Oil reservoir found in Golan Heights
large amount of oil reservoir have been found on the Golan Heights. Israeli energy company Afek, a subsidiary of American company Genie Energy, officially revealed on Monday. Three drillings More...
James Tisch’s Diamond Offshore profit beats on demand for ultra-deepwater rigs
Diamond Offshore Drilling Inc (DO.N), one of the world’s top-five offshore rig contractors, reported a much higher-than-expected quarterly profit, helped by demand for its high-tech ultra-deepwater More...
Gas agreement: Noble Energy stays in Tamar and Leviathan
The outline gas agreement between the State of Israel and the gas exploration companies, chiefly Noble Energy (NBL) and Delek Group Ltd. (TASE: DLEKG), was released for publication today. It was presented at More...
Oil Prices Drop to Six-Year Low in Anticipation of Iran Deal
The prospects of a possible U.S. deal with Iran over its nuclear program have added to traders’ expectations of a flow of new Iranian crude into the market. The Wall Street Journal reported that the benchmark More...
Face It: Oil Prices Are Not Coming Down – Tell your Neighborhood Sheik
Michael T. Snyder writes for Seeking Alpha this morning that the price of oil is more likely to fall to $20 rather than rise to $80. Sure, he concedes, the price of U.S. oil has risen above 50 dollars a More...