Christian Zionist oil company announces its plans to begin drilling new exploratory well in Israel’s Lower Galilee.
By Israel Today Staff
Zion Oil & Gas, Inc. (NASDAQ GM: ZN) announced today that it has met and complied with two key conditions set by Israel’s Petroleum Commissioner, enabling it to move toward drilling its next deep oil well, about 40 kilometers (~25 miles) south of the Sea of Galilee, where the Jordan and Jezreel Valleys meet.
The State of Israel produces only a few thousand barrels of oil a day, which means it relies on the global market for more than 99 percent of its consumption. Continue Reading »
Israel seeks to reclaim its place in clean renewable energy after having been a pioneer of solar energy in the 1950, by leading the world in the use of solar water heating systems, but neglecting the path when natural gas was discovered a decade ago. This project should provide 2% of Israel’s electricity needs, enough for a city of 110,000 households.
In the middle of southern Israel’s desert, engineers are hard at work building the world’s tallest solar tower, reflecting the country’s high hopes for renewable energy.
A worker walks past the solar receiver at the construction site of the Ashalim solar tower near the southern Israeli kibbutz of Ashalim in the Negev desert on May 26, 2016. Continue Reading »
After a 20 year hiatus, a second geological survey confirms presence of oil with estimated value between 1.2-1.8 billion shekels, on the Israeli side of the Dead Sea.
By Arutz Sheva Staff
Surveyors struck oil in Israel, with an oil deposit discovered near the Dead Sea.
Dead Sea – Photo: Kobi Finkler
On Sunday the Hatrurim consortium, named for the Hatrurim formation in the Dead Sea area, announced that a report from the Dunmore Consulting company had confirmed the presence of an oil reservoir in an area under license by Hatrurim.
A geological survey conducted at the Halamish drilling site, located within Hatrurim’s 94 square kilometer (36 square miles) license, estimated that there was between 7 and 11 million barrels of oil in the deposit, worth some 1.2 to 1.8 billion shekels ($316 – 474 million). Continue Reading »
New joint energy agreement will deepen & strengthen cooperation between the US & Israel in areas of natural gas, fuels & fuel alternatives, smart grid technologies, desalination & water treatment, and the security & cyber-defense of energy and water installations.
By Shlomo Cesana
U.S. Energy Secretary Ernest Moniz and his Israeli counterpart, Energy Minister Yuval Steinitz, signed a new joint energy deal in Jerusalem on Monday, intended to tighten cooperation between the countries.
U.S. Secretary of Energy Ernest Moniz and Energy Minister Yuval Steinitz at Masada on Monday
The agreement expands areas of cooperation to include fuels and fuel alternatives, natural gas, smart grid technologies, desalination and water treatment, and the physical and cyber-defense of energy and water installations. Continue Reading »
After finding evidence of large crude oil reservoir in Israel’s Golan Heights, Afek Oil & Gas requested an extension of its exploration license to add additional wells in the area.
By Amir Ben-David
An oil reservoir has been discovered in the Golan Heights, Israeli energy company Afek officially revealed on Monday.
The company, which previously only hunted at the discovery, on Monday requested permission to drill additional wells in the area.
Afek oil well in the Golan Heights – Photo: Picasa
“Initial findings from the drilling confirm the discovery of an oil reservoir in the Golan and further justifies continuing the exploration program,” said the request. Continue Reading »
Cyprus to expand cooperation in energy issues and security with Jerusalem after uncovering covert Iranian terror plot across Europe from arrested Hezbollah agent in Larnaca.
NICOSIA – Israel and Cyprus agreed on Tuesday to expand their cooperation on energy issues, including the use of pipelines and electricity grids to link to European markets, as both countries develop natural gas fields off their coasts.
PM Netanyahu with Cypriot President Nikos Anastasiades – Photo: KOBI GIDEON/GPO
Continue Reading »
Israeli Prime Minister Benjamin Netanyahu and Cypriot President Nicos Anastasiades said they would seek to tap the potential of natural gas in the sea bed beneath both countries.
The Afek Oil and Gas project in the Golan Heights, involves 3 years of exploration for conventional oil using up to 10 wells.
By SHARON UDASIN
Preparatory work began at a Golan Heights exploratory oil drilling site on Tuesday morning – advancing a project that was temporarily delayed by environmental opposition.
Oil drilling site on the Golan Heights. – Photo: AFEK OIL AND GAS
The project, which is being conducted by Afek Oil and Gas, involves three years of exploration for conventional oil using up to 10 wells. While the company has held a license for the project for the past 20 months, petitions against the activities put the plans on hold since September. Continue Reading »
Situated 50 km off Israel’s coast, the Oz find could be a source of about 600 billion barrels of oil.
A potential new source of hydrocarbons may be sitting just 50 kilometers off the coast of Tel Aviv – with about 2.5 trillion cubic feet (TCF) of natural gas (71 billion cubic meters [BCM]) and 255 million barrels of oil, a new report reveals.
Tel Aviv – Photo: REUTERS/NIR ELIAS
Conducted by international oil and gas consulting firm Netherland, Sewell & Associates, Inc. (NSAI), the report explores the likelihood of finding gas and oils in the 400-square kilometer Oz license. Continue Reading »
Israel’s future natural gas deals could diminish regional tensions, but will unlikely provide Europe with a new, alternative supply for its Russian imports.
Israel’s drive to export its new-found natural gas could help to rebuild strained ties with old regional allies Egypt and Turkey, but could deprive Europe of a precious alternative to Russian gas.
The platform at the Tamar offshore gas field. – Photo: Albatross
Israel has in recent months already signed energy deals with Jordan and the Palestinian Authority, though relations with the Palestinians are at a low ebb, and now needs to expand its export horizons to cash in on its huge energy discoveries. Continue Reading »
Zion Oil & Gas moves to next phase of its ongoing efforts by expanding to find oil experts increasingly are convinced lies under the Megiddo-Jezreel Valley
Zion Oil & Gas Inc. announced on Wednesday that it had, after several years of preparation, entered the next stage of its exploratory activity in Israel.
Exploratory drilling rig – Photo source: Israel Today
On Sunday, the company began performing a perforation and stimulation operation at its Elijah #3 well in Israel’s northern coastal region, just south of Haifa.
Zion Oil & Gas explained the operation, which it is obligated to perform under its license agreement with Israel’s Petroleum Commissioner, as “a key method of obtaining information on the formation fluid and establishing whether a well has found a commercial hydrocarbon reservoir.”
If the test is positive, the company will meet with the Petroleum Commissioner to discuss development plans. Continue Reading »
The United States Senate Energy and Natural Resources Committee on Thursday passed a bipartisan bill that aims to bolster collaborations between Israel and the US on energy issues.
The Tamar gas rig off the coast of Israel – Photo: Albatross Aerial Perspective/AP
Led by Sen. Mary Landrieu (D-Louisiana), alongside Sens. Ron Wyden (D-Oregon) and Lisa Murkowski (R-Alaska), the United States-Israel Energy Cooperation Enhancement Bill hopes to foster partnerships on developing resources such as natural gas and alternative fuels, on academic, business and governmental levels. Continue Reading »
The conference discussed security threats to energy supply on a national & int’l level – including nuclear issues – and also how to make Israel’s recent “energy bonanza” more available to consumers.
By Yoni Kempinski & Tova Dvorin
Israel held its first joint conference between the Defense and Energy industries in Herziliya Thursday. Arutz Sheva had the opportunity to speak to Dr. Gal Luft, Conference Head of Steering Committee and Co-Director of Institute for Analysis of Global Security.
“This is the first time in Israel that we are trying to create a meeting of the minds between the Energy Industry and the Defense Industry,” Luft stated. Continue Reading »
A research team at Israel’s Ben Gurion University in the Negev, have come up with an alternative fuel, made from water & carbon dioxide.
With oil supplies around the world fast depleting, researchers around the world have been trying to find an alternative that could sustain the energy needs of mankind. A team at Israel’s Ben Gurion University may have come up with an alternative fuel, made from water and carbon dioxide.
Zalman Aranne Central Library, Ben Gurion University – Photo courtesy: Wikimedia Commons
Unlike other fuel alternatives available today, the “green feed” created at BGU has a significant advantage: it can be turned into fuel using existing oil refining methods and delivered to gas stations using existing infrastructure. Continue Reading »