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Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.

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Cyprus Mail·Jul 22·1 min read

All signatures secured for Aphrodite gas sales MoU with Egypt

The joint venture partners in Cyprus' offshore Block 12 have formalized an initial commercial framework to export the entirety of the Aphrodite field's natural gas reserves directly to Egypt. This mil

NewMed EnergyAphrodite

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

Chevron and its consortium partners Shell and NewMed Energy have advanced negotiations toward a binding gas sales agreement to export natural gas from Cyprus's

Offshore Energy·Jul 22·Block 12Chevron Corporation

Egypt to buy all Aphrodite gas output from Cyprus

Egypt has formally committed to purchasing the entire gas output from Cyprus's Aphrodite offshore field once it commences production. This significant developme

Cyprus Mail·Apr 9·NewMed EnergyAphrodite

No ‘significant’ gas volumes in Black Sea exploration well

A recent exploration well drilled by a consortium including OMV Petrom and NewMed Energy in the Bulgarian Black Sea failed to discover commercially significant

Offshore Energy·Apr 2·NewMed Energy

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

OMV Petrom and NewMed Energy encountered non-commercial gas shows in their initial Black Sea exploration well in the Bulgarian sector, signaling a setback for t

Offshore Energy·Feb 4·NewMed Energy