Newmed Energy Limited Partnership NWMD

Chevron and Egypt are seeking to accelerate agreements needed to connect Cyprus’ Aphrodite gas field to Egyptian infrastructure, as Cairo looks to strengthen its role as an Eastern Mediterranean gas hub.

NewMed Energy and GeoIntelX have announced their collaboration to enhance NewMed's exploration and production of natural gas in its assets through GIX, GeoIntelX's geospatial intelligence platform.

NewMed Energy LP (DKDRF) reports a 53% surge in net profit to $117 million, fueled by higher production and gas prices, while advancing key projects like Leviathan and Aphrodite.

Shell agreed to sell its BG Cyprus unit, holder of a 35% stake in the Aphrodite gas field, to Hungary's MOL Group for $720 million.

The 20-year contract, which excludes the U.S. energy giant, initially involves up to about 1.3 billion cubic meters.

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Israel has ordered Energean to restart the Karish offshore gas platform, the second field back online following a U.S.-Iran ceasefire.

Despite a decline in net profit, NewMed Energy LP (DKDRF) showcases resilience through strategic project expansions and significant cost savings.

CVX suspends Leviathan gas production after Israeli security orders, disrupting regional supply and casting uncertainty over expansion plans.

The project has raised Leviathan's gas production capacity to about 494 billion cubic feet a year.

Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds