Gas Industry

Trump to Biden: ‘Is this any way to run a country?’

Trump slams Biden's plan to release 50 million barrels of oil from the Strategic Oil Reserves to combat historic highs in gas prices.

Lebanon: Israel must halt all offshore explorations

Lebanon's President demands that Israel halt all exploration in an offshore gas field on its southern border.

Lebanon signs offshore drilling deal in disputed area

Lebanon signs contract to drill for oil and gas off its coast, including in Block 9 which is disputed by Israel.

Four Gas Companies Fined for Failure to Report Leaks

Four major Israeli fuel companies have been heavily fined for failing to report fuel leaks at their facilities.

Jordan, Israel, Negotiate Over Natural Gas Deal

Jordan and Israel are negotiating a gas deal, according to officials from the Jordanian government sources.

Iran-Turkey Trade Rose 46% - Turkish Gold Buys Iranian Oil

Trade between Iran and Turkey has risen nearly 50 percent this year, according to the state-run Islamic Republic News Agency (IRNA).

Rights to Leviathan Gas Field May Be for Sale

Some rights to the mighty Leviathan natural gas field may be up for sale, according to one of the partners that discovered the field.

Israel Looks to Expand Navy to Protect Gas Interests

With new sea-borne gas finds under threat from Hizbullah, Iran, and Turkey the IDF is looking to expand its naval fleet.

How Much Oil and Gas in Israel's Economic Waters?

That's the question that awaits the winner of a bid to advise Israel on oil-rights regulation.

Consumers Brace for Rate Hikes as IEC Asks Gov't for Help

IEC officials have asked Israel's government for an immediate solution to the stoppage of gas from Egypt; a 20% rate hike to hit consumers.

Unrest in Egypt Might Mean Higher Gas Prices

Unrest in Egypt might result in another price hike at the gas pump, according to the Center for Strategic and International Studies (CSIS).

Cabinet Approves Hike in Energy Royalties from Energy Tycoons

The Cabinet withstood intense corporate lobbying and approved a sharp hike in energy royalties from newly-discovered gas and oil fields.

UN Will Help Set Israel-Lebanon Sea Borders

Five days after the UN refused to intervene between Israel and Lebanon on the issue of maritime borders and oil wells, the body reversed itself.

UN Nixes Lebanese Attempt to Stop Israeli Offshore Drilling

The United Nations has rejected a request by Lebanon to stop Israel from expanding offshore drilling in northern Mediterranean coastal waters.

Egypt Discovers New Deep-Water Gas Field

Egypt announced this week the discovery of a new gas field in the Deepwater West Nile Delta area.

Israel, Lebanon Battle Over Gas Field

A new battlefield is growing between Israel and Lebanon over a mammoth gas field discovered off the coast of Haifa.

New Survey Indicates Large Oil Field Buried Under Negev Sand

A new survey indicates $2 billion worth of oil may be sitting under Western Negev sand. Meanwhile, Mediterranean drilling launches a new era.

US Could Sue Israel over Hike in Oil Royalty Fees

As a huge oil rig approaches Israel for drilling, an Israeli judge says the US could sue Israel if it hikes royalty fees for oil and gas finds.

Israel Considers Underwater Gas Exports to Greece, EU

Israel is considering construction of an underwater pipeline to export natural gas to Europe and Greece. Turkey is not included in the project.

Natural Gas Bonanza for Israel, Possible Oil Field as Well

A survey of the Haifa coastline gas field shows the estimated size of the field has risen yet again. Oil may be present as well.