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Abu Dhabi drops its planned $30bn bid for Santos
An Abu Dhabi-based consortium has withdrawn its planned $30bn takeover bid for offer for the Australian oil and gas producer Santos.
The consortium led by investment company XRG – a vehicle for the Abu Dhabi National Oil Company – blamed a “combination of factors” for its change of heart.
It said that there had been a comprehensive evaluation but it had decided not to proceed after due diligence “impacted the consortium’s assessment of its indicative offer”.
XRG said:
The consortium was prepared to undertake new long-term commitments to Australian energy production that would deliver meaningful benefits to domestic gas consumers and enhance regional energy security.
As a strategic long-term investor, XRG remains dedicated to pursuing opportunities across gas & LNG, chemicals, and energy solutions, and has a rich and deep pipeline of investment opportunities
Adelaide-based Santos has operations in Australia, East Timor, Papua New Guinea and the United States, and is a major supplier of liquefied natural gas in Australia and Asia
Police have charged a man with murder, hours after bones were found during a search for the remains of a woman who vanished more than 20 years ago, Australian Associated Press reports.
The breakthrough in the cold case was made late on Wednesday following the discovery of suspected human remains, believed to be those of Susan Goodwin, 39, buried in the backyard of a house in Port Lincoln, South Australia.
Detectives arrested and charged a 64-year-old Port Lincoln man with the murder of Goodwin, who was reported missing in July 2002.
He will appear in Port Lincoln magistrates court today.
An anthropologist from Forensic Science SA has travelled to the town to confirm if the bones are human remains and continue excavations.
Police had been using specialised radar equipment to scan a property in Pamir Court, which adjoins Moonta Crescent, where Susan Goodwin had lived.
On Tuesday, Det Insp Andrew Macrae said it was “a tragedy that Susan’s family have spent the last 23 years without answers”.
Goodwin was last seen about lunchtime on 19 July, 2002 after shopping at Coles and Woolworths in Port Lincoln.
In 2017, police said a public appeal for information had led to seven persons of interest being cleared by the investigation.
A reward of up to $200,000 is offered for information leading to the conviction of Ms Goodwin’s killer and/or information that leads to the recovery of her remains.
Welcome
Good morning and welcome to our live news blog. I’m Martin Farrer with the stories making the headlines first thing, before I pass the baton on to Nick Visser.
The big news today is expected to be the Albanese government announcing its carbon emissions target for the next decade. But before we get that, there’s plenty of other news around.
Australia’s jobs market is forecast to remain in good health, despite the prospect that the latest figures due out this morning will show a rise in the unemployment rate. Economists don’t think it will affect interest rates, although there could be a knock-on from the US Fed’s decision overnight to cut rates for the first time since December. More coming up.
Police in South Australia have charged a man with murder, hours after bones were found during a search for the remains of a woman who vanished more than 20 years ago. More coming up on that too.
And a $30bn takeover bid for Australian gas giant Santos has been withdrawn at the last minute after a consortium led by the UAE’s state-owned Abu Dhabi National Oil Company reconsidered its offer.
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