Australia’s Santos Confident It Can Deliver Without Tie-Up ...Middle East

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Australia’s Santos Confident It Can Deliver Without Tie-Up
source : OILPRICE ( Middle East ) () 136
Australia’s oil and gas giant Santos will review any future takeover offer, but it’s confident it can hike cash flow and returns to shareholders with major upcoming projects, CEO Kevin Gallagher said on Friday, after the collapse of a $19-billion takeover bid from a consortium led by Abu Dhabi’s ADNOC.  Earlier this week, Santos said that Abu Dhabi’s energy major ADNOC had pulled an $18.7-billion bid for the Australian group as the two failed to reach an agreement on the valuation of the company and the terms of the…

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