BP, ADNOC Shelve $2B NewMed Deal Amid Gaza War

By Jade Martinez-Pogue (March 13, 2024, 8:12 PM EDT) -- BP and the state-owned Abu Dhabi National Oil Co. are suspending talks surrounding a $2 billion offer to acquire a controlling interest in Israel-based NewMed Energy, with the two oil giants citing "uncertainty created by the external environment" as the war in Gaza continues with no end in sight....

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