Abu Dhabi’s ADNOC targets giant $16bn takeover of Germany’s Covestro
The Abu Dhabi National Oil Company (ADNOC) has launched a $16bn takeover bid for German chemical giant Covestro. The move to acquire a German industrial powerhouse would be a record purchase for the Abu Dhabi company and a long-term investment in its industrial and chemical future.
Abu Dhabi’s Adnoc to buy German chemicals company Covestro for 14.7 billion euros
ABU Dhabi’s state oil giant Adnoc agreed to buy German chemicals producer Covestro for 14.7 billion euros (S$21 billion), one of the biggest foreign takeovers by a Gulf state which is aimed at diluting the country’s heavy dependence on oil in the energy transition.
A joint venture comprising Abu Dhabi National Oil Company subsidiary Adnoc Drilling, US-based SLB and Patterson-UTI ...
The Onshore Block 2 concession covers an area of 7,320 square kilometres, with PETRONAS holding 100 per cent of the ...
Petronas was also in the news earlier today as Mitsubishi Corp. announced plans to expand its investment in Malaysia's ...
Turnwell is drilling the 144 wells as part of a $1.7 billion contract that was earlier awarded by Adnoc to its subsidiary ...
ADNOC Drilling, SLB and Patterson-UTI have created a joint venture dubbed Turnwell Industries to accelerate the 144-well ...
( MENAFN - Khaleej Times) Abu Dhabi's Supreme Council for financial and Economic Affairs (SCFEA) has granted a new oil and ...
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