BP plc BP, the UK-based energy major, and Azerbaijan’s SOCAR have entered Israel’s offshore gas sector through a joint licensing agreement with NewMed Energy, the Israeli Energy Ministry announced on ...

Azerbaijan state oil and gas firm Socar, and Israeli company NewMed Energy (OTCPK:DKDRF) signed a licensing agreement to ...

Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for ...

These initiatives are being carried out under a project management consultancy (PMC) agreement signed on October 11, 2024.

In 1846, the first oil well was drilled in Bibi-Heybat, marking the beginning of industrial oil production in Azerbaijan and ...

BAKU. March 18 (Interfax) - The State Oil Company of Azerbaijan Republic (SOCAR) and Israeli company Union Energy have signed a memorandum of understanding on joint exploration for gas in Israel's ...

BAKU. March 17 (Interfax) - A consortium of the State Oil Company of the Azerbaijani Republic (SOCAR), BP Plc and Israel's NewMed Energy received licenses for gas exploration in Israel's exclusive ...

BP (BP) has been awarded a license to explore for natural gas in Israeli waters along with Azerbaijan state oil company Socar ...

Deepwater area is now in the hands of Socar, BP and NewMed, with Eni waiting in wings to have its fourth-round bid formalised ...

The Israeli Energy Ministry has indicated that more licences are expected to be granted, with a fifth bidding round planned for later in the year.

BP, SOCAR, and NewMed Energy have signed a licensing agreement to explore for natural gas offshore Israel, marking BP's entry ...