Oil Discovered in Northern Israel

In case anyone missed it last summer, oil has been discovered in Northern Israel. We’re not waiting for an oil discovery – it’s already happened! The oil has been/is being produced and sold. What’s more, the exploration company, Givot Olam,...

1.5 Billion Barrel Oil Discovery in Israel?

News reports out Israel of a 1.5 billion barrel oil discovery lit up websites and news postings yesterday. Israeli oil exploration company Givot Olam announced to the Tel Aviv Stock Exchange (TASE) on Tuesday that, “Production test drilling at Givot Olam’s...

Givot Olam’s Meged #5 Produces Oil

Share May 31, 2010 Givot Olam Oil Exploration LP (TASE:GIVO.L) announced plans to frac (pumping special fluids into the well bore to create enough pressure to crack or fracture a target formation within the well) section 1 of the Meged 5 well near Rosh Ha’Ayin,...

A Biblical Treasure Hunt Part 2

THE SEARCH FOR OIL IN THE LAND OF ISRAEL By Philip Mandelker (installment two of a series, for installment one click here) Notwithstanding the desertion of the large international oil and gas companies following the establishment of the State, exploration continued in...