• 5 minutes China Faces Economic Collapse
  • 8 minutes ZeroHedge: Oil And Gas Bankruptcies To Accelerate As $137 Billion Debt Matures Over Next Two Years
  • 11 minutes Trump Will Win In 2020
  • 14 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 6 hours The Belt & Road Initiative: A Wolf in Sheep's Clothing?
  • 5 hours Democrats and Gun Views
  • 6 hours How OPEC and OECD play their role in setting oil price in light of Iranian oil sanction ?? Does the world agree with Iran's oil sanctions ???
  • 8 mins Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 hours Buy Oil Monday?
  • 2 hours Swedish Behavioral Scientist Suggests Eating Humans to ‘Save the Planet’ from Climate Change. What could possibly go wrong?
  • 22 mins Cost of oil
  • 4 hours “Who’s going to bail out the Central Banks?”
  • 3 hours Trump Orders Biofuel Boost
  • 12 hours It's the demand, Stupid
  • 9 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 6 hours Green New Deal Preview in Texas Town
  • 6 hours Used Thin Film Solar Panels at 15 Cents per Watt
Weakening Shale Productivity “VERY Bullish” For Oil Prices

Weakening Shale Productivity “VERY Bullish” For Oil Prices

After years of increasing productivity…

The Challengers To China’s Rare Earth Monopoly

The Challengers To China’s Rare Earth Monopoly

Rare earth metals have been…

Israel Reaches Out to US for Oil and Gas Development

Israel Natural Gas Lines' is energetically courting US majors to develop its oil and gas industry, inviting firms specializing in exploration, production, pipeline construction, logistical services, workforce training and other related subsectors to join in the bonanza. 

This week, Israel announced that construction has begun on a submerged turret loading buoy linking LNG imports to the country’s gas transmission system as the country seeks to become and LNG exporter.

According to the US Geological Survey, the Levant Basin Province in the Eastern Mediterranean holds a mean recoverable reserve of 122 trillion cubic feet (Tcf) of natural gas and 1.7 billion barrels of oil. The province straddles the maritime boundaries of Cyprus, Gaza Strip, Israel, Lebanon and Syria.

From 28 October through 1 November, the US Department of Commerce and International Trade’s Commercial Service will lead an oil and gas trade mission to Israel.

Israel and the US Commercial Service are promoting this the opportunity of the year, telling media that Israel has made enormous natural gas discoveries off its coast that will help transform the country into an energy giant. 

By. Jen Alic of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Mary Elliott on August 28 2012 said:
    How involved United States should become, would depend largely on how beneficial this would be to the American economy as the Israeli oil holdings in and around Gaza
    lie waiting for extraction.
  • David McCormack on August 28 2012 said:
    Interested companies can visit: http://export.gov/trademissions/israel2012/ and send applications to david [dot] mccormack [at] trade [dot] gov

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play