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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
Thursday, Nov 79:49 AMCyprus, Total to cooperate on LNG plant
Thursday, Nov 79:49 AM| Comment!
- Cyprus and France's Total (TOT -0.8%) sign a memorandum of understanding on the feasibility of participating in a liquefied natural gas project on the island.
- The bailed-out country hopes the terminal, which will cost ~$6B to build, will be used as a hub for exports from the region; officials estimate work could start in 2016 to facilitate exports by ~2020.
- Cyprus already has signed a similar deal with Noble Energy (NBL) and Israel’s Delek (DKDRF) and Avner (AVOGF) to develop a Cypriot gas field that’s estimated to contain 3.6T-6T cf of gas.
Tuesday, Sep 109:11 AMNoble to drill prospect at Israel's Tamar field
Tuesday, Sep 109:11 AM| Comment!
- The partners in Israel's Tamar natural gas field, led by Noble Energy (NBL), decide to move ahead with an exploration probe at a nearby reservoir believed to contain ~684B cf of gas.
- The drill, which will reach a depth of 5,300 meters below sea level, will cost $122M and last about four months, the companies say.
- Noble (NBL) owns 36% of Tamar while Delek Drilling (DKDRF.OB) and Avner Oil Exploration (AVOGF.PK) each 15.625%.
Monday, Aug 262:35 PMIsraeli gas partnerships reportedly in talks with Egyptian customers
Monday, Aug 262:35 PM| 1 Comment
- As energy firms rethink their commitment to Egypt, Israeli gas consortiums that own the Tamar and Leviathan gas fields are in talks to sell a portion of their gas to Egyptian customers, according to Globes.
- The report cites a notice to the Tel Aviv stock exchange by Delek Drilling (DKDRF.OB), a partner in the consortium; Noble Energy (NBL) owns a 36% stake in Tamar and a 39.6% stake in Leviathan.
- LNG plants at Damietta and Idku are operated by BG Group, and a joint venture of Italy's Eni (E) and Spain's Gas Natural SDG; exporting more gas would allow them to boost production after billions of dollars were invested in building the plants.
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 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.
Monday, Jul 292:07 PMNoble Energy falls as Woodside may back out of partnership
Monday, Jul 292:07 PM| 1 Comment
- Woodside Energy's (WOPEY.PK, WOPEF.PK) deal to take a 30% stake in Noble's (NBL -2.1%) Leviathan field off the Israeli coast is on the verge of collapse due to NBL's decision to build a pipeline to Turkey instead of developing an LNG plant, as well as the decreased amount of Leviathan gas that will be available for export, Globes reports.
- Shares also were downgraded to Neutral from Buy at BAML.
Tuesday, Jun 252:46 PMTotal (TOT) signs an outline deal to invest in a second liquefied natural gas train to export gas from Cyprus, Reuters reports. The estimated cost is $3B, in addition to the ~$6B cost of the first LNG train. Details likely will come out tomorrow when Cyprus is expected to sign a memorandum of understanding for development with Noble Energy (NBL), Delek Drilling (DKDRF.OB) and Avner Oil (AVOGF.PK). |Tuesday, Jun 252:46 PM| 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
Wednesday, Jun 58:33 AMThe U.S.-Israeli consortium developing Israel's Leviathan natural gas field reportedly estimates it will cost $4.5B to develop the offshore well, not including infrastructure for exports. Export options include building a liquefied natural gas terminal, a pipeline to a neighboring country, or bringing in a floating LNG vessel which alone could cost $3B-$4B to construct. |Wednesday, Jun 58:33 AM| Comment!
Thursday, May 1612:48 PMNoble Energy (NBL) and Israeli partner Delek Drilling (DKDRF.OB) find "significant signs" of gas at an exploratory well at the Karish field off the coastal port of Haifa. An earlier geological report estimated the prospect could contain up to 2T cubic feet, smaller than the massive Tamar and Leviathan fields recently discovered in Israeli waters but still a commercial quantity. |Thursday, May 1612:48 PM| Comment!
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
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!