SYDNEY/TOKYO -- A wave of consolidation is sweeping across Australia's energy sector as leading players from BHP to Santos shift resources from oil and gas to greener fields like electric cars and hydrogen.
Energy
Decarbonization fuels M&A push in Australia's energy sector
Leading players streamline oil and gas assets with eye on green transition
An Oil Search facility in Papua New Guinea: Santos expects to unlock $115 million in annual synergies from the companies' merger. (Photo courtesy of Oil Search)
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