• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 19 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 2 days Bad news for e-cars keeps coming
  • 4 days China deletes leaked stats showing plunging birth rate for 2023
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Editorial Dept

Editorial Dept

More Info

Global Energy Advisory – 20th February 2015

International Oil & Gas Spotlight

• After making massive finds offshore Israel, in the Levant Basin, Texas-based Noble Energy and its Israeli partner, Delek Group, are facing regulatory challenges as Israeli officials says the two likely will have to sell off some acreage to break up what is being perceived as a monopoly. First, the Antitrust Authority echoed these sentiments, and this week, Israeli Energy Minister Silvan Shalom chimed in with the same conclusion. Israelis are concerned that due to the potential monopoly situation, electricity prices could increase, along with the cost of living. In March 2014, the Antitrust Authority took a decision to allow Noble and Delek to retain the giant Leviathan gas field (22 trillion cubic feet) and the smaller Tamar gas field (10 tcf, already producing). That decision has now been reversed. The fields were discovered in 2009 and 2010 and will turn Israel into a significant energy exporter. The question now is how the government will ensure the development of the two fields, while at the same time removing the monopoly.

• JKX Oil & Gas is seeking $180 million in compensation from Ukraine, claiming the country has violated international treaties. JKX is currently in talks over a possible buyout. The company has launched arbitration proceedings against Ukraine under the Energy Charter Treaty between the UK and Ukraine and a parallel treaty between Ukraine and the Netherlands. The explorer is seeking compensation…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News