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Abu Dhabi, Santos

Reuters on MSN · 1d

'Deep pockets' could help Abu Dhabi win regulatory approval for Santos bid, analysts say

Abu Dhabi National Oil Company, preparing an $18.7 billion bid for Santos , is likely to face close scrutiny from Australian regulators worried about local gas supply, but could win them over with pledges to speed up new projects,

The Australian · 1h

Explained: Santos and bidder Abu Dhabi National Oil Company are two giants in their regions

The Abu Dhabi conglomerate behind a near $30bn bid to buy Australian oil and gas giant Santos is a major player across the Middle East and Africa, with projects ranging from gas exploration and production to refineries,

Financial Times · 1d

Abu Dhabi’s Adnoc makes $19bn bid to take over Australia’s Santos

Santos said XRG, an investment arm of the Abu Dhabi National Oil Company, had made an indicative cash offer of $5.76 a share, valuing the Adelaide-based company at $18.7bn. It represents a 28 per cent premium to Santos’s closing share price last week.

6don MSN

BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets

A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover ...

6d

Adnoc Is Said to Evaluate Possibility of Buying Some BP Assets

Abu Dhabi’s main oil company is evaluating whether it can buy some of BP Plc’s key assets should the embattled British firm ...

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