From The Houston Chronicle Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East. “Official and unofficial documents have been exchanged to resolve the matter
From Reuters Israel will resume gas production from offshore Tamar field after a ceasefire brought an end to a surge in violence in the Gaza Strip, the energy ministry said on Monday. Energy Minister Yuval Steinitz had frozen operations at Tamar, Israel’s main natural gas source, on Sunday when the cross-border violence peaked. Tamar’s production platform is off Israel’s southern
From Bloomberg Exxon Mobil Corp. is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field, according to people familiar with the matter. Israeli gas stocks rose. The world’s largest publicly-traded oil and gas company is in talks with the firms developing Israel’s Leviathan reservoir to build a floating liquefied natural gas ship,
From Bloomberg Egypt will begin receiving gas from Israel under a $15 billion deal around the middle of the year, after unexpected issues with the pipeline connecting the countries delayed the start-up by several months, people familiar with the situation said. Shares of the largest Israeli partner in the gas fields fell. Egyptian Oil Minister Tarek El-Molla told the CERAWeek
From Bloomberg Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to put aside concerns about geopolitical and regulatory issues, and finally drill off the nation’s Mediterranean coast. Up for grabs are five offshore drilling sites, which are bigger than in the previous bidding round, Energy Minister Yuval Steinitz said in
From Bloomberg Talks are in progress to build a new underwater gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Israeli gas stocks rose. Construction could begin as early as next year on the pipe to transport gas from Israel’s offshore
Leviathan anticipated production is at least 350 MMcf/day (gross) Noble Energy (ticker: NBL) gave more updates today regarding its agreements with the Eastern Mediterranean Gas Company S.A.E, the owners of the EMG Pipeline, a 90-kilometer pipeline located mainly offshore of Israel. The agreements will support delivery of natural gas from offshore Israel into Egypt, specifically the offshore Leviathan and Tamar
Noble sells down its working interest in Tamar field as part of Israel’s approved natural gas regulatory framework Noble Energy (ticker: NBL) announced the sale of a 3% working interest in the Tamar field offshore Israel today for $369 million, which gives Tamar a gross pre-tax valuation of approximately $12 billion. Noble sold the working interest in the project to
13 BCM of natural gas from the Leviathan Field for combined cycle natgas generation Noble Energy’s (ticker: NBL) Tel Aviv-based partner in the Leviathan offshore natural gas field, Delek Group (ticker: DGRLY) reached an agreement with IPM Beer Tuvia Ltd. for the supply of natural gas, the company said in a press release Monday. IPM Beer Tuvia said it plans
Since 2009, Israel has been on a hot streak of discovery. Sitting 15 miles off the Mediterranean coast of Israel lies a vast resource of natural gas fields. Beginning with the Tamar natural gas field in 2009 and continuing with the Leviathon field in 2011, the Tanin field in 2012, the Karish field in 2013, and the most recent Daniel
From Reuters May 22 Israel approved on Sunday a deal meant to fast-track the development of the huge offshore natural gas field Leviathan, an Energy Ministry spokeswoman said. Israel’s energy minister said on Wednesday he reached a deal with Texas-based Noble Energy and Israel’s Delek Group that will allow the firms to move forward with the field’s development, hopefully bringing
Noble Energy Eyes Growing Gas Market Eastern Asia is generating plenty of interest for its future natural gas needs, but Noble Energy (ticker: NBL) believes its own substantial opportunity lies below the sea floor of the Eastern Mediterranean. Noble has received its fair share of government and media interest in Israel’s Leviathan Field; the project has been called a “monopoly,”
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
