This is the latest blow to the solar energy technology company's stock, after a profit warning for the third quarter and weak guidance for the fourth.
The three justice Israel Supreme Court panel dismissed Chevron and Delek unit NewMed Energy's petition for a share in the offshore gas field.
Delek reported net profit of NIS 423 million after a net loss of NIS 404 million in the corresponding quarter of 2022.
A month ago, the Ministry of Energy ordered the shut down of the flow of gas from Tamar.
Dalia submitted a bid of NIS 9 billion, the only bid in the auction to buy the power station.
The company expects revenue of $300-350 million, down 60% from the corresponding quarter of 2022. Analysts had predicted revenue of $720 million.
When the electricity supply on the Israeli side of the Gaza border region was knocked out on that fateful Saturday morning, Phinergy’s backup energy system installed at local telecom sites kicked into action.
Six companies won 12 exploration tenders, with four of the companies new to Israeli offshore exploration.
The Israeli energy company says these acquired assets have collectively generated an annual revenue of $35 million and an EBITDA of $24 million for 2020-2022.
The Israeli solar energy company had more than $1 billion wiped off its market cap after publishing disappointing preliminary third quarter results.
The Israeli solar energy company's share has returned to the price at which it was traded in May 2020 but analysts see future gains.
A panel set up by NewMed Energy, to review the $2 billion offer for a 50% stake, has recommended raising the asking price, sources told "Reuters," putting the deal in doubt.
Ithaca Energy chairman: Rosebank stands as the largest undeveloped field in the UK.
The solar farm will extend over 3,500-4,250 acres up to a distance of about 500 meters from the Gaza border fence.
“Not only will we start operating energy pipelines to Turkey, but also from Turkey to Europe,” the Turkish president said following his meeting with Benjamin Netanyahu in New York yesterday.
A minimum bid of NIS 9 billion is required and the four bidders in the initial tender can again participate with October 17 set as the deadline for bids.
The OPC-Noy consortium's appeal against reopening of the tender was dismissed; the case may now go to the Supreme Court.
The Qana gas field was one of the main issues in the negotiations to set the maritime border between Israel and Lebanon.
The Israeli company's optical fiber sensing technology offers power transmission operators better ways to manage their grids.
The connection of the additional power produced from renewable sources will considerably reduce the need to burn coal.
Israeli solar energy company Teralight has announced a sales agreement with electricity supplier Dalia Energies for the Ta'anach 2 project.
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise on Thursday night at midnight September 1, 2022 by NIS 0.08 to NIS 6.94 per liter.
The plan, which was not approved, included construction of an underwater pipeline that would connect the field in Cyprus to existing production infrastructure in Egypt.
Renewable energy company Solegreen has decided that California-based subsidiary Kuubix must be sold or shut down.
Minister of National Infrastructures, Energy and Water Resources Israel Katz: This step will expand the country’s revenue and strengthen diplomatic ties between Israel and Egypt.
This month alone, Ministry of Finance estimates are that the loss of state revenue due to the cut will be NIS 231 million.
The company forecasts third quarter revenue of $880-920 million, 5.1%-9.9% higher than the corresponding quarter, but below the analysts' expectations of over $1 billion.
Minister of National Infrastructure, Energy, and Water Israel Katz: There is no chance of a shortage in local supply.
ZOOZ Power provides flywheel-based power boosting solutions for the electric vehicle charging infrastructure market.
Minister of Energy Israel Katz resents involvement by the Ministry of Finance in the issue of gas exports.
In their recent meeting Prime Minister Benjamin Netanyahu and King Abdullah pledged to speed up implementation of the agreement.