'No showstoppers' have come up that would derail a $2 billion acquisition by BP and Adnoc of a 50% stake in Israeli upstream player NewMedEnergy.

In March, UK supermajor BP and UAE state-owned player Adnoc agreed to jointly acquire for about $2 billion a 50% stake in Israeli explorer NewMed.

BP joins Adnoc in $2 billion gas deal hot on the heels of energy transition pivot
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Since then, the proposal has been winding its way through multiple rubber-stamping exercises, including an evaluation of the offer by an independent committee.