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Tag: Noble Energy
EMG

Noble, Delek, EMG strike $518 million gas pipeline deal

Posted: September 29, 2018 at 12:17 pm   /   Oil & Gas

Noble Energy said it has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. J. Keith Elliott, Noble Energy’s senior vice president, Offshore, stated: “Today’s announcements mark significant steps forward in supplying natural gas from the world-class Tamar and Leviathan fields to regional customers through […]

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EMG

Bloomberg: Delek, Noble said to put final touches on EMG gas deal

Posted: August 11, 2018 at 8:46 pm   /   Oil & Gas

Preliminary deal expected to be signed in no more than a month. Agreement would pave the way to implement $15 billion contract. The companies developing Israel’s largest natural gas fields and their Egyptian partner have finalized details of a deal that would give them control over a pipeline to Egypt, according to people familiar with […]

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Noble, Delek seek to buy rights for EMG gas pipeline for Egypt supply

Posted: March 11, 2018 at 8:21 pm   /   Oil & Gas

The partners in the Tamar and Leviathan natural gas site off Israel’s coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt. The partners, Texas-based Noble Energy and Israel’s Delek Drilling, did not provide details. Delek said there was no certainty a […]

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Bloomberg: Egypt's potential gas surplus could feed global LNG glut

Posted: February 24, 2018 at 3:58 pm   /   Oil & Gas

Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal, raising the prospect that the Arab nation may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG. Egypt was already expecting to become self-sufficient in natural gas by the […]

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Dolphinus Holding to buy Tamar, Leviathan gas in $15 billion deal

Posted: February 20, 2018 at 12:30 pm   /   Oil & Gas

Private Egyptian firm Dolphinus Holding will buy 64 billion cubic meters (BCM) of natural gas from the Tamar and Leviathan gas fields over 10 years. The deal is worth an estimated $15 billion. The partners in Israel’s Tamar and Leviathan offshore gas fields said they would supply the Egyptian company with around 64 billion cubic […]

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Noble Energy considers participation in pipeline linking Cyprus gas to Egypt

Posted: December 10, 2017 at 7:10 pm   /   Oil & Gas

Noble Energy is trying to make a play for the potential gas pipeline linking Cyprus’ offshore gas fields to Egypt’s processing facilities, Al Masry Al Youm reports. The group’s senior Vice President of the Eastern Mediterranean area Keith Elliott met with Oil Minister Tarek El Molla to discuss this and other potential energy projects on […]

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Israeli gas producers eye Egypt after natural gas act, could route gas through Jordan to sidestep Israel Electric dispute

Posted: August 10, 2017 at 12:03 pm   /   Oil & Gas

Israeli firms developing the Leviathan gas field are trying to find a way around the financial disputes blocking their export agreement with Egypt, according to Bloomberg. The developers are reportedly discussing ways to reroute the gas through a pipeline in neighboring Jordan, operated by Jordanian Egyptian Fajr for Natural Gas Transmission & Supply. While the […]

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Bloomberg

Bloomberg: Leviathan Partners in talks to pipe Israeli gas to Egypt via Jordan

Posted: August 10, 2017 at 11:54 am   /   Oil & Gas

• Jordanian route would be more costly than going through Sinai. • Alternative path could circumvent Israel-Egypt dispute on fine. Companies developing Israel’s largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes that have held up an export deal, according to people in Egypt and […]

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EGAS

Bloomberg: Swiss Court Fines Egypt $2 Billion

Posted: April 29, 2017 at 11:06 pm   /   Oil & Gas

• Court says Egypt breached contract to supply gas to Israel. • Israel now hoping to export natural gas to southern neighbor. A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the two nations […]

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nat gas

Egypt: The Eastern Mediterranean's Next Natural Gas Hub?

Posted: September 7, 2016 at 12:11 pm   /   Oil & Gas

On Aug. 31, Egypt and Cyprus signed a preliminary deal for an underwater pipeline. For Egypt, the deal is part of a broader strategy to position itself as a hub of energy development and consumption. • The eastern Mediterranean will attract great interest from international oil and natural gas companies over the next decade. • […]

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