Energy water

Energy water

  
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1

IEC starts drawing workers' free electricity money to buy fuel

Energy water
  The National Labor Court dismissed the workers' petition to be allowed to appeal.
  Adrian Filut and Amiram 03/05/2012
 Israel Electric Corporation (IEC) will start today to withdraw money from a deposit of NIS 600 million made for the benefit of IEC's workers to cover free electricity and other employee benefits. The...
2

Leviathan drilling fails to reach target strata

Energy water
  The drilling has been suspended due to mechanical problems and high pressure but data indicate a greater chance of finding oil.
  Guy Katsovich 03/05/2012
 Noble Energy Inc. (NYSE: NBL ) has reported interim results of the drilling of the Leviathan deep well to a depth of 21,400 feet (6,522 meters). The energy exploration company said that high well ...
3

Oil Refineries seeks assured gas supply from "Tamar"

Energy water
  The company has presented its case to Antitrust Authority director David Gilo, who is reviewing all "Tamar" supply contracts.
  Amiram Barkat 02/05/2012
 The heads of Israel Corporation (TASE: ILCO ) unit Oil Refineries Ltd. (TASE: ORL ) have asked the director of the Antitrust Authority that they should receive an assured quantity of gas from the " ...
4

Water monitoring co TaKaDu raises $6m

Energy water
  The investment was led by ABB Technology Ventures, the venture capital arm of Swiss technology firm ABB.
  Globes correspondent 01/05/2012
 Water monitoring solutions company TaKaDu has raised $6 million. The investment was led by ABB Technology Ventures, the venture capital arm of Swiss technology firm ABB in a funding round that also ...
5

Ormat unit wins $61m geothermal contract

Energy water
  Ormat Nevada will supply Ormat Energy Converters for a geothermal power plant project in North America.
  Globes' correspondent 29/04/2012
 Ormat Industries Ltd. (TASE: ORMT ) US subsdiairy Ormat Technologies Inc. (NYSE: ORA ) has won a $61.2 million engineering, procurement and construction (EPC) contract to provide two air-cooled Ormat...
6

IEC invites proposals for LNG imports

Energy water
  The crisis over Egyptian gas has prompted the Israel Electric Corp. to accelerate plans to import liquefied natural gas.
  Amiram Barkat 24/04/2012
 The worsening crisis over Egyptian natural gas has prompted Israel Electric Corporation (IEC) (TASE: ELEC.B22 ) to pick up the pace for its plans for importing liquefied natural gas (LNG), publishing...
7

Canada's Senvest buys stake in Israel Opportunity gas exploration co

Energy water
  Senvest Capital bought 5.62% of the Israeli gas exploration limited partnership for NIS 10 million.
  Moshe Golan 24/04/2012
 Canadian holding company Senvest Capital Inc. (TSX: SEC) has become a party at interest in gas exploration company Israel Opportunity Energy Resources LP (TASE: ISOP.L ). Senvest acquired 5.62% of ...
8

Citi sees gas cutoff hurting Egypt more than Israel

Energy water
  "We don’t think that the damage to Israel is particularly visible."
  Globes' correspondent 24/04/2012
 State owned Egyptian Natural Gas Holding Company's (EGAS) cancellation of the gas supply and purchasing agreement with East Mediterranean Gas Company (EMG) will have little effect on Israel, says Citi...
9

Isramco, Modiin: "Shimshon" gas field could hold 2.3 TCF

Energy water
  The geologic probability of success is 15%.
  Koby Yeshayahou 24/04/2012
 "Shimshon" licensees Isramco Ltd. (Nasdaq: ISRL ; TASE: ISRA.L ) and Modiin Energy LP (TASE: MDIN.L ) today notified the TASE that there is no change in the prospective reserves in the license, ahead...
10

Dr. Guy Bechor: Egypt has not breached the peace treaty

Energy water
  "Israel is being hysterical. War? They haven't money for bread."
  Adi Ben-Israel 23/04/2012
 The unilateral cancellation of the gas agreement between Egypt and EMG (which supplies Israel) does not represent a breach of the Israel-Egypt peace treaty, and Israel should not be drawn into Bechor:...

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