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ISRAEL AT WAR - DAY 349

Delek Drilling

Illustrative: People on a beach as a drilling platform is seen in the background outside from Larnaca port, in the eastern Mediterranean island of Cyprus, October 15, 2017. (Petros Karadjias/AP)
May 31, 2023, 3:02 pm
Israel’s NewMed and partners to connect the Aphrodite gas field off Cyprus to Egypt
New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir
By Sharon Wrobel
Illustrative: Stena drilling ship. (NewMed Energy)
May 7, 2023, 8:05 pm
Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
By Sharon Wrobel
The Leviathan natural gas platform off the shore of Israel. (Albatross)
March 28, 2023, 3:14 pm
UK’s BP teams up with Abu Dhabi state oil group to buy 50% of Israel’s NewMed Energy
Offer values NewMed, a key stakeholder in Israel’s Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a ‘testament’ to Israel-UAE ties
By Sharon Wrobel
Wind turbines in Jordan, November 2021. (RnDmS via iStock by Getty Images)
August 17, 2022, 3:07 pm
Israeli companies tout big plans to develop renewable energy projects in MENA
NewMed (formerly Delek Drilling), developer of Leviathan and Tamar gas fields, and Enlight Energy to make push for green energy generation in region, including Saudi Arabia, Oman
By Ricky Ben-David
The Tamar offshore natural gas platform. (Delek Drilling)
April 26, 2021, 12:19 pm
In biggest-yet Israel-UAE deal, Delek to sell stake in Tamar gas field for $1.1b
Israeli energy company signs memorandum of understanding with Mubadala Petroleum, owned by Abu Dhabi government
By Stuart Winer
View of the Leonardo hotel on the beachside of Haifa (Moshe Shai/FLASH90)
August 10, 2020, 6:22 pm
High Court comes out against Tshuva’s plan for four hotel towers on Haifa beach
Environment Ministry hails victory as judges appear to bury 1970s project with a demand for ‘a more modest’ version, that will not involve draining sea to create a bigger beach
By Sue Surkes
View of the Leviathan gas field gas processing rig near the city of Caesarea, on January 31, 2019. (Marc Israel Sellem/Pool)
July 22, 2020, 1:13 pm
Chevron’s Noble buy reflects Israel’s ‘warming’ ties with Gulf states — expert
International energy adviser says deal indicates Israel is ‘no longer a taboo’ in industry over fear of Arab boycott; still, the energy giant may end up selling the Israeli assets
By Shoshanna Solomon
Israel's offshore Leviathan gas platform. (Albatross)
July 20, 2020, 4:25 pm
Chevron’s $5b Noble Energy buy brings a new owner to Israel natural gas fields
Noble Energy has played a key role in discovering and developing Israel’s mammoth offshore natural gas fields, Tamar and Leviathan
By Shoshanna Solomon
A view of the Leviathan natural gas processing rig from Dor Habonim Beach Nature Reserve, on January 1, 2020. (Flash90)
July 1, 2020, 12:22 pm
Gas company reports high prices, huge debt; public still waiting for wealth fund
In first quarter report, Delek Drilling discloses $444.4 million in assets, $84.3 million in profits, a $2 billion deficit, $3.4 billion of loans to repay over next 18 months
By Sue Surkes
Israeli businessman Yitzhak Tshuva speaks at an energy conference in Tel Aviv, February 27, 2018. (Flash90)
May 19, 2020, 6:38 am
As small firms crash, tycoon Tshuva, already propped up by taxpayer, gets rescue
Forgoing immediate repayment of NIS 6 billion in loans from Yitzhak Tshuva, whose losses are cutting into Israelis’ pensions, two pension and insurance companies offer a lifeline
By Sue Surkes
The platform of the Leviathan natural gas field in the Mediterranean Sea, pictured from Israel's northern beach of Dor on December 31, 2019. (Jack Guez/AFP)
February 18, 2020, 11:08 pm
Government body wants taxpayers to subsidize half of new gas pipeline
Natural Gas Authority invites public to comment on plan to pour NIS 350 million into project; critics say deal benefits the gas companies and not Israeli citizens
By Sue Surkes
The Noble Energy control room on the Leviathan platform on December 31, 2019. (Noble Energy)
December 31, 2019, 5:42 am
Despite pollution fears, gas flow begins from behemoth Leviathan field
Noble Energy performs gas rig flushing test overnight, and begins extracting gas and sending it to Israel, overruling opposition from locals, environmentalists
By Shoshanna Solomon
Rigs in the Leviathan gas prospect off the coast of Israel, in an undated photo provided to The Times of Israel. (Albatross Aerial Photography)
December 16, 2019, 2:11 pm
Israel to start pumping gas from Leviathan, making country an energy powerhouse
Fuel flow expected to bring energy autonomy along with exports; but drop in global prices, environmental concerns, and Egypt’s new massive natural gas reserves curb the enthusiasm
By Shoshanna Solomon
A crane vessel makes its way to Israel to help set up the Leviathan natural gas platform. (Noble Energy)
From the WebNovember 3, 2019, 11:48 pm
Israel-Egypt gas pipeline deal expected in coming days
Texas-based Noble Energy, Israel’s Delek Drilling and Egyptian East Gas Co. to announce agreement imminently, Reuters reports
Cyprus energy minister George Lakkotrypis at the Eastern Mediterranean gas conference held in Nicosia, Cyprus, March 21, 2018. (AP/Petros Karadjias)
June 5, 2019, 6:09 pm
Cyprus $9 billion gas production deal includes Israel’s Delek
Israeli energy company part of consortium to develop offshore natural gas fields of island neighbor
By AFP
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