SYDNEY] Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18 ...

ADNOC, through its investment arm XRG, with Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle has ...

Santos shares surged over 15% following a $18.7 billion takeover bid by a consortium led by a unit of Abu Dhabi's National ...

Iran’s GDP was $434 billion, while Israel’s economy stood at $540 billion. Iran’s biggest source of income is crude oil, but ...

Santos shares rose as much as 15% on Monday, their biggest intraday jump since April 2020, and were at A$7.805 at 11:53 a.m. in Sydney.

Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting ...

Australian energy major Santos has finally found a buyer after a Middle Eastern oil company lodged a $29 billion bid, but the ...

The company has landed the largest ever cash deal in the global energy sector. The only problem is getting the bid past the ...

By Scott Murdoch (Reuters) -Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion ...

By Scott Murdoch (Reuters) -Australian oil and gas producer Santos said on Monday it intended to support an $18.7 billion ...

Santos said the consortium, led by Abu Dhabi National Oil Co. unit XRG, is offering 8.89 Australian dollars a share, equivalent to US$5.76, in cash. That offer--described by Santos as final--follows ...