Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
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
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
Egypt has formally committed to purchasing the entire gas output from Cyprus's Aphrodite offshore field once it commences production. This significant developme
A recent exploration well drilled by a consortium including OMV Petrom and NewMed Energy in the Bulgarian Black Sea failed to discover commercially significant
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