• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 7 hours EU has already lost the Trump vs. EU Trade War
  • 1 day Science: Only correct if it fits the popular narrative
  • 19 hours Crazy Stories From Round The World
  • 1 day Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 20 hours Everything You Need To Know About Trump
  • 8 hours IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 15 mins Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 1 day Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 2 hours Water, Trump, and Israel’s National Security
  • 18 hours Impeachment Nonsense
  • 10 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 2 days What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 2 days Who writes this stuff? "Crude Prices Swing Between Gains, Losses"

Inside Intelligence: Peace Through Energy & Iranian Negotiations

Security Risk Rankings

This week we are introducing our new security risk ranking system designed to provide investors and potential investors with a continual look at the changing security dynamics around the world. Each week we will focus on a different region, with comparative risk rankings based on various dynamics, including threats to personnel and operations, militant activity, kidnappings, border security and political stability.
 

The PA and Israel: Forging Peace Through Energy?

Bottom Line: A long-running plan to develop discoveries made off the Gaza Strip by UK-based BG Group appear to be languishing in a sea of false hope.

Analysis: In 1999, the Palestinian Authority (PA) awarded BG Group a 25-year exploration license for the entire offshore sector of Gaza Strip. Only a year later, BG discovered two fields here—Marine 1 and 2—with an estimated 1.4 trillion cubic feet of gas in place. This estimate could actually turn out to be a bit shy of the much more promising potential unveiled by major Israeli discoveries in the Levant Basin, with the offshore Leviathan and Tamar gas fields. BG holds a 60% stake in the field, with partner Consolidated Contractors International Co. of Greece holding 30% and the PA holding 10%. So far, so good—but holding up development here is the tricky necessity of obtaining a permit from the Israelis. For now, the $1 billion project is dead in the water while everyone—including…




Oilprice - The No. 1 Source for Oil & Energy News