Oz Santos Reports $357mn Net Loss
Feb 18, 2021 3:21:am
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by: Shardul Sharma
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Oz Santos Reports $357mn Net Loss
Australian oil and gas explorer Santos on February 18 reported a net loss of US$357mn during the 12 months to December 31 thanks to lower oil prices. It had recorded a net profit of US$674mn in the previous year.
“The reported net loss after tax of US$357mn includes the previously announced impairments, primarily due to lower oil price assumptions,” it said. Despite the net loss, the company delivered an underlying profit, which removes one-time charges, of US$287mn, down 60% year/year.
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SHELL INTERNATIONAL LIMITED/Reuters
Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday.
Retail giant Amazon , which faces pressure from environmental activists over its carbon footprint, has vowed to be net carbon neutral by 2040. Starting in 2024, it will off-take 380 megawatts (MW) of capacity from the Hollandske Kust Noord offshore wind farm, which is being built jointly by Shell and Eneco, the two energy firms said without disclosing financial details.
By Reuters Staff
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TOKYO (Reuters) - Royal Dutch Shell and renewables firm Eneco, owned by Japan’s Mitsubishi Corp, will provide Amazon.com Inc’s European facilities with electricity from an offshore wind farm, they said on Monday.
Retail giant Amazon, which faces pressure from environmental activists over its carbon footprint, has vowed to be net carbon neutral by 2040. Starting in 2024, it will off-take 380 megawatts (MW) of capacity from the Hollandske Kust Noord offshore wind farm, which is being built jointly by Shell and Eneco, the two energy firms said without disclosing financial details.
Eneco will provide 130 MW and Shell 250 MW under the deal, Shell said in a separate statement.
Royal Dutch Shell and renewables firm Eneco, owned by Japan's Mitsubishi Corp, will provide Amazon.com Inc's European facilities with electricity from an offshore wind farm, they said on Monday.