Connect with us

Hi, what are you looking for?

Jewish Business News


Noble Energy CEO: We’ll develop Leviathan Gas Field without Woodside

Charles Davidson has been the main supporter of the sale of 25% of Leviathan to Woodside.

Noble Energy CEO Charles Davidson

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.
The partners in Leviathan are prepared to develop the gas field without Australia’s Woodside Petroleum Ltd. (ASX: WPL), says Noble Energy Inc. (NYSE: NBL) chairman and CEO Charles Davidson. This is an extraordinary statement by him, given that until now he has been the main supporter of the sale of 25% of Leviathan to Woodside for $2.71 billion.

“The Sydney Morning Herald” reports that Davidson told investors in the US, “We would like to have them as a partner as part of the project, but right now, with all of the other things that have been cleared out, we and our existing partners are moving forward, and we’re starting to take steps to make sure that we can deliver this project.”

Noble Energy,  Delek Group Ltd. (TASE:DLEKG), and Ratio Oil Exploration (1992) LP (TASE:RATI.L) were due to sign the farm-out deal with Woodside on March 27, but the latter cancelled at the last minute because of disagreements with the Israel Tax Authority over accelerated amortization of the acquisition of the rights in Leviathan.

“Globes” reported that the parties reached a compromise on the accelerated amortization, but, in the past few days, Woodside representatives have raised new demands, mainly about compensation from future regulatory changes.

There is also considerable personal tension between Delek controlling shareholder Yitzhak Tshuva and Woodside CEO Peter Coleman. Tshuva was deeply insulted when Coleman did not turn up at the gala signing ceremony prepared in his honor in Jerusalem and parted from Coleman with harsh words.

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.