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...

Israel Reverses Flow of Egypt Pipeline

The Jerusalem Post reported recently that Noble Energy has signed a deal to supply gas to Egypt via the same pipeline that supplied Israel with Egyptian gas for years. Also in the JP article are mentions that Noble has agreed to sell gas to the Palestinians and to...

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...

Noble Energy delays Leviathan oil drilling

Since its massive natural gas discovery in the Leviathan field offshore of Israel, Noble Energy has suspected that commercial oil reserves may lie beneath the gas find. Plans to begin oil drilling in Leviathan’s two lowest strata have been delayed for a month due to...