Adnoc is most interested in BP’s LNG and gas fields, rather than taking over the entire company, though it has also considered that option, the people said. Adnoc, one of the most active ...

UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive.

BP (NYSE: BP) said Wednesday it will form a joint venture with Abu Dhabi National Oil Company to explore and develop natural gas assets in Egypt, enhancing a 50-year partnership between the two.

UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive. Stream San ...