The Delek Group announced it has won a bid to purchase the assets of Chevron North Sea Limited. Chevron North Sea operates dozens of oil and gas wells in the North Sea. The purchase price was $2 billion, which after taking into...
The Israeli Electric Company (IEC) announced it had made a net profit of NIS 166 million in the first quarter of 2019, up from the loss of NIS 67 million in the first quarter of 2018. The company’s income was NIS 6...
The Electric Authority announced the result of its latest tender for suppliers of solar energy. The lowest bid came in at NIS 0.156 per kilowatt hour of power. That bid is from Partner Investors, who will supply 69 Megwatts. Adanit Realtors will...
Israel has traditionally been short of energy sources. Despite being in the Middle East, surrounded by oil-rich neighbors, only the most negligible oil or gas had ever been found in Israel. For a short period after the Six Day War and before the peace agreement with Egypt,...