All signatures have been obtained for the memorandum of understanding (MoU) covering the sale of all recoverable natural gas from Cyprus’ Aphrodite field to the Egyptian Natural Gas Holding Company (EGAS), NewMed Energy Management Ltd announced on Wednesday. In a statement filed with the Tel Aviv...

Offshore Energy • Jul 22

Chevron’s Cypriot gas project edges closer toward binding supply deal with Egypt

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have made inroads in securing a binding agreement for the sale of gas to Egypt from an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Med...

Cyprus Mail • Apr 9

Egypt to buy all Aphrodite gas output from Cyprus

Egypt has agreed to buy all the output of the Aphrodite gas reservoir in Cyprus’ exclusive economic zone once the field starts production, international media reported on Thursday. According to Bloomberg, Newmed Energy LP – which owns a stake in the project – posted the statement on the Tel Aviv ...

Offshore Energy • Apr 2

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria. The post No ‘significa...

Offshore Energy • Feb 4

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well. The post Drilling yields ‘non-significant’ gas shows, next...

View all related news

Company Details

Full Name: NewMed Energy
Ticker: NWMD
Country: Israel
Type: Independent
Blocks: 1
Discoveries: 1

View on Map

Other Companies