Newmed

NewMed and Ratio Energies canceled a massive $6.7 billion gas supply deal with Dalia power stations due to expected antitrust hurdles, while Dalia strongly rejects the cancellation.

A stormy day in the Israeli energy market: NewMed is launching the first gas survey in Israel in years and returning to search for oil under Leviathan; quarterly profit jumped to $117 million. Expansion of production capacity boosted Tamar Petroleum's revenues to $87 million in the second quarter. Econergy secured huge financing of 229 million euros for the construction of a solar and storage...