Additionally, insurance rates rose. Finally, the cost of foreign subcontractors added to NewMed’s costs. NewMed reported a depreciation, depletion, and amortization expense of around $38 million.

The Middle East conflict has so far not significantly impacted global oil and gas flows, reflecting the marginality of ...

Israeli player takes stake in Han Asparuh block that may host structures similar to Turkey's nearby Sakarya field and OMV ...

OMV Petrom, the largest integrated energy producer in Southeastern Europe, announced a strategic partnership with NewMed ...

NewMed Energy LP (DKDRF) achieved a record quarter for production, with an average of 1.2 BCf a day. The company reported a net profit of $147 million, which is 25% higher than the same quarter last ...

NewMed Energy signed an agreement to buy a 50 percent stake in the Han Asparuh block, located on Bulgaria's side of the Black Sea, from OMV Petrom. NewMed Energy LP has signed an agreement to buy ...

NewMed Energy signed an agreement to buy a 50 percent stake in the Han Asparuh block, located on Bulgaria's side of the Black Sea, from OMV Petrom.

OMV Petrom, the largest integrated energy producer in Southeast Europe, has entered into a strategic partnership with NewMed Energy Balkan, a subsidiary of NewMed Energy, to advance exploration ...