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Old hands dominate Algeria’s upstream auction
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
Energy’s electric shock
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
ADNOC eyes cross-border opportunities
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Cheap gas key to unlocking new markets
Weaning poorer regions off coal means gas needs to be abundant and competitive longer term
Do not underplay China’s long-term gas growth narrative
A subdued market amid global trade tensions is just an aberration in gas’ upward trajectory
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
US AI to power gas growth
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
Production platform on the Leviathan field
Gas Majors NOCs Independents
Peter Ramsay
31 March 2023
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BP and Adnoc bid a further twist in Leviathan tale

Could the NOC/major play for Newmed stake precipitate further changes to the Israeli field’s expansion roadmap?

Israeli independent Newmed Energy’s late-February announcement of an almost $100mn investment by partners in the Leviathan gas field in a pre-Feed expansion study seemed a conclusion of sorts to its development story. But a late March swoop by Abu Dhabi’s state-owned Adnoc and BP for a 50pc interest in Newmed—the field’s largest shareholder—might muddy the waters again. The NOC and major have proposed taking listed Newmed private by hoovering up its 45pc free float and taking a further 5pc ownership from current parent Delek. The two firms will “form a new joint venture that will be focused on gas development in international areas of mutual interest, including the East Mediterranean”. There

Also in this section
Old hands dominate Algeria’s upstream auction
24 June 2025
The country’s latest licensing round attracted bids from IOCs and NOCs in a better showing than its last outreach to bidders
Angola’s oil industry revamp
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
ADNOC targets Santos in big LNG push
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
Oil demand ramps up air miles
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks

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