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Adnoc settles exchangeable bonds for $1.195bn in cash

Abu Dhabi National Oil Company (Adnoc) plans to settle its US Dollar-denominated senior unsecured bonds in Adnoc Distribution, bearing a 0.70 per cent coupon, via a cash payment on June 4, 2024, with a payment of up to $1.195 billion and $4.18 million in

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BP's new boss trims leadership team amid shake-up

The group is reducing its executive director leadership team to 10 from 11.

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Oil giant BP's new boss reveals plans to reduce leadership team amid shake-up

The group is reducing its executive director leadership team to 10 from 11 after a move to axe the regions, corporates and solutions division, which will be merged within its other businesses

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Adnoc to redeem exchangeable bonds in distribution arm upon maturity in June 2024

Adnoc to redeem exchangeable bonds in distribution arm upon maturity in June 2024
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Adnoc, Eni and OMV conclude $3.24bn partnership in Abu Dhabi

Eni and Adnoc have closed their previously announced $3.24bn strategic partnership, through which the former acquired a 20% interest in Adnoc refining.

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FTSE 100 Live: Stocks rally, UK economy grows, BP eyed by UAE oil major

FTSE 100 Live: Stocks rally, UK economy grows, BP eyed by UAE oil major
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BP target of takeover speculation by UAE oil major

Could British oil and gas supermajor BP plc be the next jewel in the crown of the FTSE 100 to be snapped up by a foreign competitor? According to a Reuters...

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Abu Dhabi state oil company reportedly looked at buying BP

Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms

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FTSE 100 LIVE: European stocks rise as UK growth in February boosts end of recession hopes

The FTSE was up after British GDP grew 0.1% during February, having entered a technical recession at the end of 2023.

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UAE's State Oil Giant Adnoc Explores Multibillion Pound Takeover of BP

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