Ithaca Energy joins Eni's North Sea Business
Ithaca Energy announced on Thursday that it had completed a deal worth 754 million pounds ($993 millions) to purchase nearly all the UK oil and natural gas assets of Eni. This was a 100% share transaction…
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…
Ithaca Buys Chevron's UK North Sea Fields
Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion.Under pressure…
Delek Nearing Deal for Chevron's North Sea Fields
Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek…
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…
Israel's Delek Sells Stake in Infrastructure Unit at $206 mln Value
Israeli energy conglomerate Delek Group said on Monday it was selling 60 percent of its infrastructure unit to Israeli private equity firm Fortissimo Capital at a value of $206 million.The…
Greece Attracts Interest for Offshore Oil & Gas Tenders
Tenders for offshore oil and gas exploration and exploitation west and south of Greece have attracted "strong interest" from companies exploring in the Mediterranean, the head of Greece's…
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…
Energean Bags Gas Sales Contracts for Israel Offshore Project
Greek oil producer Energean has exceeded its target for gas sales contracts needed before it goes ahead with plans to tap two gas fields off Israel's coast, market sources said on Wednesday.
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.
Israel's Delek Drilling, Avner Oil to merge
Israeli conglomerate Delek Group's gas and oil exploration units, Delek Drilling and Avner Oil Exploration, approved a merger aimed at reducing costs and attracting new investors. Delek…
Leviathan Partners to Start Drilling in Q1 2017
The Leviathan reservoir partners announced on Sunday their plans to begin drilling a new well in the basin during the first quarter of next year, reports The Jerusalem Post. The partners…
Energean to Buy Two Israeli Gas Fields
The partners in Israeli offshore gas fields Tamar and Leviathan have agreed to sell their rights in two smaller fields to Ocean Energean Oil and Gas Ltd for $148.5 million to comply with a government requirement.
EnQuest to Farm Out 20% of Kraken
EnQuest PLC has announced that it is holding discussions with Delek Group Ltd for the sale by EnQuest to one of Delek's subsidiaries of an interest in the Kraken development. EnQuest…
Harel to Buy Tamar Gas Field Stake From Noble
Harel Insurance Investments and Financial Services and the Israel Infrastructure Fund (IIF) are to buy 3 percent of the Tamar natural gas field from Texas-based Noble Energy for $369 million.
Israel Approves Development of Large Offshore Leviathan Natgas Field
Israel's government on Thursday approved the development of the controversial Leviathan natural gas field that will give Israel a second source of gas supply while potentially turning it into a gas exporter.
Leviathan Natgas Development at Risk for Delay
Noble Energy warned of the risk of a delay to the development of the Leviathan natural gas field off Israel's coast after Israel's Supreme Court blocked a crucial provision of a plan to develop the site.
Albania to Rewrite Oil Deal with Bankers after Tax Tiff
Albania will renegotiate its oil output-sharing contracts with Bankers Petroleum and other oil firms and impose a limit on their recoverable expenses to improve tax receipts, Energy Minister Damian Gjiknuri on Wednesday.
Israeli Firms, Leviathan in Natural Gas Talks
The partners in Israel's offshore Leviathan natural gas site said on Thursday they were in talks to supply gas to a number of Israeli companies. In a statement to the Tel Aviv Stock Exchange…
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…
