The Israeli stock market ended Sunday’s trading session with a positive trend, boosted by gains in sectors such as technology, oil and gas, and insurance. The closing figures on the Tel Aviv Stock Exchange confirmed investor interest in local assets.

BP is reshaping its investment portfolio by offloading select assets in favor of ramping up investments in oil and gas. Recently, the company announced the sale of its stake in the entity that invested in the TANAP gas pipeline—which connects Azerbaijan and Turkey—for 1 billion dollars to Apollo Global Management. This move reflects BP’s strategic asset optimization in the context of the global energy transition and its efforts to streamline its portfolio.

In a move reflecting the evolving dynamics of the global energy market, Japan Petroleum Exploration (Japex) $1662.T has revised its investment strategy to prioritize exploration and production of oil and gas until the 2030 financial year. Faced with rising costs and market uncertainties in renewable energy, company leadership has opted to concentrate on the more lucrative oil and gas segment. This strategic adjustment highlights Japex’s commitment to adapting its business model in response to worldwide industry trends.

The cancellation of a court decision on the development of oil and gas fields in the North Sea marks a significant event in the UK’s oil and gas industry, representing an important step forward for environmental advocacy. This Scottish ruling introduces uncertainty in the execution of large projects initiated by industry giants such as Shell $SHEL.L and Equinor $EQNR.OL.