Aramco Says Reports It is Considering Bid for Australian Santos Inaccurate

Saudi Arabia’s oil giant, Aramco, told Reuters on Thursday that reports it was considering a bid for Australia’s Santos gas producer were inaccurate following widespread publication of a Bloomberg news report that both Aramco and the UAE’s Adnoc were considering bids for the Australian company.  Earlier on Wednesday, Bloomberg cited unnamed sources as saying that both Gulf Cooperation Countries (GCC) were mulling a move on Santos, led by Saudi and Emirate interests in expanding their natural gas businesses internationally. …