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SANTOS EXTENDS EXCLUSIVITY FOR $19BN ADNOC-LED OFFER.
Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7 billion takeover bid from a group led by Abu Dhabi National Oil Co (Adnoc).
- 9 months, 1 week
TRENDING READS: GAS, GROWTH AND A STALLED MEGAMERGER.
Billion-dollar gas deals, stalled takeovers, and new growth ambitions are reshaping the energy map this week.
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OIL HOLDS STEADY AS SUPPLY RISKS AND FED POLICY DRIVE TRADING.
Oil prices steadied after last week’s rally as traders weighed supply risks against the broader economic outlook, with Brent holding near $68 a barrel and WTI above $63, supported by hopes of looser U.S. monetary policy after the Federal Reserve signaled potential rate cuts. While the Fed’s dovish tone has buoyed risk assets and fueled optimism for stronger global demand, geopolitical friction remains at the forefront, with Washington threatening to double tariffs on all Indian imports to 50% in response to New Delhi’s continued reliance on discounted Russian crude—an escalation that could ripple through global trade and energy markets. At the same time, uncertainty lingers over OPEC+ output, Russian export resilience, and faltering peace efforts in Ukraine, where U.S. President Donald Trump has oscillated between promises of “massive sanctions” on Moscow and suggestions that Washington may ultimately hold back, leaving markets to navigate a delicate balance between short-term boosts from economic stimulus and longer-term headwinds tied to geopolitics and oversupply fears.
- 9 months, 1 week
OMAN TO AWARD FOUR OIL AND GAS BLOCKS NEXT YEAR.
Oman is reportedly planning to award the exploration and development rights to four oil and gas blocks by early next year.
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TANZANIA UNVEILS STRATEGIC PROJECTS TO GAIN FROM THE EACOP PROJECT.
Tanzania is implementing seven major energy projects, including the East African Crude Oil Pipeline (EACOP), the Julius Nyerere Hydropower Project, and the Liquefied Natural Gas (LNG) project, to boost power generation and economic growth. The government has invested over 1.12 trillion shillings in EACOP, with more than 200 local companies benefiting from contracts worth 1.325 trillion shillings.
- 9 months, 1 week
U.S. DOE CHAMPIONS LPG SOLUTIONS FOR GLOBAL CLEAN COOKING.
While more than one billion people have recently gained access to clean cooking, mainly through LPG, close to two billion still rely on polluting fuels.
- 9 months, 1 week
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