Israel Back On Track Offshore Gas Exploration

By Ron Bousso (Reuters) Israel has overcome delays to the exploration and development of its offshore oblatural gas fields and wants to establish at least two export routes to Western Europe, its energy minister told Reuters. Major gas discoveries over the past seven years brought Israel into the world of hydrocarbons, but political hurdles and red tape have … [Read more...]

Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

May 21 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed. “Negotiations between the parties failed to reach a commercially acceptable outcome,” the Perth-based company said today in a … [Read more...]

As Woodside Acquires Stake in Leviathan, Israel Takes Step Toward LNG Exports

LONDON, Feb 7 (Reuters) - Israel has taken a step closer to becoming a natural gas exporter after Australia's Woodside Petroleum Ltd signed a deal to take a 25 percent stake in the huge East Mediterranean Leviathan gas field. The Australian company, considered a leader in the booming liquefied natural gas (LNG) sector, signed a preliminary agreement on Thursday to buy a … [Read more...]

Israel’s Natural Gas Riddle Has Woodside and Gazprom Hanging

Dec. 30 (Bloomberg) -- Israel’s sputtering preparations for exporting offshore natural gas have postponed drilling and threaten a $2.3 billion investment from Australia’s Woodside Petroleum Ltd. Perth-based Woodside said it’s examining other options in case details of drilling at Israel’s Leviathan gas field aren’t settled in the first half of … [Read more...]

Woodside May Scrap $1 Billion Leviathan Gas Field Investment

July 30 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, may pull out of a deal to invest in Israel’s largest natural gas field, freeing up as much as $1 billion to return to investors, Deutsche Bank AG said. “Woodside must be considering its position,” John Hirjee, a Melbourne-based analyst at Deutsche Bank, … [Read more...]