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A spokeswoman for the company said the Dorado decision came despite Santos’s confidence in the project. She said Santos would prioritise its local Barossa project and the Pikka project in Alaska.

It estimates the field holds some 162 million barrels of light oil and condensate when measured on a proven, probable and a contingent basis. Dorado also contains a large amount of natural gas.

It estimates the field holds some 162 million barrels of light oil and condensate when measured on a proven, probable and contingent basis. Dorado also contains a large amount of natural gas.

Santos has deferred its plans for the Dorado oil and gas project in Western Australia, valued at more than A$3bn ($1.87bn), leading to a sharp decline in partner Carnarvon Energy's share price.

Santos Ltd. will defer the Dorado Phase 1 liquids development project ... Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at ...

Carnarvon's shares closed about 23% lower, ending the day as the top loser on the local all ordinaries index, after the firm said Santos had dumped plans to buy an oil production and storage vessel at ...

A driver stopped at a red light was killed when his car was hit from behind at a Northeast El Paso traffic intersection, the El Paso Police Department said. Cody Lewis Vaughn, 31, a Northeast ...