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Delek News

Leviathan Gas Output Cut Due to 'Malfunction'

Feb 14, 2020

Israel's Energy Ministry said on Thursday it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project's subsea pipeline.The Leviathan partners said in a statement there was no malfunction鈥

Leviathan Group Seeking FLNG Partner

Feb 12, 2020

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-deepwater, a CEO from the group said. Leviathan, one鈥

Delek Completes Chevron North Sea Acquisition

Nov 10, 2019

Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion.Delek said the deal, backdated to Jan. 1鈥

Leviathan Delivers First Gas

Dec 31, 2019

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.Natural gas began flowing from Israel's largest field despite regulatory鈥

Court Order Threatens Leviathan Output

Dec 18, 2019

Companies developing the huge natural gas field Leviathan will try to convince an Israeli court on Wednesday to remove an injunction that threatens to delay production due to environmental concerns.On Tuesday, the Jerusalem District Court, in a surprise decision鈥

Delek Group Names New CEO

Nov 28, 2019

Israeli independent Delek Group announced Idan Wallace, currently deputy CEO, has been appointed as the new Chief Executive Officer, effective January 1, 2020.Wallace takes over from Asaf Bartfeld, who is retiring at the end of 2019 after serving鈥

Leviathan Startup Awaits Government Approval

Dec 27, 2019

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.Leviathan was supposed to begin operations on December 24鈥

Court Lifts Injunction Against Leviathan Operations

Dec 19, 2019

An Israeli court lifted on Thursday a temporary injunction that had threatened to delay production at the Leviathan gas field due to environmental concerns.Rescinding Tuesday's injunction, the Jerusalem District Court said appellants had not provided sufficient evidence that Leviathan's emissions鈥

Comment: In Romania, the Sun Also Rises

Dec 09, 2019

Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it鈥檚 the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle鈥

Spirit Energy Up for Sale

Nov 11, 2019

Energy group Centrica and Stadtwerke Muenchen (SWM) Group have launched the sale of Spirit Energy, one of the North Sea's biggest oil and gas producers, according to a document sent to prospective buyers seen by Reuters.Spirit Energy currently produces around 130鈥

Cyprus Inks Deal for 云顶赌场老虎机 Gas Concession

Nov 07, 2019

Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011.The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island鈥

Delek Offered Funds to Invest in Ithaca

Sep 24, 2019

Israeli oil and gas company Delek has received an offer from an unnamed investor for a potential investment of up to $250 million into its North Sea focused subsidiary Ithaca Energy.'Delek Group, received a signed offer from an international鈥

Shell Reaches FID for Pierce Upgrade

Oct 03, 2019

Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production鈥

BOEM Okays Shell's Caesar Tonga Sale to Equinor

Aug 19, 2019

The U.S. Bureau of Ocean Energy Management (BOEM) as approved Equinor and Shell鈥檚 transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell 云顶赌场老虎机 Inc for a total consideration of $965 million in cash鈥

Delek to Start Exporting Gas to Egypt Soon

Jun 03, 2019

Israel's Delek Drilling hopes to begin commercial sales of natural gas to Egypt by the end of the month, a senior company executive said on Sunday.Delek Drilling and its partner Noble Energy signed a landmark deal early last year to export $15鈥

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