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Southern Gas Ltd. Announces New Gas Discovery in the Gulf of Mexico
Southern Gas Ltd. (SGL) today announced a significant new gas discovery in the Gulf of Mexico. The discovery was made in the company's deepwater exploration block, located approximately 100 miles offshore Louisiana.
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Southern Gas Ltd. Reports Strong Fourth Quarter Results
Southern Gas Ltd. (SGL) today reported strong fourth quarter and full year 2022 financial results. The company's net income for the quarter was $1.2 billion, up 25% from the same period last year.
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Southern Gas Ltd. to Acquire Rival Gas Company
Southern Gas Ltd. (SGL) today announced that it has agreed to acquire rival gas company, XYZ Gas Corp., for $5 billion. The acquisition is expected to close in the second quarter of 2023.
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Southern Gas Ltd. Announces New Gas Field Discovery
Southern Gas Ltd. has announced the discovery of a new gas field in the Surat Basin, Queensland, Australia. The field, named the "Olive Field", is estimated to contain approximately 2 trillion cubic feet of gas. This discovery is a significant boost to Southern Gas's reserves and will help to meet the growing demand for gas in Queensland and the wider Australian market.
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Southern Gas Ltd. Completes Acquisition of Queensland Gas Assets
Southern Gas Ltd. has completed the acquisition of a portfolio of gas assets in Queensland, Australia, from Origin Energy Ltd. The acquisition includes a number of gas fields, pipelines and processing facilities. This acquisition will significantly increase Southern Gas's production capacity and will help to meet the growing demand for gas in Queensland and the wider Australian market.
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Southern Gas Ltd. Announces Record Revenue and Earnings
Southern Gas Ltd. has announced record revenue and earnings for the six months ended 31 December 2022. The company's revenue increased by 25% to $450 million, and its earnings increased by 30% to $150 million. This strong financial performance was driven by the company's increased gas production and the higher prices for gas in the Australian market.