Murphy Oil, Ratio Energies win Israeli offshore gas licenses near Leviathan

Israel's Energy Ministry awarded six offshore gas exploration licenses (Zone G) to Murphy Oil and Ratio Energies, covering ~1,700 sq km southwest of Leviathan. This marks Murphy's first Eastern Mediterranean venture and follows an eight-month shutdown of Israel's largest gas field due to war with Iran. The award signals renewed investor confidence in Israeli offshore gas despite regional security risks.

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