Israel
News
March 28, 2016
Partners in Israel’s largest offshore gas field say a court ruling that blocked the government’s proposal to regulate the natural gas industry won’t derail their development plans. The nation’s oil and gas stock index sank.
News
March 24, 2016
Israel’s High Court struck down the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that blocked plans to develop the country’s largest field and conclude export deals.
News
December 18, 2015
Noble Energy was notified Thursday that the government of Israel acted to implement the Natural Gas Framework through execution of Section 52 of the Restrictive Trade Practices Act. Execution of Section 52 resolves and provides exemption from claims of the Anti-trust Authority with respect to the Leviathan joint venture partners' acquisition of petroleum rights in the underlying permits.
News
December 06, 2015
The Egyptian Government ordered its oil and gas arms to freeze talks on importing Israeli natural gas after an international arbitration court ordered the Arab world’s most populous nation to pay a fine of almost $1.73 B to Israel.
News
October 12, 2015
Delek Group Ltd., a partner in Israel’s two largest offshore natural gas fields, said a unit has acquired 20% of Canada’s Ithaca Energy Inc. for about $66 million as part of its strategy to transform itself into a global energy company.
News
October 09, 2015
Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area.
News
October 07, 2015
TEL AVIV -- An Israeli energy company has reported a major oil discovery in the Golan Heights.
News
September 08, 2015
Israel’s parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports.
News
August 31, 2015
Shares of the natural-gas exploring units of Delek Group Ltd. plunged the most in 14 years in high volume on concern the discovery of the Mediterranean’s largest field off the coast of Egypt will curtail their exports.
News
August 16, 2015
The Israeli cabinet approved a regulatory blueprint for developing the country’s natural gas fields, backed by Prime Minister Benjamin Netanyahu and opposed by detractors who call it overly generous to energy companies.
News
August 14, 2015
Israel and the developers of the country’s natural gas fields reached an agreement on a regulatory framework, coming one step closer to resolving a dispute that’s held up production.
News
June 29, 2015
Israel’s proposed guidelines for regulating its natural gas reserves are the best it can hope for because the local industry can’t support competition, a senior government official said.
News
June 25, 2015
A forum of top Israeli ministers will meet on Thursday to try to break up a regulatory logjam stalling the development of Israel’s biggest natural gas field.
News
June 17, 2015
Delek Group Ltd. rose to the highest since December as investors discerned an end to months of regulatory uncertainty that halted development of Israel’s offshore natural gas fields.
News
March 11, 2015
TEL AVIV -- Palestine Power Generation Co. may cancel a deal to buy gas from Israel’s largest offshore field due to regulatory and development delays, the partners in the Leviathan field said in a filing on Wednesday.
News
December 23, 2014
JERUSALEM (Bloomberg) -- Israel’s gas stocks plunged after the antitrust commissioner signaled he may take action that would hurt companies developing the country’s two largest natural gas fields. Antitrust chief David Gilo said he was reconsidering his March 2014 agreement to let a partnership led by U.S.-based Noble Energy and Israel’s Delek Group retain its stakes in the Leviathan and Tamar reserves if they would sell smaller fields. He said the arrangement may crimp competition and that he was considering declaring the partnership a monopoly, a move that might require it to sell holdings in one of the two big fields.
