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Gazprom Marketing and Trading Discusses Marketing of the LNG from Israel
Gazprom Marketing and Trading Ltd (GM&T), Noble Energy Mediterranean Ltd, Isramco Negev 2 Limited Partnership, Delek Drilling Limited Partnership, Avner Oil Exploration Limited Partnership, DorGas Exploration Limited Partnership, Daewoo Shipbuilding & Marine Engineering Co.Ltd. (DSME), D&H Solutions, Next Decade LLC and Levant LNG Marketing Corporation met to evaluate potential joint opportunities related to the marketing of liquefied natural gas produced from the Tamar and Dalit fields in Israel. Today’s meeting is a follow-up to the initial talks held recently in Israel by GM&T and all parties involved in this floating LNG project.

In recognition of progress made, a Letter of Intent was signed between Gazprom Marketing & Trading Switzerland (GM&T’s Swiss subsidiary) and Levant LNG Marketing Corporation, a company formed by DSME, D&H Solutions and Next Decade. Negotiations will continue with the objective to fast-track the project development.

date.png22 Mar 2012 12:25 | comments.png 0 Comments | tags.png delek gazprom israel lng m-east noble [ More ]

A-1 Well ("Aphrodite") in Block 12 in Cyprus – Announcement of Natural Gas Discovery and an Updated Post-Drill Resource Report A
Delek Group (TASE: DLEKG, OTCQX:DGRLY) (“the Company”) announced on March 06, 2012, according to the information provided to the subsidiaries Partnerships – Delek Drilling L.P. and Avner Oil & Gas Exploration L.P. (“the Partnerships”) by Noble Energy International Ltd. (“Noble” or the Operator”), the operator of the A-1 exploration well (“Aphrodite”) in Block 12 in Cyprus (the “Well” and “Block 12”, respectively) and according to the updated resource report as of March 5, 2012, prepared by Netherland Sewell and Associates, Inc. (“NSAI”), the Company respectfully notifies as follows:

date.png11 Mar 2012 19:07 | comments.png 0 Comments | tags.png cyprus delek europe upstream [ More ]

Tamar Signs Contract with Mashav for approximately $680million
On February 9, 2012, Take-or-Pay agreement for the supply of natural gas over 15 years was signed by the Tamar Partners with Mashav Initiation & Development Ltd. to supply up to a total approximate quantity of 0.2 BCM per year. The quantity supplied is subject to be reduced to approximately 40% in the situation that Mashav does not extend its power plant as is intended. In the agreement the gas price is calculated according to a formula based on electricity production rate as determined time to time by the Public Utility and Electricity Authority and includes a “floor rate”. The supply is expected to start in the second half of 2013. The agreement is subject to a number of closing conditions. For more information please see the immediate reports as published on TASE.

date.png14 Feb 2012 11:26 | comments.png 0 Comments | tags.png delek gas israel trade [ More ]

Noble Energy Announces Another Significant Discovery in the Levant Basin Offshore Israel
Noble Energy, Inc. (NYSE: NBL) announced today a natural gas discovery at the Tanin prospect offshore Israel. The discovery well was drilled to a depth of 18,212 feet and encountered approximately 130 feet of gross natural gas pay in high-quality lower Miocene sands. The Tanin well is located in the Alon A license, approximately 13 miles northwest of the Tamar field, and in 5,100 feet of water. Discovered gross resources are estimated to range(1) between 0.9 and 1.4 trillion cubic feet (Tcf) with a gross mean of 1.2 Tcf. This discovery de-risks other prospects located in the vicinity of Tanin.

date.png07 Feb 2012 13:39 | comments.png 0 Comments | tags.png delek israel noble upstream [ More ]

Delek Group Provides Update on Yam Tethys
Delek Group (TASE: DLEKG, OTCQX:DGRLY) ("the Company") announced that Delek Drilling - Limited Partnership and Avner Oil Explorations - Limited Partnership (together: "the Partnerships") each published the below Immediate Report, regarding the ability to supply natural gas from the Mary-B Yam Tethys Project;

date.png25 Jan 2012 13:23 | comments.png 0 Comments | tags.png delek israel upstream [ More ]

Agreement with Dalia Power Energies Ltd. for the Sale of Natural Gas
Delek Group (TASE: DLEKG, OTCQX: DGRLY) ("the Company") announced that the following report was published by its Delek Drilling - Limited Partnership and Avner Oil Exploration subsidiaries:

date.png09 Jan 2012 14:46 | comments.png 0 Comments | tags.png delek gas israel [ More ]

Cyprus authorities' approval with regards to Block 12 in Cyprus
Delek Group (TASE: DLEKG, OTCQX: DGRLY) (“the Company”) is pleased to announce its subsidiary, Delek Energy Systemts Ltd., has published an immediate report referring to Cypriot authorities approval with regards to “Block 12” in Cyprus and conversion rights of the limited partnerships Delek Drilling and Avner Oil and Exploration (collectively the "Partnerships"). Please find a copy of the Delek Drilling –Limited Partnership's report below;

date.png12 Dec 2011 14:04 | comments.png 0 Comments | tags.png cyprus delek upstream [ More ]
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