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For Israel energy explorers, bad news may be good news

The latest bout of bad news for Israel’s natural gas extraction plans may turn out to be a boon for energy explorers.

Leviathan gas partners say High Court ruling won't derail plans

Partners in Israel’s largest offshore gas field say a court ruling that blocked the government’s proposal to regulate the natural gas industry won’t derail their development plans. The nation’s oil and gas stock index sank.

Israel's High Court strikes down government natural gas plan

Israel’s High Court struck down the government’s controversial proposal to regulate the natural gas industry, in a dramatic ruling that blocked plans to develop the country’s largest field and conclude export deals.

Regional Report: Eastern Mediterranean

Pramod Kulkarni, World Oil

Eni’s discovery of supergiant Zohr field has changed the energy landscape of the region, prodding stagnant E&P developments in Israel, Cyprus and Greece.

Israel paves way for Noble to develop Leviathan, expand Tamar

Noble Energy was notified Thursday that the government of Israel acted to implement the Natural Gas Framework through execution of Section 52 of the Restrictive Trade Practices Act. Execution of Section 52 resolves and provides exemption from claims of the Anti-trust Authority with respect to the Leviathan joint venture partners' acquisition of petroleum rights in the underlying permits.

Egypt to freeze Israeli gas import talks after $1.7 billion arbitration court fine

The Egyptian Government ordered its oil and gas arms to freeze talks on importing Israeli natural gas after an international arbitration court ordered the Arab world’s most populous nation to pay a fine of almost $1.73 B to Israel.

Delek Group unit buys Ithaca stake to expand global activity

Delek Group Ltd., a partner in Israel’s two largest offshore natural gas fields, said a unit has acquired 20% of Canada’s Ithaca Energy Inc. for about $66 million as part of its strategy to transform itself into a global energy company.

Genie Energy confirms significant find in Golan Heights

Genie Energy says preliminary evidence from the exploratory wells drilled by its Afek subsidiary in Northern Israel confirms the existence of significant quantities of oil and gas within its exploratory license area.

Israeli company reports major oil find in Golan Heights

TEL AVIV -- An Israeli energy company has reported a major oil discovery in the Golan Heights.

What investors need to know about Israel's natural gas market

Israel’s parliament on Monday approved a framework to regulate its natural gas industry, eight days after the discovery of a field in Egyptian waters damped expectations for regional exports.

Israel gas explorer shares sink as Eni’s Egypt find dims outlook

Shares of the natural-gas exploring units of Delek Group Ltd. plunged the most in 14 years in high volume on concern the discovery of the Mediterranean’s largest field off the coast of Egypt will curtail their exports.

Israeli cabinet approves blueprint for natural gas development

The Israeli cabinet approved a regulatory blueprint for developing the country’s natural gas fields, backed by Prime Minister Benjamin Netanyahu and opposed by detractors who call it overly generous to energy companies.

Israel reaches deal with gas companies, paving way to new output

Israel and the developers of the country’s natural gas fields reached an agreement on a regulatory framework, coming one step closer to resolving a dispute that’s held up production.

Israel gas plan makes the best of limitations, official says

Israel’s proposed guidelines for regulating its natural gas reserves are the best it can hope for because the local industry can’t support competition, a senior government official said.

Israel gas policy heads for approval as production stalls

A forum of top Israeli ministers will meet on Thursday to try to break up a regulatory logjam stalling the development of Israel’s biggest natural gas field.

Bets Israel gas dispute may end send Delek Group to 6-month high

Delek Group Ltd. rose to the highest since December as investors discerned an end to months of regulatory uncertainty that halted development of Israel’s offshore natural gas fields.

EMGC 2015: Gas leaders examine roles of Egypt, Cyprus in future trade

Gulf Publishing Company opened its third annual Eastern Mediterranean Gas Conference (EMGC) with a welcome from John Royall, President of Gulf Publishing Company.

Leviathan partners says Palestine Power may cancel gas deal

TEL AVIV -- Palestine Power Generation Co. may cancel a deal to buy gas from Israel’s largest offshore field due to regulatory and development delays, the partners in the Leviathan field said in a filing on Wednesday.

Israel gas stocks slump as regulator reviews Leviathan, Tamar holdings

JERUSALEM (Bloomberg) -- Israel’s gas stocks plunged after the antitrust commissioner signaled he may take action that would hurt companies developing the country’s two largest natural gas fields. Antitrust chief David Gilo said he was reconsidering his March 2014 agreement to let a partnership led by U.S.-based Noble Energy and Israel’s Delek Group retain its stakes in the Leviathan and Tamar reserves if they would sell smaller fields. He said the arrangement may crimp competition and that he was considering declaring the partnership a monopoly, a move that might require it to sell holdings in one of the two big fields.

Israel’s Leviathan partners tumble as regulator revisits deal