Santos has initiated exclusive discussions with Abu Dhabi’s National Oil Company regarding a potential acquisition valued at $18.7 billion. This move has sparked significant interest within the energy sector, highlighting the ongoing evolution of market dynamics in the industry. The agreement establishes a six-week exclusive due diligence period, indicating Santos’ strong interest in the offer...
Abu Dhabi National Oil Company, along with investment group Carlyle, has made a takeover offer exceeding $36 billion for the Australian oil and gas company Santos. This significant bid has received support from the Santos board, but there remains uncertainty about whether the deal will ultimately be finalized. The proposed acquisition highlights the growing interest...
Abu Dhabi National Oil Company (Adnoc) has expressed interest in BP’s liquefied natural gas (LNG) assets and fuel retail business, signaling the possibility of a potential takeover. This interest comes amid significant shifts in the energy sector, as major companies reassess their strategies and align with the growing demand for cleaner energy solutions. Credit: Finimaze...