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Yitzhak Tshuva

North Sea oil exploration platforms lie in the Cromerty Firth in northern Scotland on March 2, 2003. (AP/Martin Cleaver)
April 24, 2024, 4:18 pm
Tshuva’s Delek unit inks deal for Eni’s UK oil and gas fields in North Sea
Ithaca Energy says the combination deal worth about $938 million will turn the oil and gas exploration company into one of the North Sea’s largest producers
By Sharon Wrobel
North Sea oil exploration platforms lie in the Cromerty Firth in northern Scotland on March 2, 2003. (AP/Martin Cleaver)
September 27, 2023, 5:16 pm
Tshuva’s Delek unit gets UK nod for development of controversial North Sea oilfield
North Sea oil and gas producer Ithaca Energy and Norway’s Equinor will invest $3.8 billion to develop the Rosebank field
By Sharon Wrobel
Oranges being washed, prepared, and packed at the Mehadrin factory in southern Israel, November 28, 2013. (Yaakov Naumi/FLASH90)
July 17, 2023, 5:12 pm
Tshuva’s Delek to buy controlling stake in Mehadrin for NIS 249 million
Israeli conglomerate to acquire 44.48% stake in citrus fruit marketing real estate company from Discount Investment
By Sharon Wrobel
Police officers evicting a resident of Givat Amal on November 15, 2021. (Avshalom Sassoni/Flash90)
December 24, 2021, 11:26 pm
TV: Contractor paid police NIS 2 million to evict families from TA neighborhood
1,000 cops participated in last month’s removal of final working-class residents from Givat Amal area sold to real estate developer Yitzhak Tshuva for luxury homes
By ToI Staff
Ronit Aldouby looks at her Givat Amal home, with luxury towers overlooking, on November 23, 2021. (Carrie Keller-Lynn/Times of Israel)
December 13, 2021, 2:46 pm
A Tel Aviv neighborhood is gone, but evicted residents are still mired in struggle
The working-class Givat Amal is to be replaced by luxury high-rises, but its last residents, scarred and scattered by their removal, say they’re still seeking fair compensation
By Carrie Keller-Lynn
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
Illustrative: A crew works on seepage of 800,000 gallons of oil and brine water oil from an abandoned well in Chevron Corp's Cymric oilfield in McKittrick, California, July 24, 2019 (Irfan Khan/Los Angeles Times via AP, Pool, File)
August 6, 2020, 5:19 pm
Dear Noble Energy shareholders, Chevron is about to take you for a ride
OPINION: Israel won’t keep paying triple price for its own gas, and Chevron’s value will fall when climate is back on the US agenda. You will lose. All of us will.
By Maya Jacobs and Yosef I. Abramowitz
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
An aerial view of the Israeli Tamar gas processing rig 24 kilometers off the Israeli southern coast of Ashkelon.
From the WebApril 27, 2020, 7:09 pm
Delek Group plans to raise NIS 300 million amid battle with bondholders
Reuters: Bondholders, concerned about Delek’s financial situation, threaten to call repayment of all of the NIS 6 billion owed them if money not injected into firm
Israeli businessman Yitzhak Tshuva speaks at an energy conference in Tel Aviv, February 27, 2018. (Flash90)
April 6, 2020, 6:42 am
Public losing money, again, as gas kingpin Yitzhak Tshuva teeters on abyss
As coronavirus hammers the oil and gas industry, Tshuva’s Delek Group and its subsidiary Delek Drilling are bleeding losses. Civil society groups call on banks not to intervene
By Sue Surkes
Inside the Sorek A Desalination Plant, November 2015. (Yossi Zamir/FLASH90)
December 12, 2019, 7:46 pm
Desalination plant that lied about salts to save cash escapes criminal probe
Sorek A ordered to provide NIS 60m worth of water without charge; former official says ‘sum should be much higher’
By Sue Surkes
Inside the Sorek A Desalination Plant, November 2015. (Yossi Zamir/FLASH90)
November 7, 2019, 6:10 pm
Citing their past misdeeds, court nixes bidders for massive desalination plant
Judge rules committee was wrong to advance proposals by Yitzhak Tshuva’s IDE, as well as Hutchison Water, in light of water quality having been faked at another plant they owned
By Sue Surkes
Prime Minister Benjamin Netanyahu speaks during a cornerstone ceremony for the Mobileye campus in Jerusalem on August 27, 2019. (ABIR SULTAN / POOL / AFP)
September 1, 2019, 4:06 am
Netanyahu accuses Channel 12 owners of ‘terror attack against democracy’
Comments come day after PM called for boycott of outlet, which has published extensive leaks from criminal cases against him; commentators warn PM’s attacks risk prompting violence
By ToI Staff
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