Murphy Oil faces mounting activist pressure to abandon its Israeli offshore gas exploration licenses, mirroring the recent departures of project partners Eni and Dana Petroleum.
BDS-aligned campaigners publicly called on Murphy Oil on Wednesday to give up its six Zone G exploration licenses, held 50-50 with Ratio Energies near Leviathan, where Murphy is operator. Two peers, Eni and Dana Petroleum, already exited under similar pressure, and investors and insurers are being urged to stay away, raising execution and reputational risk for Murphy's Israeli expansion announced just two days earlier. The call is non-binding, so the price effect depends on whether Murphy follows the predecessors out.
Pro-Palestinian activists have launched a campaign urging Murphy Oil to relinquish its six Zone G exploration licenses near the Leviathan gas field. The pressure follows the recent exits of Eni and Dana Petroleum from the same project, which covers 1,700 square kilometers of seabed.
Pro-Palestinian activists are pressing Murphy to give up six Israeli offshore gas exploration licenses near the Leviathan field, which it operates with a 50-50 partner, arguing part of the zone overlaps maritime boundaries Palestine declared in 2019.
Yes. Eni withdrew earlier this year and Israel's Energy Ministry announced Dana's exit on Monday, both after similar pressure, though Israeli media report Dana could return with regulatory approval.