The Delek Group, that began in 1951 as the Delek, Israel Fuel Corporation, is listed on the Tel Aviv Stock Exchange and is controlled by internationally renowned businessman, Mr. Isaac Tshuva. The Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas... More
Wednesday, Dec 48:58 AMTamar partners sign $105M nat gas deal with Delek Israel
Wednesday, Dec 48:58 AM| Comment!
- The partners in Israel's Tamar natural gas field sign a seven-year deal to sell $105M worth of gas to Delek Israel, which owns and operates gasoline stations across the country and plans to start selling compressed natural gas at its stations in coming years.
- Tamar, which began production in March, is estimated to hold more than 280B cm of gas; Noble Energy (NBL) owns a 36% stake in the field, while Delek Group (DGRLY, DLKGF) holds a 31.25% stake through its units Avner Oil (AVOGF) and Delek Drilling (DKDRF).
Tuesday, Nov 267:34 AMMore gas found off Israel's coast
Tuesday, Nov 267:34 AM| Comment!
- Delek Drilling (DKDRF) has found significant signs of a new natural gas deposit at the Tamar Southwest field off Israel's Mediterranean coast.
- Earlier estimates have said that the reserve could hold 20B cubic meters of gas.
- Delek Drilling's partners in the project are Isramco Negev 2, Avner Oil Exploration (AVOGF) and Dor Gas Exploration. Delek Drilling and Avner are subsidiaries of Delek Group (DGRLY).
- The deposit is close to the Tamar field, which is estimated to hold 10T cubic feet of gas.
- ETFs: GAZ, UGAZ, BOIL, DGAZ, KOLD, NAGS, GASZ, DCNG
Monday, Nov 1810:38 AMReport: Leviathan drilling postponed indefinitely
Monday, Nov 1810:38 AM| 3 Comments
- Drilling at the Leviathan gas field offshore Israel, which was supposed to begin in December, has been postponed indefinitely, Globes reports.
- Sources at Leviathan's partners, including Noble Energy (NBL -1.8%) and Delek Group (DGRLY -2.6%) say no decision had been made to postpone drilling, but other sources reportedly say investment in developing Leviathan - such as the tender for choosing a FPSO ship - has ground nearly to a complete halt.
- Leviathan is estimated to contain ~19T cf of natural gas.
Wednesday, Aug 2110:19 AMPartners in Israel's Tamar field find more gas nearby
Wednesday, Aug 2110:19 AM| 1 Comment
- The Israeli partners in the Tamar offshore natural gas field say two nearby reservoirs contain ~0.7T cf of natural gas but have not yet made a decision on whether they will develop the reservoirs.
- Noble Energy (NBL) owns 36% of Tamar, while Delek Drilling (DKDRF.OB) and Avner Oil (AVOGF.PK), both subsidiaries of Delek Group (DGRLY.PK), hold 15.625% each; Isramco Negev holds 28.75%.
- Tamar holds an estimated 10T cf of gas.
Tuesday, Aug 2011:57 AMDelek Group climbs to record highs on unit share sale
Tuesday, Aug 2011:57 AM| Comment!
- Delek Group (DGRLY.PK +5%) shares rise to record highs after the Israeli energy company said the sale of shares in Delek US Holdings (DK +1.1%) would result in a profit and on bets an offer to buy the outstanding stock in another subsidiary will succeed.
- The sale of Delek US shares "is generating significant profit" in the company, an Israeli analyst says.
- Delek Group, whose interests include the offshore Leviathan and Tamar natural gas sites, closed at 1,112 shekels, the highest level since listing on the Tel Aviv exchange in 2000.
Tuesday, Aug 611:52 AMNoble-led group in talks on Israel pipeline to Middle East
Tuesday, Aug 611:52 AM| Comment!
- A Noble Energy (NBL -1.7%)-led group is in talks to export natural gas from discoveries off Israel to Europe via a pipeline to Turkey and other Middle East countries.
- NBL is looking to develop the 19T-cf Leviathan field in partnership with local players Delek Drilling, Avner and Ratio Oil, with first gas production expected in 2016.
- Deals could be signed soon depending on the outcome of a case before Israel's High Court over the amount of exports allowed, a Delek spokesman says.
Wednesday, Jun 193:59 PMCyprus' cabinet approves a preliminary deal with Noble Energy (NBL), Delek Drilling (DGRLY.PK, DK) and Avner Oil Exploration (AVOGF.PK) to develop a ~$10B liquefied natural gas terminal on the island, the government says without providing details. Cyprus aims to begin LNG exports in 2020 and to process not only its own gas but also supplies from Israel and possibly Lebanon. (earlier) |Wednesday, Jun 193:59 PM| 1 Comment
Wednesday, Jun 1911:56 AMCyprus and Israel's Delek Drilling (DK, DKDRF.OB) are in talks about developing a $10B liquefied natural gas terminal on the island to tap the east Mediterranean's vast gas discoveries and serve buyers in Europe and Asia. A delegation from Delek, which is developing Israel's giant Leviathan and Tamar gas fields with Noble Energy (NBL), recently visited Cyprus to discuss the project. |Wednesday, Jun 1911:56 AM| 2 Comments
Sunday, Mar 314:57 AMIsrael has started production of natural gas from its offshore Tamar field, taking the country further along the road towards energy independence. The news is also a boon to the companies who have been developing Tamar - which holds 10T cubic feet of gas - including Noble Energy (NBL) and Delek Group (DGRLY.PK). |Sunday, Mar 314:57 AM| 2 Comments
Tuesday, Mar 1212:18 PM
Monday, Dec 32012, 5:17 AMAustralia's Woodside Petroleum (WOPEF.PK) agrees to acquire a 30% stake in Israel's massive Leviathan offshore gas field from the operators of the reserve, which include Noble Energy (NBL) and Delek Drilling (DKDRF.OB). Woodside will pay an initial $696M and as much as $550M once certain conditions are met, as well as revenue-sharing money of up to $1B a year. Noble's stake will fall to 30% from 39.66%. (PR) |Monday, Dec 32012, 5:17 AM| Comment!
Monday, Oct 222012, 5:15 AMAustralia's Woodside Petroleum bids for a stake in the massive Leviathan natural gas field off the coast of Israel in which up to 30% of the rights are being sold. The Globes newspaper reports that Woodside's offer values Leviathan at $7.5B, 50% greater than analyst estimates. Other leading bidders include Gazprom and Korea Gas, although Noble Energy (NBL), which owns 40% in Leviathan, prefers a Western Partner. |Monday, Oct 222012, 5:15 AM| Comment!