Plans for one of the largest new oil developments in Australia have been shelved by Santos, prompting a sharp drop in the share price of the project's minority partner.

Carnarvon and Taiwan’s CPC Corporation each own 10 per cent of Dorado, while Santos owns 80 per cent. Dorado, found in 2018, was the largest oil discovery on WA’s North West Shelf in decades.

The decision will please frustrated shareholders who have pushed for Santos to trim capital expenditure, though it risks capping growth opportunities through a renewed focus on fiscal discipline.

Followed categories will be added to My News. The decision will please frustrated shareholders who have pushed for Santos to trim capital expenditure, though it risks capping growth opportunities ...

Gift 5 articles to anyone you choose each month when you subscribe. Santos has put plans for a $3.2 billion oil and gas project in Western Australia on ice as it works on increasing shareholder ...

And he knows the financial context and situation at Santos all too well. Santos CEO Pedro Martins appeared to rule out a loan and said recently: "There is nothing advanced, nothing closed.

A photo released by the Everett Police Department showing Andrew Freeman a “person of interest” in connection to the stabbing of a teenage boy near the intersection of 26th Street and Broadway ...

Everett Mayor Carlo DeMaria is running for reelection. It would be more accurate to say he’s running to prove bullies don’t win. He’s staying in the fight for all the supporters who stood by ...