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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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Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the economic and technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occupations outside Africa and was among the earliest known sites of agriculture. It was inhabited by the Canaanites ...
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Floating Production Storage And Offloading
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline. FPSOs are preferred in frontier offshore regions as they are easy to install, and do not require a local pipeline infrastructure to export oil. FPSOs can be a conversion of an oil tanker (like the '' Seawise Giant'') or can be a vessel built specially for the application. A vessel used only to store oil (without processing it) is referred to as a floating storage and offloading (FSO) vessel. The first of a related type, floating liquefied natural gas vessels, went into service in 2016. Types FPSOs are classified into the following types. * ...
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TheMarker
''TheMarker'' ( he, דה-מרקר) is a Hebrew-language daily business newspaper published by the Haaretz group in Israel. ''TheMarker'' was founded in 1999 by journalist and entrepreneur Guy Rolnik along with Haaretz group and U.S.-based investors. Five years after ''TheMarker'' launched, Haaretz newspaper group decided to terminate its long-standing business section and relaunch it as a daily print newspapers called “''TheMarker''”, the brand that was created online. The chief editor of ''TheMarker'' is Sami Peretz. The editor of the monthly magazine is Eytan Avriel. ''TheMarker'' alone has about 250 employees. It operates from ''Haaretz'' newspaper building in Tel Aviv. In 2006 and 2007 ''TheMarker'' and Rolnik won the 2 most important awards in marketing and business strategy for creating ''TheMarker'', turning it into the leading brand in financial media and using an internet brand to launch a print newspaper (see “Awards”). Currently ''TheMarker'' produces a websi ...
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Globes (newspaper)
''Globes'' ( he, גלובס) is a Hebrew-language daily evening financial newspaper in Israel. Globes was founded in the early 1980s and published in Tel Aviv, Israel. It deals with economic issues and news from the Israeli and international business worlds. The paper is printed on salmon-colored paper, inspired by the British ''Financial Times''. ''Globes'' was one of the first Israeli dailies to publish its contents on the World Wide Web, dating back to April 1995. Its web version publishes in Hebrew and English. According to TGI 2022 media survey, ''Globes'' market share is 4.1% among Israeli financial newspapers. Its main competitors as Israeli financial newspapers in printed media are ''TheMarker'', of the ''Haaretz'' group, and ''Calcalist'', published by the ''Yedioth Ahronoth'' Group. History The daily paper founded by Haim Bar-On, the publisher of the newspaper, on the basis of a small, Haifa-based financial newspaper, in partnership with businessman Eliezer Fishman. F ...
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Calcalist
''Calcalist'' ( he, כלכליסט, a Hebrew wordplay on ''The Economist'', from כלכלה) is an Israeli daily business newspaper and website. History and profile ''Calcalist'' was first published on 18 February 2008, and currently runs five days a week, with a weekend supplement included on Thursdays. The paper is published in Israel by the Yedioth Ahronoth Group. The group also publishes ''Yedioth Ahronoth'', the country's most widely circulated newspaper. The founder and publisher is Yoel Esteron, formerly the managing editor for ''Yedioth Ahronoth'', and its editor is Galit Hemi. It is circulated nationwide and its articles feature regularly in the biggest Israeli news website 'Ynet' as well as in the printed edition of Yedioth Ahronoth. The newspaper is divided into four sections: news, daily columns – some regular and some rotating (the rotating columns are marketing, legal, real estate, technology, career, personal finance, automotive and sports), the market – a sepa ...
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Economy Of Israel
The economy of Israel is a developed free-market economy. The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability, modern infrastructure rivaling many Western countries, and a high-technology sector competitively on par with Silicon Valley. Israel ranks 35th on the World Bank's ease of doing business index. It has the second-largest number of startup companies in the world after the United States, and the third-largest number of NASDAQ-listed companies after the U.S. and China. American companies such as Intel, Microsoft, and Apple built their first overseas research and development facilities in Israel. Other high-tech multi-national corporations, such as IBM, Google, Hewlett-Packard, Cisco Systems, Facebook and Motorola have opened R&D centers in the country. The country's major economic sectors are high-technology and industrial manufacturing. The Israeli ...
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Offshore Drilling
Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the term is used to describe drilling activities on the continental shelf, though the term can also be applied to drilling in lakes, inshore waters and inland seas. Offshore drilling presents environmental challenges, both offshore and onshore from the produced hydrocarbons and the materials used during the drilling operation. Controversies include the ongoing US offshore drilling debate. There are many different types of facilities from which offshore drilling operations take place. These include bottom founded drilling rigs ( jackup barges and swamp barges), combined drilling and production facilities either bottom founded or floating platforms, and deepwater mobile offshore drilling units (MODU) including semi-submersibles or drillships. The ...
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Natural Gas In Israel
Natural gas in Israel is a primary energy source in Israel, mainly utilized for electricity production and to lesser degree in industry. Israel began producing natural gas from its own offshore gas fields in 2004. Between 2005 and 2012, Israel had imported gas from Egypt via the al-Arish-Ashkelon pipeline, which was terminated due to Egyptian Crisis of 2011-14. As of 2017, Israel produced over 9 billion cubic meters (bcm) of natural gas a year. Israel had 199 billion cubic meters (cu m) of proven reserves of natural gas as of the start of 2016. In early 2017, Israel began exporting natural gas to the Kingdom of Jordan. History Historically, Israel relied on external imports for meeting most of its energy needs, spending an amount equivalent to over 5% of its GDP per year in 2009 on imports of energy products. The transportation sector relies mainly on gasoline and diesel fuel, while the majority of electricity production is generated using imported coal. As of 2013, Israel was ...
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Hydrocarbon Exploration
Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for deposits of hydrocarbons, particularly petroleum and natural gas, in the Earth using petroleum geology. Exploration methods Visible surface features such as oil seeps, natural gas seeps, pockmarks (underwater craters caused by escaping gas) provide basic evidence of hydrocarbon generation (be it shallow or deep in the Earth). However, most exploration depends on highly sophisticated technology to detect and determine the extent of these deposits using exploration geophysics. Areas thought to contain hydrocarbons are initially subjected to a gravity survey, magnetic survey, passive seismic or regional seismic reflection surveys to detect large-scale features of the sub-surface geology. Features of interest (known as ''leads'') are subjected to more detailed seismic surveys which work on the principle of the time it takes for reflected sound waves to travel throu ...
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Karish Gas Field
The Karish gas field (Hebrew: מאגר כריש or "Shark reservoir") is an Israeli natural gas reservoir located in the Eastern Mediterranean. It is located near the much larger Leviathan and Tamar gas fields. The field had initially been allocated to a consortium of companies including Noble Energy (now Chevron) and Delek, but due to their monopolistic position in the Israeli market (as owners of the Tamar and Leviathan fields), Delek and Noble were forced by regulators to sell their rights in the field. As a result, the two companies sold Karish and the adjacent Tanin gas field to the Greek oil company Energean in 2016 for $150 million. The Karish and Tanin gas fields together are estimated to hold 2–3 trillion cubic feet of gas. The field came online in the third quarter of 2022. As a deal was struck ending the Israeli–Lebanese maritime border dispute, Israel maintained control of Karish, and gas began flowing from the field on October 26, 2022. In the aftermath of ...
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Eastern Mediterranean
Eastern Mediterranean is a loose definition of the eastern approximate half, or third, of the Mediterranean Sea, often defined as the countries around the Levantine Sea. It typically embraces all of that sea's coastal zones, referring to communities connected with the sea and land greatly climatically influenced. It includes the southern half of Turkey's main region Anatolia, its smaller Hatay Province, the island of Cyprus, the Greek Dodecanese islands, and the countries of Egypt, Israel, Jordan, Palestine, Syria and Lebanon. Its broadest uses can embrace the Libyan Sea thus Libya; the Aegean Sea thus European Turkey (East Thrace), the mainland and islands of Greece; and a central part of the Mediterranean, the Ionian Sea, thus southern Albania in Southeast Europe reaching, west, to Italy's farthest south-eastern coasts. Jordan is climatically, and economically part of the region. Regions The eastern Mediterranean region is commonly interpreted in two ways: *The Levant, inc ...
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Delek
Delek Group is an Israeli conglomerate and one of Israel's largest companies, Delek Group is involved in the energy and infrastructure, with investments in upstream and downstream energy, water desalination and power plants. Delek Group' subsidiaries are also involved in insurance and financial services. Delek Group is listed on the Tel Aviv stock exchange under the ticker symbol, DLEKG, and is a member of the TA-35 Index of leading Israeli companies, as of July 2012 two of the group's subsidiaries are also listed on the TA-35 Index, Avner Oil Exploration LP and Delek Drilling LP. The Delek Group agreed to sell a 52% controlling stake of Phoenix Holding company (insurance and financial undertaking) to the Chinese civilian-run conglomerate Fosun International. History Delek, The Israel Fuel Corporation Ltd, was founded in 1951 In August 2007, Delek Benelux took over marketing activities for Chevron Global Energy Inc. in Benelux, including 869 fueling stations, mostly under the T ...
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