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22.01.26 - 00:24
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Santos shares increase on strong quarterly cash flows (Fool)
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Shares in Santos Ltd (ASX: STO) are trading higher after the company announced a major boost to cash flows over …
The post Santos shares increase on strong quarterly cash flows appeared first on The Motley Fool Australia....
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18.09.25 - 06:48
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Santos Focused on Future Growth After Abu Dhabi Consortium Withdraws $31b Takeover Bid (Small Caps)
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For the second time in 18 months, a potential suitor has walked away from a proposed takeover of leading Australian oil and gas company Santos (ASX: STO). XRG – the foreign investment arm of the Abu Dhabi National Oil Company (ADNOC) and its bidding partners – announced overnight the withdrawl of their $31 billion offer […]
The post Santos Focused on Future Growth After Abu Dhabi Consortium Withdraws $31b Takeover Bid appeared first on Small Caps....
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18.06.25 - 11:21
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Abu Dhabi Makes Major Push Into LNG With $19 Billion Santos Takeover (ZeroHedge)
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Abu Dhabi Makes Major Push Into LNG With $19 Billion Santos Takeover
Abu Dhabi is making its biggest energy play yet, as it seeks to become a major global force in liquefied natural gas (LNG). Its state oil company, ADNOC, through its investment arm XRG PJSC, has led a $19 billion takeover offer for Australia's Santos Ltd., a move that would give it direct access to LNG production and exports into booming Asian markets, according to Bloomberg.
“Abu Dhabi is long oil, but is seeking to be a more material player in LNG markets,” said Bernstein analysts led by Neil Beveridge. “The acquisition of Santos would help enable Adnoc to become a bigger LNG player in key growth markets in Asia.”
Santos' LNG capacity is expected to hit 7.5 million tons annually once Australia's Barossa project begins later this year. Combined with ADNOC's existing 6 million tons of domestic LNG capacity and a planned 9.6 million-ton terminal, the deal would position Abu Dhabi as a competitive mid-tier global LN...
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17.06.25 - 07:02
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Regulatory roadblocks threaten to derail ADNOC′s proposed $30b takeover of Santos (Small Caps)
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Industry experts are already suggesting that the $30 billion takeover bid for Santos (ASX: STO) by global oil and gas giant the Abu Dhabi National Oil Company (ADNOC) is looking less likely to succeed. While the Santos board has indicated it is willing to back the move, there is a growing feeling that the foreign […]
The post Regulatory roadblocks threaten to derail ADNOC's proposed $30b takeover of Santos appeared first on Small Caps....
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