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Delek Group Reports Q3 Revenue Of 2 Bln Shekels
Noble Energy Amends Gas Sales Contracts With Dolphinus Holdings Limited
Primorus Receives Confirmation From SOA Energy That It Signed Farm-In Agreement
Delek Drilling LP (The Partnership) is an Israel-based company engaged in oil and gas exploration, development and production in Israel, as well as in oil and gas exploration in the territorial waters of Cyprus. The Company operates in partnership with Delek Drilling Management (1993) Ltd and Delek Drilling Trusts Ltd. The Partnership’s holdings include Yam Tethys Ltd, Delek Driling (Leviatan Finance) Ltd, Delek Driling (Yam Tethys Finance) Ltd, Delek and Avner Yam Tethys Ltd and Delek Driling (Tamar Finance) Ltd. The Partnership’s operations mainly focus on supplying natural gas from the Ashkelon lease (the Mari B reservoir) in the Yam Tethys project, developing the Tamar and Noa gas reservoirs, exploration and development of the satellite reservoirs of the Mari B reservoir (the Pinnacles), appraisal at the Leviathan reservoir, exploration in the territorial waters of Cyprus and exploration in areas covered by licenses in which the Partnership owns.
Oil & Gas Operations
19 Abba Even Blvd.
Asaf Joseph Bartfeld
Chairman of the Board
Chief Executive Officer
Executive Vice President
Executive Vice President-Finance
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Partners in Israel's Leviathan natural gas field have agreed to supply gas worth an estimated $190 million to the Ramat Hovav power plant in southern Israel, Delek Drilling <DEDRp.TA> said on Thursday.
Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.
Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said.
Israeli energy conglomerate Delek Group said on Thursday it will hold an offering for up to 2 million shares after it committed to raise money to appease bondholders.
Delek Group's credit rating was cut to "junk" on Monday, piling pressure on its shares and bonds after the Israeli energy conglomerate postponed fourth quarter results.
Israeli energy firm Delek Group, which has been hard hit by the sharp drop in oil prices, won a temporary court injunction on Sunday against a foreign bank seeking to sell shares in Delek units to cover a loan payment.
Israel's Energy Ministry said on Thursdsay it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project's subsea pipeline.
Israel's Energy Ministry has limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project's subsea pipeline.
The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deep water, a CEO from the group said.
Armed men attacked a gas pipeline in the north of Egypt's Sinai Peninsula late on Sunday, security sources and witnesses said, but gas imports through North Sinai from Israel were unaffected.
Israel's Delek Drilling expects a final investment decision this year on expanding exports from the Leviathan gas field using either an LNG facility in Egypt or a floating terminal, its CEO said on Monday.
Israel's Delek Drilling expects a final investment decision on expanding exports from the major gas field Leviathan this year, either with using an LNG facility in Egypt or by building a floating terminal at sea, its CEO said on Monday.
* Gas could also go to Asia through Suez Canal (Adds interview with Israeli minister)
Egypt began importing gas from Israel's largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub.
Israel began exporting natural gas to Egypt on Wednesday, commencing one of the most important deals to have been signed by the neighbors since they made peace decades ago.
Israel's $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.
Israel's offshore Leviathan natural gas field has begun production, the companies running the project said on Tuesday, after numerous delays pushed off operations in the past weeks.
Companies developing the huge natural gas field Leviathan will begin production on Tuesday after receiving approval from Israel's Environmental Protection Ministry, one of the project's partners said on Friday.
Israel's Environmental Protection Ministry temporarily postponed the start of production at the offshore Leviathan gas field, and the project's partners said on Tuesday they were working with the ministry to bring the field online within a few days.
Israel's energy ministry gave its final approval for the start of production at the giant Leviathan gas field and said the wells will open early on Monday after a court lifted a temporary injunction granted over environmental concerns.
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