Israel News

 

Israel to Link Leviathan Offshore Gas Field to Egypt's LNG Plants

Feb 22, 2021

Israel and Egypt have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said on Sunday.The Palestinians also said they had signed an agreement with Egypt's energy minister…

Israel and Four Arab States Discuss Energy Sector

Jan 15, 2021

Israel's energy minister held a video conference call with his counterparts in the United Arab Emirates, Morocco, Sudan, and Bahrain for the first time on Thursday, according to a statement from his office.The Israeli minister, Yuval Steinitz…

Energean to Pay Up to $405M for Remaining Stake in Energean Israel

Dec 30, 2020

Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…

Energean Sells More Gas from Karish Field

Dec 17, 2020

Energean, an oil and gas company focused on developing its Karish gas field offshore Israel, has signed agreements to sell more gas from the project.The company said Thursday its 70 percent-owned subsidiary Energean Israel had entered into a…

Energean in Talks to Take Full Ownership of Israeli Subsidiary

Dec 07, 2020

Mediterranean Sea-focused oil and gas company Energean is looking to take full ownership of its 70 percent-owned subsidiary Energean Israel.The company said Monday it had entered into an exclusivity arrangement with an affiliate of Kerogen Capital…

Israel, Lebanon Hold Second Round of Sea Border Talks

Oct 28, 2020

Israel and Lebanon on Wednesday held a second round of U.S.-mediated talks over their disputed sea border that has held up hydrocarbon exploration in the potentially gas-rich area, though sources said gaps between the sides remain large.Delegations from the long-time foes reconvened at a U…

Lebanon and Israel in Talks Over Maritime Border

Oct 13, 2020

Lebanon and Israel, formally still at war after decades of conflict, launch talks on Wednesday to address a long-running dispute over their maritime border running through potentially gas-rich Mediterranean waters.The U.S.-mediated talks follow…

Stena Drilling Wins Drillship Work Offshore Israel

Oct 12, 2020

Offshore drilling company Stena Drilling has won a contract for its Stena Forth drillship in the Mediterranean Sea, offshore Israel.Stena Drilling said the contract was with Noble Energy Mediterranean Ltd, which is now a subsidiary of Chevron…

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…

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…

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…

Israel-Egypt Gas Pipeline Unaffected by Reported Attacks, Delek says

Feb 03, 2020

Israel's Delek has dismissed reports that the gas pipeline carrying gas from the Leviathan offshore field to Egypt has been affected by a reported terrorist attack in Egypt.Al Jazeera on Monday reported that a group of attackers had blown up a gas pipeline in Egypt's Sinai Peninsula…

Leviathan Delivers First Gas

Dec 31, 2019

Israel's $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.Natural gas began flowing from Israel's largest field despite regulatory…

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