BP plc (BP) and the Abu Dhabi National Oil Company (“ADNOC”) have decided to halt their $2 billion bid to acquire a 50% stake in Israeli gas field operator NewMed Energy. The move was a result of the Israeli company citing “uncertainty created by the external environment” as the reason behind the suspension, according to a statement released on Wednesday. NewMed holds the largest stake in the Leviathan offshore field, a significant gas reservoir operated by Chevron Corporation (CVX) , which plays a crucial ...