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,”
While sizable, it remains unclear if it can be economically or technically produced Afek Oil and Gas, an Israeli subsidiary of U.S. Genie Energy (ticker: GNE) has found substantial amounts of oil and gas in the Golan Heights. According to the company’s press release, the resource is present at multiple strata and in some of the explored portions of the
Natural gas remains a hot topic in Israel The chairman of the Israeli Parliament’s Finance Committee, Eitan Cabel, said that Economy Minister Aryeh Deri has agreed to sign off on a proposed natural gas plan, but only if it is approved by the wider parliament. Earlier this month, Deri said that the development of natural gas is a problem that
We’re determined to get the gas out: Netanyahu The Israeli Finance Ministry will adhere to demands from Noble Energy (ticker: NBL) and Delek to increase the price of gas from its offshore operations near the country. The two large exploration and production companies have been at odds with the government regarding resource prices and the monopolization of certain projects. The agreement from
Update: Jordan wants to wait until anti-trust decision is made before proceeding with Noble deal Jordan suspended talks to import natural gas from Israel from Noble Energy (ticker: NBL) and will instead sign an agreement with BG Group (ticker: BG) to buy Gaza Strip gas. The kingdom halted negotiations after news that the Israeli anti-trust regulator might recommend breaking up
ATP Oil & Gas Corporation (NASDAQ: ATPG) initiated drilling the Shimshon well in the Levant Basin of offshore Israel. The Shimshon well (ATPG is the operator with a 40% WI) is in 3,622 feet of water with a target formation depth of 14,764 feet. “With the recent discoveries in the Levant Basin already exceeding 35 Tcf, the Basin is a
ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of oil and natural gas in the Gulf of Mexico, North Sea and more recently the Mediterranean Sea. The primary near-term catalysts for the company are increasing oil production in the deepwater Gulf of Mexico, as well as its exploration projects in the Mediterranean Sea
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