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NewMed Energy

Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)
Israel’s NewMed and partners to connect the Aphrodite gas field off Cyprus to Egypt
By Sharon Wrobel
New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir
Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)
May 31, 2023, 3:02 pm
Israel’s NewMed and partners to connect the Aphrodite gas field off Cyprus to Egypt
New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir
By Sharon Wrobel
Illustrative: Stena drilling ship. (NewMed Energy)
May 7, 2023, 8:05 pm
Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
By Sharon Wrobel
The Leviathan natural gas platform off the shore of Israel. (Albatross)
March 28, 2023, 3:14 pm
UK’s BP teams up with Abu Dhabi state oil group to buy 50% of Israel’s NewMed Energy
Offer values NewMed, a key stakeholder in Israel’s Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a ‘testament’ to Israel-UAE ties
By Sharon Wrobel
Israel's offshore Leviathan gas platform. (Albatross)
March 19, 2023, 4:38 pm
Leviathan group, in push to boost gas output, updates reservoir value to $12.5b
Sales from offshore gas reservoir in 2022 rise to $2.5 billion; partners have plans to increase annual gas supply by about 2 BCM with new subsea pipeline expected in 2025
By Sharon Wrobel
Illustrative: The Tamar gas field. (NewMed Energy/Delek Drilling)
December 6, 2022, 6:50 pm
Israeli energy firm signs joint natural gas exploration deal with Morocco
Israel’s NewMed and Adarco Energy each awarded 37.5% stake in Boujdour Atlantique, with license for 8 years; Morocco to get remaining share
By ToI Staff and Sharon Wrobel
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