BP, ADNOC’s $2bln Bid for NewMed Energy Remains on Track

• by Doaa Ashraf
• Tuesday, 10th October 2023

BP and Abu Dhabi National Oil Co (ADNOC) announced that their bid to acquire a 50% stake in Israeli gas producer NewMed Energy for $2 billion is still on track. Under the non-binding offer, made last March, BP and ADNOC would buy 45% of NewMed’s free floating shares and an additional 5% owned by Israeli […]