Aphrodite gas field in Cyprus to be developed by companies for $4 billion
NewMed Energy, an Israeli company, said that the partners in the offshore Aphrodite gas field had submitted to the Cypriot Government a plan for the development of the project. The cost is estimated to be around $4 billion. NewMed…
Gas Output to Resume at Israel's Leviathan After Brief Halt
Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said [on Saturday].The platform's flare system had been activated to burn off excess gas…
Delek Looking to Sell Karish & Tanin Royalty Rights
Israeli energy conglomerate Delek Group said on Sunday it was in talks to sell royalty rights to two small natural gas fields and was amending its proposed share offering.Delek said it planned to sign a 300 million shekel ($85…
Leviathan Gas Exports Expected by Month's End
Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday."Within 2-3 weeks we will open the wells and star
Delek Drilling to Spin Off Tamar Stake
Israel's Delek Drilling is looking to spin off its remaining 22 percent stake in the offshore Tamar gas field in 2019, the company's chief executive said on Monday.Last year Delek spun off an initial 9.25 percent of Tamar into a new company in Tel Aviv called Tamar Petroleum.
Israel Exploring Eastern Mediterranean
Israel will tender off 19 new offshore blocks to oil and gas companies, its energy ministry said on Sunday, hoping to rebound from a disappointing bidding round a year ago.Israel discovered in 2009 that it had large reserves…
Israeli 2014 Oil Spill Caused $76 Mln of Damage
A 2014 oil spill by a secretive state-run company that flooded an Israeli nature reserve caused 281 million shekels ($76 million) worth of damage, Israel's Environmental Protection Ministry said on Wednesday.The ministry sent…
Israeli, Egyptian Partners Buy into Pipeline to Allow Gas Deal
Israeli and Egyptian partners have agreed to purchase 39 percent of the shares in the EMG pipeline for $518 million, a deal that will enable natural gas exports from Israel to Egypt to begin as early as the start of 2019, the companies said on Thursday.Under the deal, Israel's De
Funding Secured for Israel's Largest Wind Farm
Enlight Renewable Energy said on Monday it secured 525 million shekels ($145 million) in financing to build Israel's largest wind energy project.The total cost for the 96 megawatt wind farm is 660 million shekels, Enlight said.
Israel's Delek Group Posts Record Q3 Profit
Israeli energy conglomerate Delek Group reported a record profit in the third quarter boosted by the sale of a stake in the Tamar natural gas field. Delek said on Wednesday it earned 1.02 billion shekels ($291 million) for the quarter, up from 85 million a year earlier.
Israel Takes Bids for Offshore Exploration
Israel said on Wednesday it received bids to explore for oil and gas in its economic waters from Greece's Energean and a consortium of Indian firms including ONGC Videsh, Bharat PetroResources , Indian Oil Corp and Oil India.
Med Gas Pipeline Possible by 2025
Project may cost up to 6 billion euros; final investment decision could come by 2020. European and Israeli governments gave their support on Monday to moving forward with a Mediterranean pipeline project to carry natural gas from Israel to Europe…
Energean to Spend $1.5 bln on Israeli Offshore Gas Deal
Greek company Energean Oil & Gas plans to build its own production system in the eastern Mediterranean at a cost of up to $1.5 billion to tap two Israeli offshore gas fields, the group's chief executive said on Wednesday. Greece's…
Israel Accepting Bids for 24 Offshore Blocks
Israel on Tuesday said it was accepting bids for the rights to drill in 24 offshore exploration blocks as the country looks to bolster its oil and gas sector. Large natural gas deposits have already been found off Israel's Mediterranean coast…
Harel in Talks with Noble to buy stake in Tamar Gas Field
Israeli insurer Harel said on Sunday it is in talks to buy up to 4 percent in the Tamar natural gas field from Texas-based Noble Energy . A final agreement has yet to be reached, Harel said in a statement to the Tel Aviv Stock Exchange…
Israel to Use Seaborne Missiles to Guard Gas Fields
Israel's military said on Wednesday it had developed a version of its Iron Dome missile interceptor system that can be fired from the deck of a cruising navy ship to protect its offshore gas platforms. The augmented defense system…
Israeli finds Another Large Offshore Gas Field
An Israeli exploration group reported on Sunday it has discovered another large natural gas field off Israel's Mediterranean coast. The group, led by Isramco Negev and Modiin Energy, said that a resource report showed there could…
Israelis Chase Egypt Gas Contracts
Egypt important to Israeli gas export plans; arbitration linked to Egyptian gas exports. Israeli firms Delek Group, Ratio Oil, and Isramco Negev said on Monday they would push ahead with talks to export natural gas to Egypt despite…
Delek, Noble sell Two Small Israeli Gas Fields
Israel's Delek Group and Texas-based Noble Energy moved forward with plans to sell off two small natural gas fields in the eastern Mediterranean with Delek purchasing the full rights to sell the fields to a new buyer. Under the deal…
Israeli Regulator Wants to Question Siemens Officials in Bribery Case
The Israel Securities Authority wants to question officials from Siemens as part of a corruption investigation at state-owned Israel Electric Corp (IEC), the Calcalist financial newspaper reported on Wednesday. The authority…
