Search Results for: Delek

Delek strikes oil deal

I reported previously (Oct 2015) that Israeli oil company Delek had taken a 19.7% stake in Canadian-UK oil exploration company Ithaca which is active in the UK’s North Sea waters.  Delek has now taken-over control of Ithaca for around 470 … Continue reading

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Developing UK oil & gas field

The UK has given Israel’s Ithaca Energy (part of Delek) and its Norwegian partner Equinor, regulatory approval to develop Rosebank – estimated to be the largest untapped oil and gas field on the British continental shelf. https://www.timesofisrael.com/tshuvas-delek-unit-gets-uk-nod-for-development-of-controversial-north-sea-oilfield/

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Exits, takeovers & mergers to 20/8/23

General Motors has acquired Israel’s ORGOLiON (now renamed AIONZ). Israeli energy conglomerate Delek Group is buying control of Israeli citrus fruit supplier and real estate investor Mehadrin Ltd. in a deal worth NIS 249 million. Israel’s ReWalk bought US-based AlterG … Continue reading

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Israeli company part-owns US oilfield

Israeli energy company Delek Group has signed an agreement to acquire 22.45% interest in the Caesar Tonga oil field, one of the ten largest deep-water resources in the Gulf of Mexico. It gives Delek exploration, development, and production rights for … Continue reading

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Jordan buys more Israeli gas

Tamar Petroleum (owned by Israel’s Delek and US’s Nobel Energy) is to supply up to 1 BCM more Israeli gas worth $200 million to the Jordan Bromine Company and Arab Potash Company. Jordan began receiving Israeli gas in 2017 (see … Continue reading

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Egypt buys $15 billion worth of Israeli gas

I reported previously (several times) on the desire by Egypt to buy natural gas from Israel. Now finally, Egypt’s Dolphinus Holdings has signed agreements to purchase 64 billion cubic meters of gas from Israel’s Tamar and Leviathan fields. The 10-year … Continue reading

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Hospitals to convert to natural gas

Eleven Israeli general hospitals and two psychiatric hospitals are to convert to natural gas for kitchens, sanitation, and heating.  The hospitals spend NIS 150-200 million a year on energy, and the transition to natural gas is expected to save them … Continue reading

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Israelis to drill for North Sea oil

Israel’s Delek Group is to become the biggest shareholder in UK North Sea oil and gas firm Ithaca Energy following a £43million investment. Ithaca is currently focused on the construction of a new production hub in the Greater Stella area … Continue reading

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Matchmakers bring Dutch and Israelis together

“Matchmaking @ Netherlands-Israel Cooperation Forum 2013” was attended by Israel’s leading water, agriculture and oil & gas companies, including Delek, Nobel Energy, Amiad and Netafim. The Dutch included Wageningen University, and several Dutch water authorities. http://israelnewtech.com/2013/12/dutch-israeli-economic-activity-deepens-new-cooperation-forum/

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Israel-Cyprus Sign Gas and Oil Explorations Deal

Israeli firms Delek and Anver signed an agreement to acquire a 30 percent stake in exploration rights for gas and oil off Cyprus’s southern shore. Commerce Minister Neoclis Sylikiotis told reporters that the signing provided a “new era of Cyprus-Israeli … Continue reading

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