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 →

The owners of the giant Tamar natural gas site have signed a 15-year supply contract with Israel’s Electric Company. Delek Drilling chairman Gideon Tadmor said, “This morning, we signed the largest agreement ever signed in Israel… severing of the electricity … Continue reading →

Delek Group announced the discovery of their largest deposit of natural gas, in the offshore Tanin 1 well, 120km northwest of Haifa. Drilling at Tanin-1 suggests it may become Israel’s third-largest natural gas field. http://www.globes.co.il/serveen/globes/docview.asp?did=1000721723&fid=1725 http://www.israelhayom.com/site/newsletter_article.php?id=2994