Abu Dhabi National Oil Company, preparing an $18.7 billion bid for Santos , is likely to face close scrutiny from Australian regulators worried about local gas supply, but could win them over with pledges to speed up new projects,

A consortium led by Abu Dhabi’s national oil company has made a $19bn bid to take over one of Australia’s largest energy groups. Santos said XRG, an investment arm of the Abu Dhabi National Oil Company,

Abu Dhabi's state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos. Why it matters: It would be one of the largest takeovers ever in Australia,