sraeli firm NewMed Energy, 45.34% stakeholder at Israel’s key Chevron-operated 23tcf Leviathan gas field says the proposed purchase of 50% of the firm by a 50:50 JV of BP and UAE state firm Adnoc is progressing smoothly (MEES, 31 March).
NewMed CEO Yossi Abu, speaking on the firm’s 11 May Q1 earnings call, said he estimates it will take around eight weeks from the 28 March announcement “to get to a shareholder agreement,” implying a late-May timeline. (CONTINUED - 290 WORDS)