Delek Drilling
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Delek Drilling
Delek Drilling LP () is an Israeli energy Oil & Gas partnership in the exploration, development, and production of Natural Gas and Oil. Delek group owned by Yitzhak Tshuva, is the controlling shareholder of the partnership. The partnership is traded on the Tel Aviv Stock Exchange and is part of the TA 35 Index. History Delek Drilling was founded by Avinoam Finkelman and served as the search department of the Delek group, then controlled by the IDB group. The partnership was founded with an agreement signed on July 1, 1993 between Delek Drilling Management (1993) Ltd as a general partner and Delek Drilling Trusts Ltd as a limited partner. The Partnerships holdings include Yam Tethys Ltd, Delek Drilling (Leviathan Finance) Ltd, Delek Drilling (Yam Tethys Finance) Ltd, Delek and Avner Yam Tethys Ltd and Delek Drilling (Tamar Finance) Ltd. In 1998, Yitzhak Tshuva, a self-made multi-billionaire, purchased control of Delek group, from the Recanati family. In December 2016 the gene ...
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Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ...
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Tanin Gas Field
The Tanin gas field ( he, מאגר תנין, "Crocodile reservoir" or “ Taninn reservoir”) is a natural gas reservoir located 120 km off the coast of Israel. It is the country's seventh natural gas discovery, located nearby the much larger Leviathan gas field. On 5 February 2012 Noble Energy reported that the ''Ensco 5006'' drilling rig (formerly the ''Pride North America'') had struck gas at a depth of 5,500 m. Preliminary estimates put the potential for natural gas at Tanin at 1.2-1.3 trillion cubic feet. A subsequent report evaluated the field as containing 1.1 trillion cubic feet of natural gas: 0.6 TCF proven (contingent) reserves and 0.5 TCF prospective. Tanin is located within the Alon A license, in which three companies are partners: Noble Energy (47%), Delek Drilling (26.5%), and Avner Oil Exploration (26.5%). It is Israel's third-largest natural gas reservoir. Due to Noble Energy and Delek (and its subsidiary Avner’s) monopolistic position in the domestic natu ...
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Jordan
Jordan ( ar, الأردن; tr. ' ), officially the Hashemite Kingdom of Jordan,; tr. ' is a country in Western Asia. It is situated at the crossroads of Asia, Africa, and Europe, within the Levant region, on the East Bank of the Jordan River. Jordan is bordered by Saudi Arabia to the south and east, Iraq to the northeast, Syria to the north, and the Palestinian West Bank, Israel, and the Dead Sea to the west. It has a coastline in its southwest on the Gulf of Aqaba's Red Sea, which separates Jordan from Egypt. Amman is Jordan's capital and largest city, as well as its economic, political, and cultural centre. Modern-day Jordan has been inhabited by humans since the Paleolithic period. Three stable kingdoms emerged there at the end of the Bronze Age: Ammon, Moab and Edom. In the third century BC, the Arab Nabataeans established their Kingdom with Petra as the capital. Later rulers of the Transjordan region include the Assyrian, Babylonian, Roman, Byzantine, Rashidun ...
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Arab Potash
The Arab Potash Company (APC) is a company that is primarily involved in harvesting minerals from the Dead Sea. It is the eighth largest potash producer worldwide by volume of production and the sole Arab producer of potash. The company was formed in 1956 in the Hashemite Kingdom of Jordan as a pan-Arab business venture and it has a 100-year concession (1958-2058) from the government of Jordan that grants it exclusive rights to extract, manufacture and market minerals from the Dead Sea. It is headquartered in Amman and has its main plants at Ghor Al Safi. The company's stock is listed on the Amman Stock Exchange's ASE Weighted Index. History Although the Dead Sea had long been known to have large amounts of mineral deposits – including potash, the earliest efforts to produce potash dates back only to the 1920s, when Moshe Novomeysky built a potash and bromine production site in Kalil. By the end of the 1930s, his company added another facility. However, the Kalil facility was ...
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Haifa
Haifa ( he, חֵיפָה ' ; ar, حَيْفَا ') is the third-largest city in Israel—after Jerusalem and Tel Aviv—with a population of in . The city of Haifa forms part of the Haifa metropolitan area, the third-most populous metropolitan area in Israel. It is home to the Baháʼí Faith's Baháʼí World Centre, and is a UNESCO World Heritage Site and a destination for Baháʼí pilgrimage. Built on the slopes of Mount Carmel, the settlement has a history spanning more than 3,000 years. The earliest known settlement in the vicinity was Tell Abu Hawam, a small port city established in the Late Bronze Age (14th century BCE). Encyclopedia Judaica, ''Haifa'', Keter Publishing, Jerusalem, 1972, vol. 7, pp. 1134–1139 In the 3rd century CE, Haifa was known as a dye-making center. Over the millennia, the Haifa area has changed hands: being conquered and ruled by the Canaanites, Israelites, Phoenicians, Assyrians, Babylonians, Persians, Hasmoneans, Romans, Byzantines, ...
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Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geographically in Western Asia, its cultural ties and geopolitics are overwhelmingly Southern European. Cyprus is the third-largest and third-most populous island in the Mediterranean. It is located north of Egypt, east of Greece, south of Turkey, and west of Lebanon and Syria. Its capital and largest city is Nicosia. The northeast portion of the island is ''de facto'' governed by the self-declared Turkish Republic of Northern Cyprus, which was established after the 1974 invasion and which is recognised as a country only by Turkey. The earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains include the well-preserved ruins from the Hellenistic period such as Salamis and Kourion, and Cypr ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Isramco
Isramco Negev 2 LP () is an American Israeli Limited Partnership that holds interests in oil and gas properties in Israel. The partnership shares are traded on the Tel Aviv Stock Exchange and have been a constituent of the TA-25 Index since January 2010. The partnership was founded by Isramco Inc. () and other parties in 1989. History Early years In 1982, Jerusalem-born businessman Joseph Elmaleh founded Jerusalem Oil Exploration, Ltd. (J.O.E.L.), a company engaged in exploration of oil and gas in Israel. The same year, Elmaleh formed a joint venture company with veteran oil tycoon Armand Hammer, named Isramco Inc., in which J.O.E.L. held 35%. From 1982 to 1985, Isramco Inc. drilled four wells onshore in Israel, but only approximately 9,000 Barrels were produced in total and none of the wells sustained commercial production. In 1985 Isramco and other parties formed the Negev 1 Limited Partnership to continue oil and gas exploration activities in Israel. These parties included ...
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Ashkelon
Ashkelon or Ashqelon (; Hebrew: , , ; Philistine: ), also known as Ascalon (; Ancient Greek: , ; Arabic: , ), is a coastal city in the Southern District of Israel on the Mediterranean coast, south of Tel Aviv, and north of the border with the Gaza Strip. The ancient seaport of Ashkelon dates back to the Neolithic Age. In the course of its history, it has been ruled by the Ancient Egyptians, the Canaanites, the Philistines, the Assyrians, the Babylonians, the Greeks, the Phoenicians, the Hasmoneans, the Romans, the Persians, the Arabs and the Crusaders, until it was destroyed by the Mamluks in 1270. The modern city was originally located approximately 4 km inland from the ancient site, and was known as al-Majdal or al-Majdal Asqalan (Arabic: ''al-Mijdal''; Hebrew: ''ʾĒl-Mīǧdal''). In 1918, it became part of the British Occupied Enemy Territory Administration and in 1920 became part of Mandatory Palestine. Al-Majdal on the eve of the 1948 Arab–Israeli War had 10 ...
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Energean Oil & Gas
Energean plc is an international hydrocarbon exploration and production company, with a focus on natural gas. It is listed on the London Stock Exchange as well as the Tel Aviv Stock Exchange and is a constituent of the FTSE 250 Index. History The company was established as Aegean Energy SA, a Greek-owned business, in 2007. It started operations when it acquired Eurotech Services SA from Regal Petroleum in December 2007. It changed its name to Energean Oil & Gas in 2010 after it started developing sites in the north Aegean Sea. It was then the subject of an initial public offering in March 2018 on the London Stock Exchange. The company listed on the Tel Aviv Stock Exchange in October 2018. In June 2019, it was reported to be in talks with financial entities to raise up to $1.5 billion. In July 2019, Energean made a deal to buy Italy's Edison oil and gas business for $750 million, which would be funded via a $265 million equity placing and a $600 million loan followed by a further ...
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