ADVERTISEMENT

More natural gas confirmed offshore Israel

Energy Trade

A natural gas discovery off the coast of Israel may hold as much as 2 trillion cubic feet of reserves, operator Noble Energy Inc announced. Texas-based Noble said on Wednesday it has made a natural gas discovery at the Karish prospect. Drilling reached a total depth of 15,783 feet (4,811 meter) and uncovered a natural gas pay measuring 184 feet (56 meter), which Noble said indicated a reserve potential of 1.6-2 tcf of natural gas. Karish lies in 5,708 feet of water in the Alon C license, about 20 miles (33 km) northeast of the Tamar field, off the coast of Israel. Noble Energy operates the block with a 47.06% stake, while Delek and Avner Oil hold the remaining equity.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.