• Wednesday, 23 February 2022

    FAB could sell payments business, Delek rebrands

    Brookfield eyes FAB’s payment business: Canadian asset management giant Brookfield is reportedly in talks to acquire Magnati, First Abu Dhabi Bank’s (FAB) payment arm, in a transaction that could value it at more than USD 1 bn, Bloomberg reported yesterday,...
  • Sunday, 5 September 2021

    The UAE + Israel just inked their biggest commercial agreement since normalizing relations

    UAE sovereign fund Mubadala has bought a 22% stake in Israeli natural gas field Tamar for USD 1 bn in what Bloomberg says is the biggest commercial agreement yet since the two countries normalized diplomatic relations last year.US stocks are...
  • Monday, 26 April 2021

    Israel’s Delek moves to sell stake in Tamar to UAE’s Mubadala

    One of the Israeli natgas fields Egypt imports from could be getting a new shareholder: Israel’s Tamar offshore field, which supplies Egypt with natural gas under a 2018 agreement, could be getting a new shareholder after Delek Drilling, one of...
  • Thursday, 11 March 2021

    More natgas imports from Israel?

    More signs we could see a bump in natgas imports from Israel: Egypt’s rising imports of natural gas from Israel’s Leviathan could help bump up the offshore field’s production and sales this year, CEO of Delek Drilling — a main...
  • Wednesday, 20 January 2021

    Paving the way for the gas hub

    We’re on track to receive 7 bcm of natural gas from Israel through new and improved pipelines in the EastMed: Chevron, Delek Drilling and Israel Natural Gas Lines (INGL) will spend USD 235 mn to lay a new subsea pipeline...
  • Monday, 30 November 2020

    Israel-Egypt gas pipeline faces ownership change as Delek Drilling plans LSE spin-off

    Israeli gas company to transfer ownership in Egypt pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets...
  • Monday, 1 June 2020

    Israel’s Leviathan gas field back online after temporary closure last week

    Israel’s Leviathan gas field back online after temporary closure last week: Israel’s offshore Leviathan natural gas field which supplies Egypt has resumed production after an emergency shutdown, its Texas-based operator Noble Energy said last Saturday, Reuters reports. Israel’s Energy Ministry...
  • Tuesday, 4 February 2020

    Israel mulls bumping up LNG exports from Egypt

    Israel mulls bumping up LNG exports from Egypt. Israel’s Delek Drilling will decide this year whether to expand its natural gas exports via Egypt’s LNG terminal or through a floating terminal, CEO Yossi Abu said, according to Reuters. Delek’s options...
  • Sunday, 29 December 2019

    Israel’s Leviathan gas field said to begin production on Tuesday

    The on-again-off-again Leviathan gas field should begin production on Tuesday: Israel’s Leviathan natural gas field should begin production on Tuesday after obtaining approval from the Israeli Environmental Protection Ministry, Reuters reports. Production of gas had been delayed from the field...

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