Israel News

 

Chevron's Interest in Leviathan Field Led to $5 Bln Bid for Noble Energy

Aug 11, 2020

Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U.S. shale oil holdings and give it vast natural gas assets off the coast of Israel. Noble's Leviathan, one of the world's biggest offshore gas discoveries of the last decade…

Chevron Can Lift Leviathan Gas Field to Global Stage, Delek Says

Aug 06, 2020

Chevron's entry into Israel's Leviathan natural gas field will help deliver the technical and marketing nous to turn the project into a global supplier, said the CEO of Delek Drilling, the energy giant's new regional partner.Chevron became the…

Delek Sells $2.25B of Bonds to Finance Leviathan Gas Field

Aug 05, 2020

Israel's Delek Drilling said on Wednesday it will pay an average interest of 6.28% in a $2.25 billion international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.Following a roadshow…

Delek to Sell $2.25B of Bonds to Finance Leviathan Gas Field

Jul 27, 2020

Israel's Delek Drilling plans to raise $2.25 billion in an international bond offering to help it finance the development of the Leviathan natural gas project off Israel's Mediterranean coast.The issue, expected to be completed in coming weeks…

Israel: Tamar Offshore Gas Field to Start Paying Taxes on Profit in 2021

Jul 23, 2020

Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…

Israel's Delek Swings to Big Loss on North Sea Business Impairment

Jul 01, 2020

Israeli conglomerate Delek Group swung to a big first-quarter loss as a fall in oil prices brought an impairment at its North Sea operations, Ithaca Energy.Delek has been hard hit by the global coronavirus crisis and a drop in oil prices and…

Delek Drilling Looks to Refinance $2 Billion in Debt

Jun 29, 2020

Israel's Delek Drilling wants to refinance about $2 billion in loans it had taken to develop the major Leviathan natural gas field either by issuing bonds or through bank finance.The company said in a statement on Monday it approached international…

Allseas' Solitaire Vessel 'Up and Running' at Karish

Jun 01, 2020

Allseas' Solitaire vessel is 'up and running' with pipelay works on the Karish project in the Mediterranean Sea, offshore Israel, the vessel-owner said Friday.'Over the next few weeks, [Solitaire] will lay 90 km of export gas pipeline in water depths up to 1750 m…

Leviathan Gas for New Israeli Desalination Plant

May 27, 2020

The partners in Israel's offshore Leviathan natural gas field have agreed to sell about 2.5 billion shekels ($716 million) of gas to IDE Technologies for its planned desalination plant along the Israeli coast, according to a source familiar with deal…

Delek Sells Karish and Tanin Fields Rights for $90M

May 25, 2020

Israel's Delek Group said on Monday it agreed to sell its rights to royalties from oil and gas produced at the Karish and Tanin fields, which are held by Energean, for 318 million shekels ($90 million).The sum will be divided between Delek and its subsidiary Delek Energy…

Energean: Karish Pipelaying Works Set to Begin

May 25, 2020

The Mediterranean-focused oil and gas company Energean is gearing up to begin pipelaying works as part of its Karish development, offshore Israel.The company on Monday said in a social media post that the Solitaire vessel, owned by Allseas, and Normand Cutter vessel…

Gas Output to Resume at Israel's Leviathan After Brief Halt

May 25, 2020

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

May 18, 2020

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 million) deal…

Energean Ups Israeli Offshore Field Size Estimate

Apr 09, 2020

Eastern Mediterranean-focused gas group Energean said on Thursday a report showed its Karish North field contained around a third more gas and oil than it had previously thought.The Karish North field, according to an expert report typically used in the industry…

Energean Power FPSO Hull Leaves China

Apr 03, 2020

Mediterranean Sea-focused oil and gas company Energean Oil and Gas has informed that its Energean Power FPSO Hull sailed away from the COSCO yard in China on Friday, April 3, 2020.The hull will now be towed to the Sembcorp Marine Admiralty Yard in Singapore…

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