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Abu Dhabi’s Adnoc makes $19bn bid to take over Australia’s Santos
Adelaide-based Santos said that XRG, comprised of the Abu Dhabi National Oil Company, Abu Dhabi Development Holding Company and US private equity fund Carlyle, had tabled an indicative cash offer of US$5.76 a share — equivalent to A$8.89 — which represented a 28 per cent premium to the company’s closing share price last week.
Adnoc Makes $19 Billion Takeover Bid for Australia’s Santos
Abu Dhabi National Oil Co. has made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., in one of the most audacious overseas moves yet by the Middle Eastern company as it seeks to expand its production of liquefied natural gas.
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover ...
Abu Dhabi’s main oil company is evaluating whether it can buy some of BP Plc’s key assets should the embattled British firm ...
ADNOC Gas said on Tuesday it had taken a final investment decision on the first phase of its Rich Gas Development (RGD) ...
ADNOC’s bid for Santos signals the UAE’s growing ambition to expand its energy footprint globally, particularly in LNG. The ...
It comes after Street Talk reported on Sunday that Adnoc had held preliminary talks with Santos about taking a stake in the ...
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ADNOC and Inpex progress to production phase of Abu Dhabi's Onshore Block 4By Editorial Abu Dhabi National Oil Co. (ADNOC) and Japan’s Inpex Corp. (Inpex) have moved forward to the production phase of ...
With a biofuel-powered fleet, AI-driven emissions controls, and expanding clean fuel infrastructure, ADNOC Distribution is ...
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