Israel’s Delek Drilling is in talks to sell its stake in the offshore natural gas field for up to $1.1 billion, financial news website Calcalist reported on April 5.
Delek owns a 22% stake in Tamar, one of Israel’s main energy sources, which it is required to sell by year-end under a government framework to open the sector to competition. The company holds a stake of about 45% of the nearby Leviathan gas field, which is larger than Tamar.
Delek Drilling, a subsidiary of Delek Group, declined to comment on the report.
Calcalist, which did not disclose its sources, said the advanced negotiations are being held with an unnamed British company.
Recommended Reading
Phillips 66 Makes EPIC Move to Strengthen South Texas Position
2025-01-09 - Phillips 66’s $2.2 billion deal with EPIC allows for further integration of its South Texas NGL network.
AltaGas, Keyera Come to Mutual Agreements to Leverage Infrastructure
2025-02-07 - Canadian midstream companies AltaGas and Keyera have signed mutually beneficial, long-term contracts for NGLs and fractionation.
Renegade Waiting for ‘Catalyst’ as it Mulls Building, Buying Midstream
2025-02-06 - Renegade Infrastructure CEO Drew Ward says the company is currently “basin agnostic” and is considering greenfield projects and M&A after winning a capital commitment from PE firm Energy Spectrum Partners.
Targa Pipeline Helps Spark US NGL Production High in 2024
2025-01-23 - Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.
Diversified Closes Summit Natural Resources Deal for $42MM
2025-02-27 - Diversified Energy Co. Plc closed its deal with Summit Natural Resources to buy operated natural gas assets and midstream infrastructure for approximately $42 million, the company said Feb. 27.