Trending News: POWER Digest [October 2026]Hormuz Traffic Running 80% Below Its 10-Day AverageTotalEnergies to Develop Offshore Gas Field to Boost Nigeria LNG SupplyClimate Startup Signs CO2 Deals With Three U.S. Oil ProducersVictoria A$35m bioenergy project moves to development phaseEU backs €7m project to scale CO2 utilisation technologiesVideo | North American CO2 supply: a tight market with new sources emergingGlobal firms should implement safety standards across supply chainsWorthington reports double-digit sales growth in latest financials$100 Brent Keeping China’s Oil Buying in Check, Goldman SaysOil Set for Longest Losing Streak Since August 2025Asia’s Crude Imports Hit Highest Level Since the Iran War BeganUSA-Iran Conflict Changes Definition of Available BarrelNew Zealand lines up subsurface hydrogen regulationsWaga Energy to build RNG production plant in IllinoisGreen Energy Stocks Rise Up To 20% As NIFTY Gains 0.43% And SENSEX Advances 0.40% (23 September 2026)Trump Backs Diesel Export Ban as Prices Hit Record HighsSouth Korea Aims to Cut Middle East Crude Reliance to 50% by 2035Michigan Judge Tosses State’s Antitrust Suit Against Big Oil100MW Hamburg green hydrogen project opens call for offtake interestA Critical Week for OilTotalEnergies approves gas development for Nigeria LNG liquefaction plantB.Grimm Power And AMATA Advance 42.5 MWp Floating Solar Project In ThailandEnerVenue Secures 11 MWh Energy Storage Order for Northern China OilfieldEapro Global Raises INR 40 Crore in Funding Round Ahead of Proposed FY28 IPOOswal Pumps Secures 46.7 MW Rooftop Solar Order for 9,937 Telangana Government SchoolsAramco eyes new gas division and LNG pushSaudi Arabia Restarts East-West Oil PipelineIndia’s Russian Oil Imports Slide as Refiners Hunt for AlternativesUS Gasoline, Distillate Inventories Continue to Fall as Crude Stocks HoldChina’s giant crane for nuclear power plant constructionGE Vernova, Hitachi, SGE and Samsung C&T sign BWRX-300s MoUŠkoda JS to supply control rod drives for Rolls-Royce SMR’s reactorsLibya’s Largest Oilfield Hit by New Armed Group BlockadeOil Tumbles 3% as Iran Floats Hormuz Reopening Within a Week“We’re Living On An Oil Market Credit Card”: Analyst Sounds AlarmUK Gas Prices Force Ineos to Idle Three Chemical PlantsGenerate Capital sells anaerobic digestion business to UK and US platformsGenerate Capital sells anaerobic digestion business to UK and US platformsRevcoo to capture up to 8,000 tonnes of CO2 at Belgian zinc plantFortisBC moves ahead with 2.5 mtpa Tilbury LNG expansion with EA approvalFortisBC moves ahead with 2.5mtpa Tilbury LNG expansion with EA approvalMontauk Renewables opens $200m US agricultural biogas facilityIndia’s Oil Import Bill Jumps 48% as Crude Prices SoarSaudi Oil Lifeline May Reopen as Aramco Eyes Yanbu RestartING: Supply-Side Risks Stay Elevated Even as Oil Prices Pull BackNorth American Helium brings ‘Canada’s largest’ helium field onlineNorthern Ireland can generate 8TWh of biomethaneUSA Diesel Price Surges AgainVideo | Biogenic CO2: what’s changed since last year?ERC Clarifies Transmission Billing Adjustments During Force Majeure Events Under Open Access Transmission Service Rules In PhilippinesPureSky Energy’s 1.98 MW Community Solar Project Begins Operations In IllinoisOil Prices Reverse Course as Traders Watch US-Iran DiplomacyU.S. Threatens to Ground Iranian Airlines WorldwideSoaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027MSEDCL Awards 2 GW/4 GWh BESS Tender At INR 2.38–INR 2.40 Lakh/MW/MonthTotalEnergies Consolidates German Renewable Energy And Storage Activities Under New ‘Integrated Power Germany’ UnitFalcon enters California market through Encore acquisitionFalcon enters California market through Encore acquisitionLarger BOC Cryospeed tankers enter serviceMiddle East Weekly: Masdar Eyes 350 MW Solar + 200 MWh BESS, RWE–Masdar Eye €3B Offshore Wind, Lebanon Sets Sub-1.5 MW Solar Rules, Masdar–SOCAR Close 315 MW Solar, Riyadh Cement Signs 30 MW Solar PPA and More…China starts work on supercritical CO2 and molten salt energy projectStallion begins high-purity helium supply amid India’s semiconductor pushHungary Asks U.S. to Waive Tariffs Over Russian Oil PurchasesHormuz Blockage Puts Qatar’s $83 Billion LNG Bet at RiskPrague Caps Fuel Prices, Taxes Orlen’s ‘Windfall’ Refining MarginsFramatome secures first contract for higher enriched fuelSGE confident of UK SMR fleet prospectsNorth Sea oil and gas decline threatens 115,000-job workforce, report saysPower start-up for Mochovce 4Google agreement to support Georgia plant upratesSamsung C&T invests in Kairos PowerBechtel steps away from TerraPower projectWholesale Gas Prices Are Reaching Consumers Faster, ECB SaysSaudi Arabia Reroutes Oil Exports as Houthi Strikes Target YanbuEFC breaks ground on $210m-backed Texas manufacturing facilityU.S. Diesel Hits Record $6.50 as Global Fuel Crunch DeepensNorway’s Arctic Oil Pitch Falls Flat in BrusselsTrafigura Launches Volare Shipping to Cash In on Record Tanker RatesIndia’s Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical LowsThe $134bn AI wave set to revolutionise semiconductor fabs and gas procurementVorn Bioenergy acquires five biogas plants in ItalyHas the Oil Market Changed Forever?Equigas forms two new authorised distributor partnershipsEquigas forms two new authorised distributor partnershipsOil Prices Slide as Traders Bet on Iran DiplomacyStrait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows RiseEurope’s Fuel Crisis Spreads From Diesel to Jet FuelPakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran DealPV Hardware Expands South African Presence with New Office, Strengthening Local Operational and Technical SupportAvaada’s 3 GW Solar Cell Facility in Nagpur Draws Fadnavis Praise as Maharashtra Targets Major Solar Manufacturing ExpansionBack-Contact Solar Is Gaining Ground: What Could It Mean for TOPCon’s Dominance?Pekat Group Secures 470-Acre Kedah Land Lease For Solar And BESS DevelopmentFirst Gen Plans Up To ₱160 Billion Renewable Energy Investment Through 2031 In PhilippinesMeritus appoints first Director of AI OperationsMeritus appoints first Director of AI OperationsTotalEnergies and BlackRock Sign $1.8B Deal for African Oil and Gas AssetsSaudi Arabia Cuts Europe Off From October Crude as Gulf Exports SurgeMacron Calls for Another Emergency Oil Release as Europe Loses SupplyJPM Analysts No Longer Have USA-Iran Conflict Baseline
Thu. Sep 24th, 2026
Trending News: POWER Digest [October 2026]Hormuz Traffic Running 80% Below Its 10-Day AverageTotalEnergies to Develop Offshore Gas Field to Boost Nigeria LNG SupplyClimate Startup Signs CO2 Deals With Three U.S. Oil ProducersVictoria A$35m bioenergy project moves to development phaseEU backs €7m project to scale CO2 utilisation technologiesVideo | North American CO2 supply: a tight market with new sources emergingGlobal firms should implement safety standards across supply chainsWorthington reports double-digit sales growth in latest financials$100 Brent Keeping China’s Oil Buying in Check, Goldman SaysOil Set for Longest Losing Streak Since August 2025Asia’s Crude Imports Hit Highest Level Since the Iran War BeganUSA-Iran Conflict Changes Definition of Available BarrelNew Zealand lines up subsurface hydrogen regulationsWaga Energy to build RNG production plant in IllinoisGreen Energy Stocks Rise Up To 20% As NIFTY Gains 0.43% And SENSEX Advances 0.40% (23 September 2026)Trump Backs Diesel Export Ban as Prices Hit Record HighsSouth Korea Aims to Cut Middle East Crude Reliance to 50% by 2035Michigan Judge Tosses State’s Antitrust Suit Against Big Oil100MW Hamburg green hydrogen project opens call for offtake interestA Critical Week for OilTotalEnergies approves gas development for Nigeria LNG liquefaction plantB.Grimm Power And AMATA Advance 42.5 MWp Floating Solar Project In ThailandEnerVenue Secures 11 MWh Energy Storage Order for Northern China OilfieldEapro Global Raises INR 40 Crore in Funding Round Ahead of Proposed FY28 IPOOswal Pumps Secures 46.7 MW Rooftop Solar Order for 9,937 Telangana Government SchoolsAramco eyes new gas division and LNG pushSaudi Arabia Restarts East-West Oil PipelineIndia’s Russian Oil Imports Slide as Refiners Hunt for AlternativesUS Gasoline, Distillate Inventories Continue to Fall as Crude Stocks HoldChina’s giant crane for nuclear power plant constructionGE Vernova, Hitachi, SGE and Samsung C&T sign BWRX-300s MoUŠkoda JS to supply control rod drives for Rolls-Royce SMR’s reactorsLibya’s Largest Oilfield Hit by New Armed Group BlockadeOil Tumbles 3% as Iran Floats Hormuz Reopening Within a Week“We’re Living On An Oil Market Credit Card”: Analyst Sounds AlarmUK Gas Prices Force Ineos to Idle Three Chemical PlantsGenerate Capital sells anaerobic digestion business to UK and US platformsGenerate Capital sells anaerobic digestion business to UK and US platformsRevcoo to capture up to 8,000 tonnes of CO2 at Belgian zinc plantFortisBC moves ahead with 2.5 mtpa Tilbury LNG expansion with EA approvalFortisBC moves ahead with 2.5mtpa Tilbury LNG expansion with EA approvalMontauk Renewables opens $200m US agricultural biogas facilityIndia’s Oil Import Bill Jumps 48% as Crude Prices SoarSaudi Oil Lifeline May Reopen as Aramco Eyes Yanbu RestartING: Supply-Side Risks Stay Elevated Even as Oil Prices Pull BackNorth American Helium brings ‘Canada’s largest’ helium field onlineNorthern Ireland can generate 8TWh of biomethaneUSA Diesel Price Surges AgainVideo | Biogenic CO2: what’s changed since last year?ERC Clarifies Transmission Billing Adjustments During Force Majeure Events Under Open Access Transmission Service Rules In PhilippinesPureSky Energy’s 1.98 MW Community Solar Project Begins Operations In IllinoisOil Prices Reverse Course as Traders Watch US-Iran DiplomacyU.S. Threatens to Ground Iranian Airlines WorldwideSoaring Oil and Gas Prices Push Europe’s Inflation Fight Into 2027MSEDCL Awards 2 GW/4 GWh BESS Tender At INR 2.38–INR 2.40 Lakh/MW/MonthTotalEnergies Consolidates German Renewable Energy And Storage Activities Under New ‘Integrated Power Germany’ UnitFalcon enters California market through Encore acquisitionFalcon enters California market through Encore acquisitionLarger BOC Cryospeed tankers enter serviceMiddle East Weekly: Masdar Eyes 350 MW Solar + 200 MWh BESS, RWE–Masdar Eye €3B Offshore Wind, Lebanon Sets Sub-1.5 MW Solar Rules, Masdar–SOCAR Close 315 MW Solar, Riyadh Cement Signs 30 MW Solar PPA and More…China starts work on supercritical CO2 and molten salt energy projectStallion begins high-purity helium supply amid India’s semiconductor pushHungary Asks U.S. to Waive Tariffs Over Russian Oil PurchasesHormuz Blockage Puts Qatar’s $83 Billion LNG Bet at RiskPrague Caps Fuel Prices, Taxes Orlen’s ‘Windfall’ Refining MarginsFramatome secures first contract for higher enriched fuelSGE confident of UK SMR fleet prospectsNorth Sea oil and gas decline threatens 115,000-job workforce, report saysPower start-up for Mochovce 4Google agreement to support Georgia plant upratesSamsung C&T invests in Kairos PowerBechtel steps away from TerraPower projectWholesale Gas Prices Are Reaching Consumers Faster, ECB SaysSaudi Arabia Reroutes Oil Exports as Houthi Strikes Target YanbuEFC breaks ground on $210m-backed Texas manufacturing facilityU.S. Diesel Hits Record $6.50 as Global Fuel Crunch DeepensNorway’s Arctic Oil Pitch Falls Flat in BrusselsTrafigura Launches Volare Shipping to Cash In on Record Tanker RatesIndia’s Coal Demand Set to Jump 4.2% as Plant Stocks Hit Critical LowsThe $134bn AI wave set to revolutionise semiconductor fabs and gas procurementVorn Bioenergy acquires five biogas plants in ItalyHas the Oil Market Changed Forever?Equigas forms two new authorised distributor partnershipsEquigas forms two new authorised distributor partnershipsOil Prices Slide as Traders Bet on Iran DiplomacyStrait of Hormuz Shipping Traffic Falls Further as Saudi Oil Flows RiseEurope’s Fuel Crisis Spreads From Diesel to Jet FuelPakistan Secures Second Qatari LNG Cargo Through Hormuz After Iran DealPV Hardware Expands South African Presence with New Office, Strengthening Local Operational and Technical SupportAvaada’s 3 GW Solar Cell Facility in Nagpur Draws Fadnavis Praise as Maharashtra Targets Major Solar Manufacturing ExpansionBack-Contact Solar Is Gaining Ground: What Could It Mean for TOPCon’s Dominance?Pekat Group Secures 470-Acre Kedah Land Lease For Solar And BESS DevelopmentFirst Gen Plans Up To ₱160 Billion Renewable Energy Investment Through 2031 In PhilippinesMeritus appoints first Director of AI OperationsMeritus appoints first Director of AI OperationsTotalEnergies and BlackRock Sign $1.8B Deal for African Oil and Gas AssetsSaudi Arabia Cuts Europe Off From October Crude as Gulf Exports SurgeMacron Calls for Another Emergency Oil Release as Europe Loses SupplyJPM Analysts No Longer Have USA-Iran Conflict Baseline
Thu. Sep 24th, 2026

Santos supports $18.7bn Adnoc consortium takeover bid

  • Gas
  • June 16, 2025

Australia gas producer Santos will “unanimously recommend” its shareholders vote in favour of an $18.7bn takeover from a consortium led by XRG, the Abu Dhabi National Oil Company (Adnoc) subsidiary, Abu Dhabi Holding Company, and global investment firm Carlyle.

Under the proposed takeover, the consortium will buy Santos shares in a cash offer price of $5.761.

Goldman Sachs and JB North & Co are acting as financial advisers to Santos, Rothschild & Co is acting as independent board adviser, and Herbert Smith Freehills Kramer is acting as legal adviser to Santos.

The move reflects XRG’s growing global aspirations and would provide it with access to Santos’ two Australian liquefied natural gas operations (Gladstone and Darwin) as well as interests in Papua New Guinea, where the Angore project in PNG’s Hela Province will deliver up to 350 million standard cubic feet per day.

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