News
November 14, 2023
Imports are expected to rise to 650 MMcfd on Thursday, and to the normal level of 800 MMcfd early next week, from about 250 MMcfd earlier in November, the person said, asking not to be named because the information isn’t public.
News
November 13, 2023
Chevron Corp. has started supplies to local customers in Israel and the region from its Tamar natural gas field, the company said Monday. The field was closed last month on safety concerns following Hamas’s Oct. 7 attack on Israel.
News
November 07, 2023
The Ramform Titan is scheduled to mobilize for the survey in December, and the exploration contract has a total duration of approximately 160 days.
News
November 03, 2023
The giant offshore Leviathan field is exporting the fuel after another Israeli field, Karish, returned from an outage, allowing domestic demand to be met, said people familiar with the matter, who asked not to be named because the information isn’t public.
News
November 01, 2023
The company hasn’t changed its mind on expansion, in particular, at its giant Leviathan field, which has helped Israel gain energy independence and turn into an exporter of the vital fuel, Colin Parfitt, Chevron’s Vice President for Midstream, said in an interview in London.
Article
October 2023
Upstream situation in Eastern Mediterranean deteriorates
News
October 30, 2023
The halt in the gas imports appears linked a decision earlier this month by Israeli authorities to shut down the offshore Tamar gas field amid concerns it could be impacted by the fighting between its military and Hamas in the Gaza Strip.
News
October 29, 2023
Crude was trading on Friday when Israel stepped up ground operations, and West Texas Intermediate surged as much as 3.2% to trade above $85 a bbl.
News
October 20, 2023
War in the Middle East could cause the oil price to surge to $140 a bbl and bring the world to the brink of a recession, according to Ana Boata, head of economic research at Allianz Trade.
News
October 18, 2023
CEO Mike Sommers acknowledged the parallels between the 1973 crisis in the Middle East that led to the embargo and the crisis unfolding today, expressing strong support for President Biden’s opposition to Hamas-led terrorism and reiterating the need for American leadership on the global stage.
News
October 18, 2023
While Israel’s oil imports are small in the context of global supply and little comes from the Middle East, the comments were significant in that they marked verbal escalation over the war between Israel and Hamas, which is considered a terrorist organization by the U.S. and European Union.
News
October 17, 2023
Oil steadied as the U.S. intensified diplomatic efforts to contain the crisis in Gaza, with President Joe Biden slated to visit Israel this week to try to prevent a regional conflagration.
News
October 11, 2023
Executives at bp and ADNOC, already weighing whether to improve their initial proposal for the Israeli natural gas producer, are anticipating further delays on the deal until the political situation improves, according to people familiar with the matter, who requested anonymity as the matter is private.
News
October 06, 2023
Saturday’s strike and Israel’s subsequent declaration of war risk unnerving markets when they reopen Monday, with investors eyeing the reaction of the oil price as a guidepost, although crude traders aren’t anticipating an outsized surge.
News
September 18, 2023
This exploration license 434, similar to Zion’s previous exploration licenses, will be valid for three years until September 13, 2026, with the option of four 1-year extensions, for a total of seven full years until September 13, 2030.
News
August 28, 2023
The involved parties can now “enter into discussions to reach an agreement within a period of 30 days,” Papanastasiou told Bloomberg News, without elaborating on why the plan was rejected. The period for a new round of negotiations started Friday.
News
June 15, 2023
On June 14, Zion Oil & Gas provided a fresh report on the status of its operations in Israel. The firm took the opportunity to share a few key takeaways from its recent annual meeting.
News
June 01, 2023
Ramform Hyperion is expected to mobilize for the survey late third quarter and the program has a total duration of approximately 70 days.
News
May 19, 2023
"Our preparations for the re-entry of the Megiddo-Jezreel #1 well (MJ-01) are underway, and we are excited about the potential for success by utilizing new perforation methods," said Rob Dunn, CEO of Zion Oil & Gas.
News
March 28, 2023
The move will deepen BP’s presence in the eastern Mediterranean and mark ADNOC’s first venture into the region, which has seen several major gas finds in the past 15 years and attracted billions of dollars of investment from energy firms.
News
March 13, 2023
Zion Oil and Gas is steadily moving forward with operational plans in anticipation of the new license being granted very soon. The company’s most recent updates have alluded to its intentions of re-entering the MJ-1 well.
