BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
1. ADNOC is considering acquiring BP's liquefied natural gas assets. 2. BP is under pressure for strategic resets and asset divestments. 3. Interest from ADNOC reflects BP's underperformance against industry rivals. 4. Analysts doubt ADNOC's intent for a full acquisition of BP. 5. BP's stock has declined over 4% this year amid market volatility.