Zion’s Elijah #3 is a No-Go

Zion’s Elijah #3 is a No-Go

Zion Oil & Gas announced yesterday in a newsletter to shareholders and friends that results from their second re-entry into the Elijah #3 well failed to give enough evidence of hydrocarbons to continue developing the well. Company President and COO Victor Carrillo...
Zion Oil Re-enters Elijah #3 Well

Zion Oil Re-enters Elijah #3 Well

Zion Oil & Gas began re-entry operations this week at their Elijah #3 well in Northern Israel. Israeli drilling company, Lapidoth, erected it’s drilling rig and prepared the site. Zion is scheduled to begin its vertical seismic profile operation in the well...

Israel’s Gas – A Hook in Russia’s Jaw?

Russia’s Gazprom, the Russian natural gas monopoly, was back in Israel this week meeting with Delek Group executives to ‘examine possible cooperation’ in producing and delivering natural gas to Europe from Israel’s newly discovered massive gas fields in the...

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...