Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Leviathan
Delek seeks LNG expertise amid Leviathan plans
Delek Drilling is ramping up its efforts to expand into LNG, posting a job advertisement for an LNG senior commercial advisor.
Delek’s Leviathan scales up production, exports
Delek Drilling has reported strong gas production results from the Leviathan field, off Israel, spurring it to bring forward the drilling of another production well.
Egypt talks Leviathan, Gaza Marine plans
Israeli and Egyptian ministers have met to talk about a proposed pipeline from the Leviathan field to LNG plants.
Weak demand to limit East Med gas
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Israel approves Chevron deal for Noble
Israel’s Petroleum Council has backed the acquisition of Noble Energy by Chevron.
East Med allure launched Chevron’s move on Noble
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
Delek refinances Leviathan debt
Delek Drilling has raised $2.25 billion through a bond issue to refinance debt taken out for its Leviathan project.
Ithaca’s Delek under pressure to refinance loans
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Bomb attack fails to disrupt Israeli gas to Egypt flow
A pipeline in Egypt’s Sinai has been bombed, according to reports on February 2, but imports from Israel have continued unabated.
Israeli gas flows into Egypt
Gas exports from Israel’s Leviathan field to Egypt began on January 15.
Giant Israel gas field brings energy security and health anxiety
A decade after its discovery was lauded as a guarantor of Israel’s energy security, the giant Leviathan natural-gas field started production Tuesday. But instead of anticipating a coal-free future, residents living near the gas platform have abandoned their homes for a day.
Delek-Noble gas project halted due to ‘danger to public’ concerns
An Israeli court issued a temporary injunction against the Leviathan project, a giant natural gas field led by Delek Drilling LP and Noble Energy out of concerns that it may endanger the health of the public.
Israel endorses Egypt gas exports
Israel has approved permits to export gas to Egypt, from offshore fields. First exports are expected in January.
US backs Israeli gas flows to Egypt
Egypt and Israel have signed a natural gas supply deal at the Investment for Africa Forum, with the US government stepping in to provide insurance on the agreement.
Heerema’s Sleipnir vessel completes world record lift
Heerema’s Sleipnir vessel broke a world record over the weekend, completing a lift of 15,300 tonnes.
Delek says final investment decision taken on $3.75bn Leviathan field
Delek Drilling today confirmed that project partners have taken a final investment decision (FID) on the Leviathan field development in the Mediterranean.
Israeli firm to buy $700m of oil from Leviathan field
An Israeli company has inked a deal to buy up to $700million of natural gas from the Leviathan field, which is under development in the Mediterranean.
Israel gas partners close to $4bn financing for Leviathan
The companies that own the rights to Israel’s largest natural gas pool are close to securing the $4 billion financing needed to develop the field, according to the chief executive officer of one of the partners.
Cypriots buy into Israeli offshore gas fields
Israel’s monopoly watchdog has forced energy firm Delek Group and its partner, Noble Energy, to sell their interests in two gas fields in the Mediterranean amid competition concerns.
Noble and partners receive Leviathan go-ahead
Israel has approved the development of the $5billion Leviathan natural gas field which is set to give Israel a second source of gas supply and turn it into a gas exporter.
Leviathan partners in talks to supply gas to Israeli companies
Partners in the Leviathan natural gas site in Israel are said to be in talks to supply gas to a number of companies in the region. A statement to the Tel Aviv Stock Exchange showed a message from units of Delek Group which said the firms were private electricity producers and industrial companies.
Israel to let US-led consortium keep control of biggest offshore gas field
Israel plans to leave its biggest offshore natural gas project, Leviathan, in the hands of a U.S.-Israeli consortium while opening the industry to more competition, under a proposal announced on Tuesday. Prime Minister Benjamin Netanyahu had been adamant in seeking a deal that would allow Leviathan to be developed and sought a parliament vote to let the state circumvent the antitrust authority, which has expressed opposition. When some ministers said they would not support such a position, Netanyahu faced a coalition crisis and ultimately the vote was postponed due to lack of a majority.
Israel gas policy heads for approval paving way for Noble Energy
A forum of top Israeli ministers will meet on Thursday to try to break up a regulatory logjam stalling the development of Israel’s biggest natural gas field. Disputes over ownership and pricing have held up the production of gas from the offshore Leviathan gas field, controlled primarily by Houston-based Noble Energy Inc. and Israel’s Delek Group Ltd. Ministers will be asked to declare gas resources a national security issue, overriding the country’s antitrust authority to push ahead a contested natural gas policy.