Saudi Aramco and Abu Dhabi National Oil Co. are considering bids for Australia's Santos Ltd., seeking to increase overseas gas investments.

Saudi Aramco and Abu Dhabi National Oil Co. are considering bids for Australia's Santos Ltd., as Middle Eastern energy giants aim to increase their gas investments overseas. State-owned Aramco and Adnoc have been conducting preliminary evaluations of Santos as a potential acquisition target. Santos has liquefied natural gas projects in Australia, Papua New Guinea, and Timor-Leste, known for their proximity to growing Asian demand.