Leviathan – Oil & Gas 360

Chevron restarts gas production in Israel after brief halt during Iran’s attack

October 2, 2024

(Oil Price) – Chevron has resumed natural gas production and supply from two platforms offshore Israel, where output was briefly suspended as a precaution due to the Iranian missile attack on Israel on Monday. Iran yesterday fired more than 100 ballistic missiles into Israel after the United States warned Israel on Monday morning that an attack was imminent. Oil prices jumped after news

Gas to Gaza? The pipeline that might provide a lifeline

February 23, 2021

Reuters JERUSALEM – Talks on a gas pipeline that would cross political faultlines and deliver reliable energy to the impoverished Gaza Strip have moved from the abstract to the concrete in recent weeks, three officials with knowledge of the process told Reuters. For years the project was a distant prospect because of the Israeli-Palestinian conflict – peace talks between the

Obscure Cypriot Readies $10 Billion Bet on East Med Gas - Oil & Gas 360

Noble Energy says Leviathan, Tamar Pipeline on Track for 2019

September 27, 2018

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 Energy and Delek Sign 15-Year Natural Gas Contract Worth $10 Billion

October 3, 2016

The Leviathan field partners agreed to supply up to 45 Bcm of natural gas to Jordan Houston-based Noble Energy (ticker: NE) announced last week that it has reached an agreement with the National Electric Power Company of Jordan (NEPCO) to supply natural gas from the Leviathan field. Leviathan is Israel’s largest gas field. The field is being jointly developed by

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

Noble Sells 3% Interest in Tamar for $369 Million, Plans to Drill New Well

July 5, 2016

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

Delek Announces $3 Billion Contract for Leviathan Gas

May 31, 2016

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

Economic Minister of Israel Agrees to Natural Gas Deal if Parliament Approves

July 21, 2015

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

UPDATE: Leviathan Field “Monopoly” is Focus of Israel’s Anti-trust Regulator

January 5, 2015

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

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