Adnoc

In: Finance

straga/iStock via Getty Images Saudi Aramco (ARMCO) and Abu Dhabi National Oil Co. have been separately studying potential bids for Australia’s Santos (OTCPK:STOSF) (OTCPK:SSLZY), as both seek to ramp up their natural gas investments overseas, Bloomberg reported late Wednesday. Santos (OTCPK:STOSF) (OTCPK:SSLZY) owns liquefied natural gas projects in Australia, PapuaContinue Reading

In: Finance

ClaudineVM/iStock Editorial via Getty Images Covestro (OTCPK:CVVTF) (OTCPK:COVTY) +6.7% in Frankfurt trading on Monday after saying it has entered “concrete negotiations” with Abu Dhabi National Oil Company on a potential takeover that could value the German chemical company at ~€11.7B ($12.5B). Adnoc said it has told Covestro (OTCPK:CVVTF) (OTCPK:COVTY) itContinue Reading