around the world, including an American walnut island benchtop feature and Jane Churchill and European wallpapers throughout the formal spaces.It has five bedrooms, four entertaining area, and three bathrooms, and it commands an impressive street presence with its white picket fence and landscaped gardens. More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoTraditional features have been maintained and restored where possible, including the original ornamental fireplace in the foyer, the original ironwork detail on the front veranda, the Juliette balcony and the internal staircase.Meanwhile, modern inclusions have brought the old homestead in to the future. At the rear of the house is the master suite, which has a spacious ensuite and a walk-in wardrobe on offer.The children’s wing is home to three bedrooms with pure wool Berber carpeting, a rumpus room and a mud room.A key feature of the house is the “indoor/outdoor room”, which opens via sliding glass doors to create an alfresco dining space with its own wood fireplace, wet bar and built-in refrigerators. This area also flows out to the garden and pool deck, while the pool, ringed by Travertine pavers, has floating steppers that allow access to the covered pool cabana. Another cool feature is the attic retreat with its built-in day beds, an ideal space for a library, quiet area to study, or a private space for guests.The property is being marketed by Ray White Sherwood-Graceville and will go under the hammer at 12pm on June 8. *TO FIND OUT MORE ABOUT THE RENOVATION AND SEE ALL OF THE PICTURES, PICK UP A COPY OF THE COURIER MAIL REALESTATE GUIDE ON SATURDAY.last_img read more