Abu Dhabi Oil Company Makes Billion-Dollar Offer for Australian Santos, Shaking Up the Global Gas Market

Written by Andriely Medeiros de Araújo

Published on 19/06/2025 at 18:45

ADNOC lidera consórcio que oferece US$ 18,7 bilhões pela australiana Santos. Oferta eleva ações da petroleira e reforça estratégia global da estatal de Abu Dhabi no setor de gás e GNL. Imagem: ADNOC

Be the first to react!

ADNOC Leads Consortium That Offers US$ 18.7 Billion for Australian Santos. Offer Boosts Petroleum Company Stocks and Strengthens Abu Dhabi’s Global Strategy in the Gas and LNG Sector.

In a strategic move that could reshape the international landscape of the oil and gas sector, state-owned ADNOC (Abu Dhabi National Oil Company) made an indicative bid of US$ 18.7 billion for the Australian oil company Santos. If completed, the transaction will solidify ADNOC’s presence in the liquefied natural gas (LNG) market and reinforce its positioning as a global player in the sector.

Offer Moves the Market and Boosts Santos Stocks

The proposal led by ADNOC was presented through the XRG Consortium, which also includes Abu Dhabi Development Holding and the American fund Carlyle.

The non-binding offer was set at A$ 8.89 (US$ 5.76) per Santos share, representing a 28% premium over the closing price of the shares last Friday.

ARTICLE CONTINUES BELOW

Santos Is a Key Piece for ADNOC’s Global Expansion

Santos has strategic assets in gas, oil, LNG, and carbon capture technologies, with operations in Australia, Papua New Guinea, and the United States.

These assets are seen as fundamental to ADNOC’s plans to build a diversified global portfolio, aligned with the growing demand for low-carbon energy.

In an official statement, the XRG Consortium declared that the transaction “aligns with its strategy and ambition to build a leading integrated global business in gas and LNG.”

The proposal also includes a commitment to maintain Santos’ headquarters in Adelaide, preserve the brand, and strengthen its operations both in the Australian market and in the international hubs where the company operates.

Commitments to Growth and Local Communities

The XRG Consortium also stated that it intends to work closely with Santos’ current management team, focusing on accelerating the company’s growth, supporting local jobs, and contributing to the development of the communities where the oil company operates.

The promise also includes additional investments in the company’s portfolio and the expansion of its gas and LNG-focused businesses.

Source

Abu Dhabi Oil Company Makes Billion-Dollar Offer for Australian Santos, Shaking Up the Global Gas Market

ADNOC Leads Consortium That Offers US$ 18.7 Billion for Australian Santos. Offer Boosts Petroleum Company Stocks and Strengthens Abu Dhabi’s Global Strategy in the Gas and LNG Sector.

Offer Moves the Market and Boosts Santos Stocks

Santos Is a Key Piece for ADNOC’s Global Expansion

Commitments to Growth and Local Communities

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

An illiterate bricklayer invented the plate cistern that stores 16,000 liters of rainwater and serves a family for eight months in the sertão, an invention that became the basis of the One Million Cisterns Program in the Brazilian Northeast.

São Paulo revolutionizes public health financing with R$ 9.7 billion, transfers up to five times larger, and a record of 3.5 million surgeries.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

Abu Dhabi Oil Company Makes Billion-Dollar Offer for Australian Santos, Shaking Up the Global Gas Market

ADNOC Leads Consortium That Offers US$ 18.7 Billion for Australian Santos. Offer Boosts Petroleum Company Stocks and Strengthens Abu Dhabi’s Global Strategy in the Gas and LNG Sector.

Offer Moves the Market and Boosts Santos Stocks

Santos Is a Key Piece for ADNOC’s Global Expansion

Commitments to Growth and Local Communities

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

While cities spend fortunes patching potholes and tons of plastic become waste, the Netherlands transforms over 218,000 recycled cups into a modular bike path that can conceal drainage, cables, and pipes.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

An illiterate bricklayer invented the plate cistern that stores 16,000 liters of rainwater and serves a family for eight months in the sertão, an invention that became the basis of the One Million Cisterns Program in the Brazilian Northeast.

Brazil could become a global oil powerhouse with reserves jumping from 17 billion to 23.5 billion barrels, investments of US$ 30 billion per year, and exploration in the Equatorial Margin that could extend Brazilian production until 2042.

While Brazil discussed the transition, Petrobras unlocked 11 new platforms in the pre-salt until 2027 — Búzios alone receives 6 FPSOs and targets 1 million barrels/day.

Oil, jobs, and industry: ABESPETRO executive explains why Brazil has not yet reached the development of wealthy countries

MIT startup tests in Houston a millimeter wave maser drill that promises to bore 20 km of rock, three times deeper than Kola

Lula celebrates the revival of the fertilizer industry in Bahia, reinforces the defense of Petrobras, and criticizes privatizations that increased Brazil’s external dependency.

São Paulo revolutionizes public health financing with R$ 9.7 billion, transfers up to five times larger, and a record of 3.5 million surgeries.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

A building that looks like an inverted ship draws attention in São Paulo: the Hotel Unique, with 84 meters, round windows, exposed concrete, and a red pool on top.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.