Oil industry consolidation sparks to life with $19bn Santos offer. Is BP next?

  • A takeover tilt at Santos Ltd (ASXTO) by an Abu Dhabi-led group has jolted the oil sector awake, fuelling talk that energy dealmaking is back, and just getting started. Shares in the Aussie energy group ended the session 11% higher it p confirmed it had received the $18.7 billion takeover approach.