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Australia energy giants Woodside and Santos in talks to create $52 billion gas powerhouse
Shares of Australia’s Santos jumped to a five-week high on Friday on news the company is in talks to merge with Woodside Energy . Santos and Woodside Energy, two of Australia’s largest oil and gas producers, have opened talks to discuss a potential merger in what could create an 80 billion Australian dollar ($52 billion) oil and gas behemoth. “Concurrently, Santos is assessing a range of alternative structural options with a view to unlocking value,” according to a statement issued by Santos on Thursday. Shares of Santos spiked 11% in early trade on Friday while Woodside slipped 0.7%. Santos, which has a ... (full story)