Israel – Page 3 – Oil & Gas 360

Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal

January 3, 2020

Houston Chronicle Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline. The 1,900-kilometer (1,181 miles) link will connect recently discovered, and to-be-found, gas fields in the eastern Mediterranean basin with European markets through Cyprus, Greece and

Israel gets first gas from Leviathan with exports to follow

December 31, 2019

Reuters JERUSALEM – 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 delays and court petitions by groups opposing the project raised doubts that its operators would meet their end-of-2019 timeline. However,

Noble about to start up major Leviathan project in IsraelNoble about to start up major Leviathan project in Israel

December 20, 2019

Houston Chronicle Noble Energy is on the verge of starting up the massive Leviathan natural gas project offshore of Israel any day now after a final legal hurdle was cleared Thursday. The $4 billion Leviathan project led by Houston-based Noble is expected to turn Israel into a legitimate energy player in the Middle East for the first time. On Thursday,

Iranian Tanker Sought by US Heading Toward Greece

August 19, 2019

From The Houston Chronicle An Iranian supertanker with $130 million worth of light crude oil that the U.S. suspects is tied to a sanctioned organization left Gibraltar and was heading east into the Mediterranean Sea on Monday, with its next destination reported to be Greece. The Iran-flagged Adrian Darya 1, previously named Grace 1, set course for Kalamata, Greece, with

Petroleum exports from Russia to the U.S. are growing rapidly as the supplier takes advantage of lost deliveries from sanctions-hit Venezuela and supply cuts by OPEC members. - Oil & Gas 360

Iran Says it Expects Tanker Held by U.K. to Be Released Soon

August 13, 2019

From The Houston Chronicle Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East. “Official and unofficial documents have been exchanged to resolve the matter

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

Israel To Resume Tamar Gas Field Production After Gaza Truce

May 6, 2019

From Reuters Israel will resume gas production from offshore Tamar field after a ceasefire brought an end to a surge in violence in the Gaza Strip, the energy ministry said on Monday. Energy Minister Yuval Steinitz had frozen operations at Tamar, Israel’s main natural gas source, on Sunday when the cross-border violence peaked. Tamar’s production platform is off Israel’s southern

Exxon Is in Talks Over Floating LNG Partnership in Israel

April 10, 2019

From Bloomberg Exxon Mobil Corp. is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field, according to people familiar with the matter. Israeli gas stocks rose. The world’s largest publicly-traded oil and gas company is in talks with the firms developing Israel’s Leviathan reservoir to build a floating liquefied natural gas ship,

Pipeline Snag to Delay Israel Gas to Egypt for 3 Months

March 18, 2019

From Bloomberg Egypt will begin receiving gas from Israel under a $15 billion deal around the middle of the year, after unexpected issues with the pipeline connecting the countries delayed the start-up by several months, people familiar with the situation said. Shares of the largest Israeli partner in the gas fields fell. Egyptian Oil Minister Tarek El-Molla told the CERAWeek

Israel Woos Energy Majors With Modified Gas Exploration Tender

March 4, 2019

From Bloomberg Israel is sweetening the terms of its new gas exploration tender in order to entice major energy firms to put aside concerns about geopolitical and regulatory issues, and finally drill off the nation’s Mediterranean coast. Up for grabs are five offshore drilling sites, which are bigger than in the previous bidding round, Energy Minister Yuval Steinitz said in

Talks Underway to Build New Gas Pipeline to Egypt, Israel Says

January 17, 2019

From Bloomberg Talks are in progress to build a new underwater gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Israeli gas stocks rose. Construction could begin as early as next year on the pipe to transport gas from Israel’s offshore

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

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

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