News
16 June 2025

Adnoc's $19bn takeover bid for Australia’s Santos

In:
Oil & gas
Region:
Middle East & Africa, Asia-Pacific

Adnoc has submitted an $18.7 billion bid for Australian fossil fuel producer Santos, aiming to expand its production of LNG through overseas operations. Adnoc’s investment arm XRG, alongside Abu Dhabi Development Holding and Carlyle Group, is leading the consortium targeting one of the...

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