Tag: ADNOCs

ADNOC’s $13.9 billion Covestro acquisition secures conditional EU approval

(Bloomberg) – Abu Dhabi Nationwide Oil Co. received conditional European Union approval for its €12 billion ($13.9 billion) takeover of Covestro AG after it handled EU considerations that its state subsidies may stifle competitors.  The European Fee mentioned Friday that a proposal...

ADNOC’s XRG unit abandons $19 billion Santos LNG takeover bid

(Bloomberg) – Abu Dhabi Nationwide Oil Co. dropped its deliberate $19 billion takeover of Australian pure fuel producer Santos Ltd., strolling away from an formidable effort to broaden abroad.  A “mixture of things” discouraged...

Oxy and ADNOC’s funding agency to discover carbon seize options in Texas

Occidental and its subsidiary 1PointFive at the moment introduced an settlement with XRG, ADNOC’s funding firm, to judge a possible three way partnership to develop a Direct Air Seize (DAC) facility in South...

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