50.24$US/1 Barrel
58.30$US/1 Barrel
53.70$US/1 Barrel
70.77$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
68.98$US/1 Barrel
68.83$US/1 Barrel
67.03$US/1 Barrel
51.81$US/1 Barrel
57.57$US/1 Barrel
55.28$US/1 Barrel
62.57$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
54.25$US/1 Barrel
59.25$US/1 Barrel
60.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
467.00$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
832.75$US/MT
SEATTLE (Oil Monster): Santos Ltd., which operates in the United States, Australia, Papua New Guinea, and East Timor, released its second quarter 2025 results. In the April-June quarter, the company produced 22.2 million barrels of oil equivalent (MMboe), which was 1% more than in the first quarter of 2025. The effects of the Cooper Basin flood counterbalanced the enhanced output from the Western Australia region.
The quarter's sales revenue was $1.29 billion, a 1% decrease from the previous quarter. Lower prices for liquids countered the increase in sales volume.
The company's sales of liquefied natural gas (LNG) decreased from 1.36 million metric tons in Q1 to 1.27 million metric tons. 49 cargoes were exported by the company's LNG projects in the second quarter of this year.
Western Australia was the main driver of the increase in domestic gas sales, which went from 45.8 petajoules in Q1 to 51.2 petajoules in Q2. 1.85 million barrels of crude oil were sold, up from 1.26 million barrels. Liquefied petroleum gas sales also increased from 7,800 metric tons to 29,800 metric tons. Conversely, condensate sales decreased to 997,600 barrels from 1.14 million barrels.
The Pikka oilfield in Alaska's Phase 1 development is about 89% finished, the business reported. By mid-2026, the startup is anticipated. By the end of Q2, the Barossa Gas Project was also approximately 97% complete.
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