Trending News: US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes SaysUS Senate Passes Sweeping Russia Energy Sanctions, Next Stop US HouseHundreds of Millions in Grid Deposits Linger in Uncertainty Following Texas Data Center PauseIndia Remains Dependent on Imports for 90% of Oil DemandSaudi Arabia, Pakistan and Turkey to Sign Defense DealADNOC Buys 11 Supertankers for $1.3 Billion to Expand Export FleetLibya Aims to Boost Oil Production to 2 Million Bpd by Early 2030sUS Judge Orders Pentagon to Lift Wind Project FreezeTrump Unveils Trade Actions to Compete with China on Solar and ChipsSpaceX to Build Natural Gas Power Plants for Texas Chip FactoryTrump Refunds to Cancel Offshore Wind Projects Total $4 BillionTrump Is Aiding a Golden Age for Renewable EnergySaudi Crude Shipments to US Plunge to Zero as Oil Refiners PivotOccidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt ReductionCO2 storage key to reliable supply for US food and beverage manufacturersAnalysis: Why BP’s Archaea exit is not a vote against biomethaneRussia Turns to South Korea for Fuel as Refinery Crisis DeepensChina’s Crude Imports Bounce Back After Historic June SlumpShipping Through Hormuz Drops Sharply as Tensions RiseIndia’s Crude Oil Output Falls for Third Straight YearJPM Now Expects Fed to Hike Rates in DecemberBlue Origin identifies oxygen valve as cause of New Glenn test explosionSECI Awards 1,000 MW RTC Thermal Mimic Power Tender To Seven Developers At Tariffs Starting INR 5.25/kWhIndia Daily: PM Surya Ghar Crosses 50 Lakh; SECI Floats 100 MW Solar-BESS Bid; India Pushes ₹20,000 Cr Nuclear Mission; NTPC Floats 15 MW O&M Bid; RRECL Drafts Mandatory BESS SOP and More…Weekly Tech: Jinko Solar Unveils Tiger Neo 3.0; Hoymiles Expands Microinverter Reach; Aegeus Scales Solar O&M Robotics; Dinto Solar HJT Secures BIS Registration and More…Green Energy Stocks Deliver Mixed Performance As Sensex Falls 0.58% And Nifty Ends Lower (07 August 2026)Envision Commissions Renewable-Powered AI Campus in Inner Mongolia, Targets Over 2 GW CapacitySaudi researchers develop membranes with 90% MOF materialPosco Air Solution gains aerospace rare gas certificationChina’s G-Gas to optimise ultra-high-purity nitrogen systems for Korean chipmakersChinese Oil Giant Launches World-First 16MW Floating Wind TurbineAramco Deepens Asia Oil Discount Ahead of Possible Hormuz DealRussian Oil Production Climbs Above 9 Million Bpd in JulyOil Prices Jump as Houthi Attacks Raise Saudi Supply RisksIndia approves $2.5bn for biogas developmentLNG margins and volumes spur Cheniere to $3bn Q2 profitAndy O’Brien, The Insider Poised to Lead ConocoPhillipsJapex to Buy US Tight Oil and Gas Assets for $320 MillionAMERICAN ENERGY SNAPSHOT: How America Became the World’s Energy StabilizerRWE, Trump Administration Reach $1.22 Billion Agreement to Cancel Offshore Wind LeasesUS is Set to Import Most Middle East Crude Since Iran War BeganConstellation Energy to Sell Gas Plant to LS Power, Raises Profit ForecastConocoPhillips Says Lance Retiring After 14 Years as CEOBig Oil Is Bracing for Lower Prices — and Rightly SoNewcleo sets out plan for licensing of US MOX plantWater levels to be increased in Zaporizhzhia’s used fuel poolsUS collaboration to study used nuclear fuel recyclingHow the UAE Has Kept Its Oil Flowing Through HormuzEurope’s Gas Storage Hits Lowest Level Since 2011 as Winter LoomsNigeria Eyes $50 Billion From 22 Offshore Oil and Gas ProjectsIndian Refiners Continue West Africa Crude Buying SpreeGulf Shipping Grinds to a Halt Following Houthi Missile ClaimAngola Confirms New Offshore Oil and Gas Reserves With Katambi-2 WellAnalysis: WF6 supply squeeze sparks supply race as AI chip demand surgesAnalysis: WF6 supply squeeze sparks supply race as AI chip demand surgesWARNING: Iran Warns Gulf States: Tell Trump to Desist or We Hit You HardOil Gains as Investors Cautious Over Iran-Oman TalksConocoPhillips Completes $1.7 Bln Asset Sale, Hits Divestiture Target EarlyCheniere Energy Reports Rise in Second-Quarter Profit on Increased LNG DemandAnalysis: Can UK biomethane seize its moment?Iran and Oman Near Landmark Deal to Manage Strait of HormuzU.S. Diesel Exports Hit Record High as Domestic Stockpiles SlideChina’s Top Refiner Pivots to Russian CrudeWhat Has Been the One Constant Through Hormuz Turmoil?Solar & Storage Leadership Forum 2026: Tanzania Set to Power the Country’s Next Phase of Clean Energy GrowthKelington to expand India footprint with planned ASUWaaree Renewable Technologies Secures 210 MWp EPC Contract from Solaris Horizon EnergyIndian Equity Markets End Higher As Green Energy Stocks Deliver Mixed Performance (06 August 2026)Biogas covers Denmark’s national gas use for the first timeBiogas covers Denmark’s national gas use for the first timeSJVN Files FY26 Annual Report, Highlights 4.2 GW Operational Portfolio and Expanding Renewable Energy PipelineHopes rise on Strait of Hormuz dealDOE Closes $489.4 Million Loan To Strengthen Puerto Rico Grid With 220 MW Battery StoragePowerCell to supply German cruise ship decarbonisation projectIndia Weighs Gas Levy to Bankroll $42 Billion Fuel Reserve PlanHormuz Draft Agreement Reportedly Awaits Khamenei ApprovalIndia Hopes To Take Over Operation Of Venezuelan Oil Fields From PDVSAHelix Keyes Helium Complex starts producing revenueGlencore’s Energy Trading Profits Soar on Iran WarFuel Shipping Waiver Extension ‘Quite Likely,’ Energy Chief SaysPipeline Owners Race to Build Capacity as AI Power Demand JumpsUS Crude Inventories Rise as Refinery Runs Ease and Imports Climb, EIA SaysUS Upstream Oil and Gas Second-Quarter Dealmaking Dives on VolatilityOccidental Quarterly Profit Soars to Highest Since 2022 on Oil RallyShale Producer APA Beats Second-Quarter Profit EstimatesIsoEnergy and DISA to create new US uranium companyX-Energy and Centrus sign HALEU supply agreementUS test reactors achieve milestonesBechtel assumes responsibility for Polish plant siteNWMO reveals design for Centre of ExpertiseHormuz Tanker Traffic Remains Subdued Despite Reports of Peace TalksChina Eases Fuel Export Curbs as Global Supply Crunch DeepensChina’s Power Demand Hits Records as Heatwave Grips Key RegionsRed Sea Attack Sinks India-Flagged Cargo Vessel Off YemenU.S. Moves to Keep Tungsten Scrap and Battery Metals at HomeOil Price Rally Boosts Glencore’s First-Half ProfitHouthis Claim Ballistic Missile Hit on Saudi Oil Tanker in Red SeaIraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 YearsHormuz Bottleneck Pushes Indian Refiners Toward West African GradesRenergen targets September helium production in South Africa

Adnoc withdraws $18.7bn offer for Santos

Gas
September 18, 2025

An Adnoc-led consortium has withdrawn its $18.7bn offer for Australian gas company Santos – surprising markets following a lengthy due diligence process.

The bid, unveiled in March and formally proposed , was led by subsidiary XRG with private equity firm Carlyle.

It is believed the UAE energy firm had concerns around a tax liability Santos faces in Papua New Guinea next year.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld

You’ve reached your weekly limit to access free articles!

Want to keep reading?

Please register for free and create a profile to gain access to this full article and gasworld’s daily news.

For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.

Alternatively, you can continue reading more articles as a guest on Thursday, 25th September at 10:28AM

Gas
August 7, 2026

CO2 storage key to reliable supply for US food and beverage manufacturers

By 17 min ago 3 min read Investing in greater carbon dioxide (CO2) storage capacity could be one of the most effective ways for food and beverage manufacturers to protect…

Gas
August 7, 2026

Analysis: Why BP’s Archaea exit is not a vote against biomethane

Analysis: Why BP’s Archaea exit is not a vote against biomethane | Biomethane | gasworld ©Shutterstock By 36 min ago 1 min read BP’s decision to put Archaea Energy has…