Murphy Oil Bets on Israeli Gas Near Leviathan

Israel awards six gas exploration licenses to US-Israeli partnership

Energy Minister Eli Cohen said expanding natural gas exploration and attracting major international energy companies were central to his policy.

US energy giant Murphy enters Israeli gas exploration market in partnership with Ratio Energies

The two companies were formally awarded exploration licenses for Zone G as part of Israel's Fourth Offshore Bid Round, marking Murphy's first operational entry into Israel and the Mediterranean.

Israel grants Murphy Oil licenses near Leviathan gas field

Murphy Oil Corporation Announces Entry Into the Eastern Mediterranean With Zone G License Awards, Offshore Israel

HOUSTON--(BUSINESS WIRE)--Nov 9, 2026-

Murphy Oil Bets on Israeli Gas Near Leviathan

Israel’s Energy Ministry on Monday awarded six offshore natural gas exploration licenses to Houston-based Murphy Oil and Israel’s Ratio Energies, eight months after the war with Iran forced Israel to shut its biggest gas field. The Zone G licenses cover about 1,700 square kilometers of seabed roughly 25 kilometers southwest of Leviathan. Murphy will operate the licenses, and each partner holds 50%.  The award marks Murphy’s first venture into th…

Ratio replaces ENI with US partner for gas exploration

Ratio Petroleum has teamed with US company Murphy Oil Corporation for exploration in Cluster G in Israel's economic waters.