Will Israel be energy independent soon?

Will Israel be energy independent soon?

Natural gas production from the offshore Leviathan gas reservoir should begin by 2018. According to the Jerusalem Post, “Delek Drilling, a member of the Leviathan partnership, made the announcement in the company’s third quarter financial report for 2014. The...

Noble Energy Discovers Gas Offshore Cyprus

HOUSTON, Noble Energy, Inc. (NYSE: NBL) recently announced a natural gas discovery at the Cyprus Block 12 prospect, offshore the Republic of Cyprus. The Cyprus A-1 well encountered approximately 310 feet of net natural gas pay in multiple high-quality Miocene sand...

Tamar $5 billion gas deal with Dalia Power

(from Natural Gas Asia) Delek Drilling-LP (DEDRL) and its partners in Israel’s Tamar gas field have signed a $5 billon agreement to supply Dalia Power Energies Ltd. with natural gas for 17 years. Bloomberg reports that Tel Aviv-based Dalia Power is building a power...

Lebanon joins volatile Med gas scramble

BEIRUT, Lebanon, Jan. 6 (UPI) — Lebanon has raised the stakes in the high-octane poker game under way in the natural gas-rich eastern Mediterranean by approving a law to administer offshore exploration and drilling, joining Israel, Cyprus and Turkey in a...