Tag Archive for Oil

| March 19, 2014
No comments

Abbas’ PA issues oil exploration tender for outside the West Bank city of Qalqilya

The project is expected to generate more than $1 billion in taxes, royalties & other bonuses for Abbas’ Palestinian Authority.

By Reuters

 

The Palestinian Authority on Tuesday issued a tender for oil exploration in the West Bank for a license it said could hold between 30 and 186 million barrels of oil.
An oil drilling platform, illustration.

An oil drilling platform, illustration.- Photo: Bloomberg

The project will be run as a joint venture, with the government-owned Palestine Investment Fund having at least a 25 percent stake, Deputy Prime Minister for Economic Affairs Mohammad Mustafa said in a statement.
The area of the license, outside the West Bank city of Qalqilya, is near a small field being developed by Israeli firm Givot Olam northeast of Tel Aviv.
Continue Reading »
Category: Mid-East News | Tags: ,
| January 9, 2014
No comments

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: , , ,
| January 7, 2014
No comments

Nuclear Bomb Necessary to ‘Wipe Israel Off the Map’

Iranian lawmaker & cleric reveals that Iran ‘needs’ a nuclear weapon to ‘wipe Israel off the map’.
They also reveals the U.S. ‘need’ for Iran deal.

By Tova Dvorin

 

 

Iranian lawmaker, cleric, and Majilis (council) member Mohammed Nabavian declared Monday that Iran does need a nuclear bomb – to destroy Israel.

Nuclear talks in Geneva – Reuters

Iran would be able to build a nuclear bomb in “two weeks” if it gets “access to 270 kilograms of 20 percent [enriched uranium], 10 tons of 5 percent, and 20 thousand centrifuges,” Nabavian stated, according to Iranian media reports. “We are not looking for a nuclear bomb, but having a nuclear bomb is necessary to put down Israel.” Continue Reading »

Category: Mid-East News | Tags: , , , ,
| November 10, 2013
No comments

Palestinian Authority Drilling for Oil in Judea and Samaria

The Palestinian Authority reported Saturday it will start drilling for oil in Judea & Samaria, and plans to sign contracts with British companies on coastal gas exploration.

By Dalit Halevi, Ari Yashar

 

The Palestinian Authority (PA) announced Saturday it will start searching for oil near Rantis, a town north west of Ramallah and just east of the 1949 Armistice line. The PA further claimed contracts will be signed with British companies in the coming weeks to produce natural gas from sea reserves off the Gaza coast.

On Saturday Palestinian Deputy Prime Minister for Economic Affairs, Mohammed Mustafa, said that the PA is in the final stages of preparation before advertising bids internationally to drill for oil in Judea and Samaria. Continue Reading »

Category: Israel News | Tags: , , ,
| February 24, 2013
No comments

Israel awards the 1st drilling license for oil in Golan Heights

A New Jersey-based company is the 1st to receive a license to drill for oil covering half the length of the Golan Heights.

By GLOBES & JPOST.COM STAFF

 

Israel awarded the first license to drill for oil on the Golan Heights, local media reported Thursday. A New Jersey-based company was awarded the license, covering half the area of the Golan from the latitude of Katzrin in the north to Tzemach in the south.
The Golan Heights

The Golan Heights – Photo: Seth J. Frantzman

Sources informed ”Globes” that, a few days ago, the Ministry of Energy and Water Resources’ Petroleum Council recommended awarding the license to Genie Energy Ltd.,

Continue Reading »
Category: Innovations & Discoveries | Tags: , ,
| July 4, 2012
2 comments

Israel’s Emergence As Energy Superpower Making Waves

Israeli Prime Minister Golda Meir famously lamented that Moses led the children of Israel for forty years of wandering in the desert until he found the only place in the Middle East where there wasn’t any oil.

By Walter Russell Mead

 

But could Moses have been smarter than believed? Apparently the Canadians and the Russians think so, as both countries are moving to step up energy relations with a tiny nation whose total energy reserves some experts now think could rival or even surpass the fabled oil wealth of Saudi Arabia.

Photo courtesy: Shutterstock.

Actual production is still miniscule, but evidence is accumulating that the Promised Land, from a natural resource point of view, could be an El Dorado: inch for inch the most valuable and energy rich country anywhere in the world. Continue Reading »

Category: Israel News | Tags: ,
| May 21, 2012
No comments

Israel Strikes Oil Off Tel Aviv Coast

Israel has struck oil again, this time off the Tel Aviv coast. Developers maintain the find includes 100 million barrels of oil, worth $10 billion.

Pictured left – Oil tankers in New Jersey — coming soon to Israel? (Reuters)

Pictured left – Oil tankers in New Jersey — coming soon to Israel? - Photo: Reuters

Modiin Energy and Adira Energy discovered an estimated 128 million barrels of oil and 1.8 trillion cubic feet of gas in their Gabriella and Yitzhak licenses, in shallow water less than 15 miles northwest of Tel Aviv.

Officials called the find “significant” and added, “Surveys conducted in recent months found oil in the target strata. The potential oil reservoir is 128 million barrels of oil, and the contingent reserves are an additional 120 million barrels.” Continue Reading »

Category: Israel News | Tags: ,
| April 12, 2012
No comments

Jordan Denies Iraqi Oil Reaching Israel

Jordan is fending off accusations that Iraqi oil is reaching Israel.

Jordanian Media and Communications Minister Rakan al-Majali denied at a news conference with Iraqi journalists Wednesday in Amman that the black gold is being smuggled to the Jewish State.

Oil Tanker in Suez Canal

Oil Tanker in Suez Canal Reuters

The official Jordan News Agency (Petra) quoted al-Majali as saying the claims were unfounded, and aimed at harming Jordan’s claims with Iraq.

He added that the accusations were ‘tantamount to a conspiracy aimed at intimidating’ the Hashemite Kingdom.

“How can oil be smuggled to Israel, while Jordan needs every drop,” he pointed out.

Iraqis have faced some difficulties entering the kingdom recently, both at airports and at the border crossings – a point raised by the media delegation as well. Continue Reading »

Category: Mid-East News | Tags: , ,
| March 13, 2012
One comment

Israel Strikes Oil Off Tel Aviv Coast

Israel has struck oil again, this time off the Tel Aviv coast. Owners say the find includes 100 million barrels of oil, worth $10 billion.

 

Israel has struck oil again, this time off the Tel Aviv coast. Developers maintain the find includes 100 million barrels  of oil, worth $10 billion.

Modiin Energy and Adira Energy discovered an estimated 128 million barrels of oil and 1.8 trillion cubic feet of gas in shallow water less than 15 miles northwest of Tel Aviv.

Oil tankers in New Jersey -- coming soon to Israel?

Oil tankers in New Jersey -- coming soon to Israel? Photo by: Reuters

Officials called the find “significant” and added, “Surveys conducted in recent months found oil in the target strata. Continue Reading »

Category: Innovations & Discoveries, Israel News | Tags: , ,
  Recent Entries »