Leviathan News

 

Israeli Gas Exports to Egypt Resume But in Small Quantities

Nov 03, 2023

Israeli natural gas exports to Egypt have resumed after a disruption last weekend but in small volumes, an official in Egypt's petroleum ministry said on Thursday, without specifying the current flow.Three people with knowledge of the matter also told Reuters on Tuesday the flow had resumed, with two saying it had only been reduced, not halted.The disruption in exports follows Israel's suspension of production at Chevron's Tamar gas field on Oct…

Leviathan Partners Submit Expansion Plan

Feb 23, 2025

Partners in the Israeli Leviathan offshore natural gas project have submitted a multi-billion-dollar plan with the government to significantly expand the field and boost production, one of the partners in the group said on Sunday.NewMed Energy…

Expansion Works at Leviathan Gas Field Off Israel Delayed as War Escalates

Oct 07, 2024

Chevron Mediterranean, a subsidiary of the U.S. oil giant Chevron, has informed that the works on the Leviathan field that would expand its gas production have been postponed due to the escalation of security situation resulting from the Israel-Gaza war…

Chevron Resumes Israel Offshore Gas Production

Oct 02, 2024

Chevron said on Wednesday it has resumed natural gas production at the Tamar and Leviathan platforms offshore Israel following brief precautionary production shut-in on Tuesday night.(Reporting by Ron Bousso; editing by Jason Neely)

Israel Awards Gas Exploration Licenses to Eni, BP and Four Others

Oct 30, 2023

Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…

Middle East Conflict Threatens Regional Gas Market, Could Affect Europe's LNG Supplies - Rystad

Oct 19, 2023

The ongoing conflict between Israel and Hamas, the Palestinian militant group, poses a serious threat to the regional natural gas market and could have knock-on effects on Europe’s liquefied natural gas (LNG) supply as winter approaches, Rystad Energy…

Chevron Halts Exports Through Major Subsea Pipeline Between Israel and Egypt

Oct 13, 2023

Chevron has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, the company said on Tuesday.The decision to halt exports via the East Mediterranean…

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Israel: Leviathan Field Consortium Plans $568 Million Pipeline to Expand Gas Production

Jul 04, 2023

Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports.Leviathan, a deep-sea field with huge deposits, came…

Leviathan Field Partners Start Plans for Israeli Floating LNG Unit

Feb 21, 2023

Partners in the Leviathan gas field in the eastern Mediterranean have approved nearly $100 million of spending on preparation for expansion that includes a floating liquefied natural gas (LNG) terminal off the coast of Israel, the companies said on Tuesday…

Israel's NewMed Forecasts $15B Offshore Gas Boost for Sovereign Wealth Fund

Feb 08, 2023

Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…

Capricorn Energy Drops Tullow Merger Plan in Favor of Israel's NewMed

Sep 29, 2022

Capricorn Energy plans to merge with Israel's NewMed in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil.The Capricorn-NewMed deal would create an Israel…

Israel's NewMed Moving Forward with Aphrodite Gas Field Offshore Cyprus

May 24, 2022

Israel's NewMed Energy [formerly known as Delek Drilling] on Monday said it was moving forward with the development of the Aphrodite natural gas field offshore Cyprus and reported a drop in quarterly profit as new tax regulations took effect…

Seajacks' New WTIVs Named After Mythological Sea Creatures

May 24, 2022

UK-based offshore wind turbine installation firm Seajacks, owned by Eneti, has revealed the names of the two next-gen offshore wind turbine installation vessels (WTIV) ordered last year by Eneti.The two new NG-160000X vessels will be known as Nessie and Siren…

Israel's Delek Drilling Changes Name. Shares New Strategic Plan

Feb 22, 2022

Israel's Delek Drilling, a company that owns a stake in the giant Leviathan gas field offshore Israel, and in the undeveloped Aphrodite gas field offshore Cyprus, is changing its name to NewMed Energy. Apart from changing the name, the company…

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