BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
1. UAE's ADNOC is interested in BP's assets amid takeover speculation. 2. ADNOC may seek BP's LNG assets but not a full company bid. 3. BP's market performance has positioned it as a prime takeover candidate. 4. The company is increasing oil investments while reducing spending on renewables. 5. Analysts predict strong interest from various buyers in BP's discrete assets.