East Med energy map

NewMed outmanoeuvres Tullow to take over Capricorn, establishing a big eastern Mediterranean gas play


In depth
Issue 470 - 05 Oct 2022 - By Marc Howard , John Hamilton | 4 minute read

Tel Aviv Stock Exchange-listed NewMed Energy’s proposed acquisition of London-listed Capricorn Energy has pushed aside a planned deal with Tullow Oil in favour of a merger that intensifies Israel’s involvement in the Egyptian upstream sector and could represent another important eastern Mediterranean gas play.

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