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Search resuls for: "Israel's Energy Ministry"


6 mentions found


☆ Israel awards gas exploration licences to ENI, BP and four others
  + stars: | 2023-10-29 | by ( ) www.reuters.com   time to read: +1 min
JERUSALEM, Oct 29 (Reuters) - Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers. It said that one group that includes ENI (ENI.MI), Dana Petroleum and Ratio Energies (RATIp.TA) will explore in an area west of the massive Leviathan field, which supplies Israel with gas and is also used for export. Another group comprised of BP (BP.L) Socar (403550.KS) and NewMed (NWMDp.TA) will explore north of the Leviathan, the ministry said. "The winning companies have committed to unprecedented investment in natural gas exploration over the next three years, which would hopefully result in the discovery of new natural gas reservoirs," said Energy Minister Israel Katz. Reporting by Ari Rabinovitch and Steven Scheer; Editing by Susan Fenton and Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons: Israel Katz, Ari Rabinovitch, Steven Scheer, Susan Fenton, Giles Elgood Organizations: Israel's Energy Ministry, ENI, Dana Petroleum, BP, Energy, Thomson Locations: Israel, Europe
☆ Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter
  + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Israel told Chevron to shut down a major natural gas field, and it's threatening to further spike prices of the fuel. The world's natural gas market has already been rocked by the war in Ukraine and threats of a strike in Australia. Some Israeli gas from Tamar is exported to Egypt, which processes the fuel into LNG that's exported to the EU. AdvertisementAdvertisementBrace for bad news ahead of winter: Natural gas prices could spike as energy giant Chevron halted operations at a major Israeli gas field following orders from authorities. Dutch TTF natural gas futures closed 12.5% higher at 49.455 a megawatt-hour on Tuesday.
Persons: Israel, —, Tamar, Israel isn't, Chevron, It's, Gergely Molnar Organizations: Chevron, EU, Service, Energy, Bloomberg, International Energy Agency, P Global Locations: Ukraine, Australia, Tamar, Egypt, Israel, Houston, Europe
☆ Chevron halts gas exports via EMG pipeline from Israel to Egypt
  + stars: | 2023-10-10 | by ( Ari Rabinovitch Ron Bousso | Ari Rabinovitch | Ron Bousso | ) www.reuters.com   time to read: +2 min
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsJERUSALEM, Oct 10 (Reuters) - Chevron (CVX.N) has halted natural gas exports through a major subsea pipeline between Israel and Egypt and is supplying gas via an alternative pipeline through Jordan, the company said on Tuesday. The decision to halt exports via the East Mediterranean Gas (EMG) pipeline came as fighting has intensified between Israel and militants in the Gaza Strip. The 90-kilometer pipeline is the main link between the Chevron-operated Leviathan offshore gas field and Egypt. Israel's energy ministry confirmed in a statement to Reuters that Chevron had requested to export gas through an alternative pipeline that links Leviathan to Jordan as well as Egypt, known as the Arab Gas Pipeline.
Persons: Dado Ruvic, Jordan, Ron Bousso, Ari Rabinovitch, Jan Harvey, David Gregorio Our Organizations: Chevron, REUTERS, Rights, Mediterranean Gas, Ministry of Energy, Tamar, FAJR, Israel's, Energy, Arab Gas Pipeline, Reuters, Thomson Locations: Israel, Egypt, Jordan, Gaza, Ashkelon, El, Arish
☆ What are global firms with presence in Israel doing after Hamas attack
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +4 min
Following are the steps taken by the companies ranging from airlines to banks:TRAVELSeveral Asian, European and U.S. airlines have suspended direct flights to Tel Aviv. Delta Air Lines (DAL.N):The airline said it continues to monitor events in the region and has made the decision to cancel Delta-operated Tel Aviv flights through Oct. 31. Goldman Sachs (GS.N):The bank's employees at its office in Tel Aviv have been asked to work from home, a spokesperson said. TECHNvidia (NVDA.O):The world's largest maker of chips used for artificial intelligence and computer graphics said it had canceled an AI summit scheduled for Tel Aviv next week. CONSUMER AND RETAILH&M (HMb.ST):The clothing company said its local franchise partner has temporarily closed all stores in Israel.
Persons: Amir Cohen, El, Goldman Sachs, Morgan Stanley, Gautam Adani's, Jensen Huang, PHARMA Eli Lilly, Lilly, Priyamvada C, Mehr Bedi, Ananya Mariam Rajesh, Khushi, Jaiveer Singh, Samrhitha, Helen Reid, Sriraj Kalluvila, Shounak Dasgupta, Shinjini Organizations: Gaza, REUTERS, Palestinian, Hamas, Tel Aviv . Delta Air Lines, Royal, Chevron, JPMorgan Chase, Reuters, Bank of America, Bloomberg News, FedEx, TECH Nvidia, Tel, Inditex SA, PHARMA, Thomson Locations: Sderot, Israel, U.S, Tel Aviv, Royal Caribbean, Haifa Port, Zara, Bengaluru, London
☆ What are global firms with presence in Israel doing after Hamas attacks
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +2 min
A rocket launched from the Gaza Strip strikes an area near Sderot, southern Israel October 9, 2023. REUTERS/Amir Cohen Acquire Licensing RightsOct 9 (Reuters) - Global companies with a presence in Israel have temporarily shut some operations and asked employees to work from home following attacks by the Palestinian Islamist group Hamas over the weekend. BANKSJPMorgan Chase (JPM.N):The Wall Street bank has asked more than 200 employees in Israel to work from home, a source familiar with the matter told Reuters. Goldman Sachs (GS.N):The bank's employees at its office in Tel Aviv have been asked to work from home, a spokesperson said. CONSUMER AND RETAILH&M:The clothing company said its local franchise partner has temporarily closed all stores in Israel.
Persons: Amir Cohen, El, Goldman Sachs, Morgan Stanley, Gautam Adani's, Jensen Huang, Priyamvada C, Mehr Bedi, Ananya Mariam Rajesh, Helen Reid, Sriraj Kalluvila, Shounak Organizations: Gaza, REUTERS, Hamas, Royal, Chevron, JPMorgan Chase, Reuters, Bloomberg News, TECH Nvidia, Tel, Thomson Locations: Sderot, Israel, Palestinian, Tel Aviv, Royal Caribbean, U.S, Haifa Port, Bengaluru, London
☆ Israel to boost energy storage with eye on facilitating Sabbath supplies
  + stars: | 2023-05-07 | by ( ) www.reuters.com   time to read: +2 min
JERUSALEM, May 7 (Reuters) - Israel approved on Sunday a plan to create an energy storage network in cities to produce off-peak electricity, which will also supply "kosher" electricity for ultra-Orthodox Jews observing the Sabbath. In some neighbourhoods generators are activated ahead of time and provide electricity for the day, which is expensive, polluting and can be dangerous, Israel's energy ministry says. "Storing electrical energy will be one way to allow the expansion of electricity production from renewable energies," said the ministry. "At the same time, in Israel there are populations interested in consuming 'kosher electricity' that was not generated on Sabbath." If successful, hundreds of megawatts in storage facilities will be built nationwide, the ministry said, without giving a timeframe.
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