ENERGY

Manara Cliff project manager Doron Grupper and his team were notified that they would be laid off in 90 days unless progress is made with the Israel Land Authority.

"The government is allowing Delek Group, Noble Energy to humiliate it," says Ohad Schwartz, a director at Nammax Oil & Gas,

Energy industry sources estimate that electricity prices will fall 5% and perhaps even by as much as 9% at the beginning of next year.

The proceeds from the exercise of options will strengthen the company's capital base and enable it to implement its strategic plan.

Delek said the deal will quadruple Ithaca’s production to 80,000 barrels of oil equivalent per day and raise the company's proven reserves by 150% to 225 million barrels.

The Leviathan operator says gas will flow from the giant Israeli offshore field next month and that Tamar production reached a milestone 2TCF in the third quarter.

The continued shut-down of the Puna plant in Hawai has not prevented Ormat Technologies' share price from surging.

The share price of the Israeli solar energy optimization and monitoring company is 18% below its peak, reached last month.

The rate of penetration is still among the lowest in the world, especially in comparison with European countries with far less sunshine than Israel.

An appraisal drilling has confirmed a best estimate of 0.9 Tcf of recoverable natural gas in the Karish North Discovery.

The EMED venture is buying rights in the EMG pipeline, which will carry gas to Egypt from the Tamar and Leviathan reservoirs in Israel.

Guy Sella, who died last month aged 55, was one of Israel's most remarkable entrepreneurs, as the story of SolarEdge demonstrates.

Experts believe double the amount of gas already discovered remains to be found beneath Israeli waters but the Royee fiasco shows the incompetence of all concerned.