WTI Crude •2 days	35.49	+1.78	+5.28%
Brent Crude •2 days	37.84	+1.81	+5.02%
Natural Gas •2 days	1.849	+0.022	+1.20%
Mars US •2 days	36.49	+1.43	+4.08%
Opec Basket •4 days	29.03	+0.58	+2.04%
Urals •3 days	34.65	+0.75	+2.21%
Louisiana Light •4 days	34.60	-0.82	-2.32%

	Louisiana Light • 4 days	34.60	-0.82	-2.32%
	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Mexican Basket • 4 days	27.37	-0.55	-1.97%
	Natural Gas • 2 days	1.849	+0.022	+1.20%
Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices Link

Marine •3 days	35.23	+1.71	+5.10%
Murban •3 days	35.21	+1.99	+5.99%
Iran Heavy •3 days	31.78	+0.98	+3.18%
Basra Light •3 days	40.13	+1.71	+4.45%
Saharan Blend •3 days	35.49	+1.15	+3.35%
Bonny Light •3 days	34.61	+0.74	+2.18%

	Bonny Light • 3 days	34.61	+0.74	+2.18%
	Girassol • 3 days	35.23	+0.78	+2.26%
	Opec Basket • 4 days	29.03	+0.58	+2.04%
OPEC Members Monthly
Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices Link

Canadian Crude Index •2 days	27.03	+1.89	+7.52%
Western Canadian Select •2 days	30.21	+0.90	+3.07%
Canadian Condensate •2 days	32.71	+0.90	+2.83%
Premium Synthetic •2 days	34.11	+0.90	+2.71%
Sweet Crude •2 days	33.71	+0.90	+2.74%
Peace Sour •2 days	28.71	+0.90	+3.24%

	Peace Sour • 2 days	28.71	+0.90	+3.24%
	Light Sour Blend • 2 days	29.21	+0.90	+3.18%
	Syncrude Sweet Premium • 2 days	33.71	+0.90	+2.74%
	Central Alberta • 2 days	28.71	+0.90	+3.24%
Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices Link

Louisiana Light •4 days	34.60	-0.82	-2.32%
Domestic Swt. @ Cushing •3 days	32.00	+1.75	+5.79%
Giddings •3 days	25.75	+1.75	+7.29%
ANS West Coast •5 days	35.46	-1.61	-4.34%
West Texas Sour •3 days	29.44	+1.78	+6.44%
Eagle Ford •3 days	33.39	+1.78	+5.63%

	Eagle Ford • 3 days	33.39	+1.78	+5.63%
	Oklahoma Sweet • 3 days	32.00	+1.75	+5.79%
	Kansas Common • 4 days	23.00	-1.00	-4.17%
	Buena Vista • 4 days	36.39	-0.90	-2.41%
Click Here for 150+ Global Oil Prices

Click Here for 150+ Global Oil Prices Link

All Charts

2 days OPEC Compliance With Output Cuts Was Only 74% In May
2 days U.S. Regulators Probe Investor Risk Disclosure Of World’s Top Oil ETF
2 days This Huge Natural Gas Company Looks To Power Operations With Solar Energy
2 days Shareholders Vote Down Climate Resolution At French Oil Major Total
2 days Musk Eyes $775 Million Payday After Hitting Valuation Milestone
3 days America's Oil & Gas Capital Is Turning To Renewables
3 days Gulf Keystone Petroleum Gave Away Crude Oil For Free In April
3 days Russia’s Top Oil Producer Is Struggling With Output Cuts
3 days French Navy Stops Tanker From Loading Oil In Libya
3 days Developing The Low-Carbon Trade Route Of The Future
3 days SUV Sales Exceed 40% Of Global Car Sales For The First Time
3 days U.S. Renewable Energy Consumption Beats Coal For First Time In 130 Years
3 days Alberta Cuts 1 Million Bpd In Oil Production
3 days Libya's Oil Blockade Has Cost The Country Over $5 Billion
3 days Russia Ready To Boost Production As Soon As OPEC+ Deal Ends
4 days Energy Executives See Big Payday Despite Oil Crash
4 days Oil Plunges After API Reports Large Unexpected Crude Inventory Build
4 days Chevron Plans Massive Workforce Reduction
4 days Ukrainian Government Greenlights U.S. LNG Imports
4 days US Considers New Sanctions On Russia-Led Nord Stream 2 Pipeline
4 days Brazil’s Oil Major Petrobras To Tap Global Bond Market
4 days Tesla Slashes Prices In North America To Stimulate Sales
4 days Pandemic Triggers Record $400 Billion Drop In Energy Investment
4 days Big Oil Loses Legal Climate Fight In California
5 days COVID-19 Spreads To Brazil’s Offshore Oilfields
5 days Texas Economy Could Lose $24B If Oil Prices Stay In The $30s
5 days Tacking The U.S. Infrastructure Crisis Could Save The Economy
5 days Russian Gas Flow To Europe Drops As Poland Transit Deal Expires
5 days Alberta Energy Minister: Now Is The Perfect Time To Build A Pipeline
5 days Australia Embarks On A Mammoth Renewable Energy Exporting Project
5 days South Korea Embarks On An Ambitious Renewable Energy Plan
6 days Why Bitcoin Miners Should Head To Oil Country
6 days Russia’s Energy Minister Sees Oil Market Rebalancing By July
6 days India Sees Fuel Demand Reaching Pre-Virus Levels In June
6 days Oil Firms Among Worst Hit As Wave Of Bankruptcies Hits Texas
6 days Iranian Fuel Tankers Reach Venezuela Despite U.S. Resistance
6 days Russia Bans All Oil Product Imports To Protect Its Refining Industry
6 days Tesla Looks To Produce Cars In China With New Type Of Battery
9 days Memorial Day Gasoline Prices Near 20-Year Low
9 days Top 12 Listed Oil Giants Book Huge $20.6 Billion Loss In First Quarter

4 minutes Ten Years of Plunging Solar Prices
7 minutes Hydrogen Capable Natural Gas Turbines
10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
13 minutes Large gas belt discovered in China
1 hour Would bashing China solve all the problems of the United States
36 mins Model 3 cheaper to buy than BMW 3 series.
2 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
45 mins Pompeo's Hong Kong
11 hours COVID 19 May Be Less Deadly Than Flu Study Finds
1 day China to Impose Dictatorship on Hong Kong
1 hour Thugs in Trumpistan
6 hours China’s Oil Thirst Draws an Armada of Tankers
36 mins Income report showing potential future spending and economic growth
7 hours China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
2 days Iran's first oil tanker has arrived near Venezuela
1 hour US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
2 days Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
2 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
1 day 60 mph electric mopeds

Breaking News:

OPEC Compliance With Output Cuts Was Only 74% In May

Find us on:

Putin To Bail Out Russian Oil Industry

Russia’s President Vladimir Putin has…

Turkey’s Dangerous Energy Play Is Putting The Entire Region At Risk

Turkey has continued exploration activities…

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Hopes are High as Drilling Set to Begin in Israel's Pelagic Natural Gas Fields

By Joao Peixe - Oct 18, 2012, 5:26 PM CDT

In recent times exploration companies have found large reserves of natural gas in the Eastern Mediterranean leading to many oil and gas companies racing to buy up offshore licenses in the area, especially around Israel and Cyprus; all hoping to make the next big find.

The Tamar and Leviathan fields, both off the coast of Israel, are two of the largest offshore discoveries in several decades. The Pelagic fields are situated near to the two monsters, and hopes are high that similar deposits may be found there.

The Ishai field is the first of five licenses that have been granted in the Pelagic region, about 160 kilometres off the coast of Israel, and initial estimates give it a capacity of 3.7 trillion cubic feet of gas.

Exploration drilling is set to begin in November, and last about three months.

The well will be operated by Norway’s AGR, who have a 5% stake. Israel opportunity has a 10% stake, and the Israeli billionaires Benny Steinmetz and Teddy Sagi each control 42.5% a piece.

By. Joao Peixe of Oilprice.com

Join the discussion | Back to homepage