Archive · 11 Jun 2025
Adnoc Considers Purchasing BP Assets: Focus on Gas and LNG
Imagine a big oil company in Abu Dhabi, called Adnoc, is thinking about buying parts of a big British oil company, BP.
They're especially interested in BP's natural gas and liquid natural gas businesses.
Adnoc has already talked to some banks and might team up with another company.
If they decide to buy, it would likely be done through a special part of Adnoc called XRG.
BP has been changing its focus and may sell off some assets.
Adnoc isn't interested in all of BP, especially its oil production.
This is a big deal because Adnoc and BP have worked together before and this could mean big changes in the energy world.
Adnoc is considering acquiring some of BP's assets, particularly LNG and gas fields.
Adnoc has held initial talks with bankers and is considering partnerships for the potential deal.
XRG PJSC, Adnoc's international unit, is expected to lead the acquisition if it proceeds.
BP is undergoing internal changes, including a shift back to oil and gas under CEO Murray Auchincloss.
Adnoc is not interested in BP's oil production assets or refineries.
- Who
- Adnoc and BP.
- What
- Adnoc is evaluating the possibility of acquiring some of BP's assets.
- When
- The evaluation is currently ongoing.
- Where
- Abu Dhabi and the UK.
- Why
- Adnoc is looking to expand its gas and LNG holdings, and BP is considering selling assets.
Adnoc's Perspective
BP's Perspective
Asset Focus
Adnoc's Perspective
Wants to acquire LNG and gas fields.
BP's Perspective
Not interested in all BP assets.
- Company Considering Acquisition
- Adnoc
- Target Company
- BP
- Adnoc Unit Involved
- XRG PJSC
- Adnoc's Target
- Gas and LNG assets
- BP CEO
- Murray Auchincloss
- BP Market Value (approx.)
- $80 billion