Tag Archive for energy

| June 12, 2022
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EC President to arrive in Jerusalem to seal Israeli natural gas deal

European Commission President’s visit to Jerusalem on Monday is to advance an EC proposal to acquire Israeli natural-gas via Cairo, that would reduce European reliance on energy imports from Russia.

By LAHAV HARKOV

 

European Commission President Ursula von der Leyen is expected to arrive in Israel on Monday, as Jerusalem, Cairo and Brussels make strides toward a natural-gas export deal.

The European Union Embassy in Israel said von der Leyen was arriving “to advance relations between the EU and Israel, especially cooperation in the area of energy. The president will also discuss with Israeli government representatives the global reaction to the food crisis and the situation in the Middle East.” Continue Reading »

Category: Israel News | Tags: , , , , ,
| June 6, 2022
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Floating gas extraction rig begins service in Israeli waters

Just in time to supply the EU, the newfound energy production should also incentivize competition in Israel’s markets, reducing energy prices and ultimately, reducing prices to everything else.

By ROMAN MEITAV

 

Energean’s floating gas production rig, Energean Power, has arrived in Israel, mooring near the Shark gas reservoir, about 80 km off the coast of Haifa.

Energean, which holds the gas production licenses from the “Shark(Karish)” and “Crocodile(Tanin)” reservoirs, announced the arrival on Saturday.

Map of Israeli gas fields and disputed waters

Energean will immediately begin anchoring and connecting the rig to the gas wells and piping networks and begin the initial run of various system

The company estimates that commissioning operations will last about 3-4 months until the first gas flow is achieved, which is expected in the third quarter of 2022. Continue Reading »

Category: Israel News | Tags: , , ,
| October 27, 2016
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Zion Oil & Gas heads to Northern Israel to begin drilling

 

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 »

Category: Innovations & Discoveries, Israel News | Tags: ,
| June 19, 2016
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Israel constructs world’s highest solar tower in the Negev

 

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.

By AF

 

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 »
Category: Innovations & Discoveries, Israel News | Tags: , , ,
| May 1, 2016
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Confirmed: Israel Finds Oil Near Dead Sea

 

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 »

Category: Israel News | Tags: , , ,
| April 5, 2016
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U.S. Energy Secretary & Israel’s Energy Minister sign extensive energy agreement

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 »

Category: Israel News | Tags: , , , , , ,
| September 9, 2015
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“Black Gold” Found in Golan Heights, With Requests to Drill Additional Wells

 

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 »

Category: Innovations & Discoveries, Israel News | Tags: , ,
| July 28, 2015
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Israel and Cyprus Consider Linking Natural Gas & Electricity to European Markets

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.

By REUTERS

 

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.

Israel Cyprus

PM Netanyahu with Cypriot President Nikos Anastasiades – Photo: KOBI GIDEON/GPO

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.

Continue Reading »
Category: Israel News | Tags: , , , , ,
| January 8, 2015
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Israel’s new regulations on natural resources discourage potential investors

 

Foreign mining & exploration firms are holding back investment capitol following new rules set by Israeli authorities meant to increase competition, bringing prices down.

By Reuters & Israel Hayom Staff

 

New regulation of Israel’s natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors and putting billions of dollars at risk.

Tougher regulation may see foreign investors suspend deals [Illustrative] – Photo: Albatross

The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up of powerful conglomerates that dominate Israel’s economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 elections.

Continue Reading »
Category: Israel News | Tags: , ,
| December 31, 2014
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With High Court Approval, Preparations Underway at Golan Heights Oil Drilling Site

 

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 »

Category: Israel News | Tags: , , ,
| April 27, 2014
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Another gas & oil reserve field identified west of Tel Aviv

Situated 50 km off Israel’s coast, the Oz find could be a source of about 600 billion barrels of oil.

By SHARON UDASIN
 

 

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 »

Category: Israel News, The Diaspora | Tags: , ,
| April 14, 2014
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Israel’s natural gas finds expected to bring regional political benefits

 

Israel’s future natural gas deals could diminish regional tensions, but will unlikely provide Europe with a new, alternative supply for its Russian imports.

By Reuters

 

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.

Tamar

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 »

Category: Israel News | Tags: ,
| March 27, 2014
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Australia’s Woodside buys 25% of Israel’s largest gas well, the Leviathan

 

Australian energy firm to acquire 25% ownership of Israeli reservoir in $2.71 billion deal.

By SHARON UDASIN

 

 
Amid months of uncertainty and lack of transparency surrounding Leviathan gas reservoir arrangements, Australian hydrocarbon firm Woodside is expected to sign a $2.71 billion agreement to acquire a 25-percent share of the field on Thursday evening.
Leviathan gas field - Albatross - 09012012

Leviathan holds 453 billion cu.m. of gas [file] Photo: Courtesy of Albatross

The agreement will build upon a memorandum of understanding signed with the reservoir’s partners on February 7, which provided a framework for final negotiations, following months of uncertainty and anticipation surrounding the agreement. An original agreement in principle occurred among the parties in December 2012, which had called for Woodside to acquire a larger, 30% stake of the reservoir.

Continue Reading »
Category: Israel News | Tags: , , , , , , ,
| January 9, 2014
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Zion Oil & Gas Expands Its Drilling in Israel

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

By Ryan Jones

 

 

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.

Christian Oil Company Resumes Drilling 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.” Continue Reading »

Category: Israel News | Tags: , , ,
| December 20, 2013
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US Senate committee passes bipartisan US-Israel Energy Cooperation Enhancement Bill

 

The new Cooperation Enhancement Bill designed to foster partnership on developing natural gas, alternative fuels on academic, business & governmental levels.

Sen. Mary Landrieu, The US is “uniquely qualified to lead the effort to help Israel develop” its new-found hydrocarbon resources.

By SHARON UDASIN

 

 

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.

A natural gas rig west of Haifa, Israel. - Photo: Albatross Aerial Perspective/AP

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 »

Category: Israel News | Tags: , , ,
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