Daily news and original analysis on the Cyprus and Eastern Mediterranean oil & gas sector.
Egypt has formally committed to purchasing the entire gas output from Cyprus's Aphrodite offshore field once it commences production. This significant development, confirmed by project stakeholder New
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