Delek Group approves Leviathan development plan

Partners in the Leviathan natural gas project offshore Israel plan to start gas production by yearend 2019. Stage 1A of the development plan has a proposed budget of $3.5-4 billion with estimated capacity of 12 billion cu m of gas/day, according to reports from Delek Group subsidiaries Delek Drilling Ltd. and Avner Oil Exploration Ltd. […]


Qatar Petroleum to merge LNG giants Qatargas, RasGas

Qatar Petroleum (QP) plans to integrate Qatargas and RasGas Co. Ltd., forming a combined company will retain the name Qatargas and operate all of Qatar’s LNG ventures. Source: News


Phillips 66 cuts 2017 capex by 10%

Phillips 66 has set a 2017 capital budget of $2.7 billion. In its third-quarter earnings report, the firm said it expected $3 billion in capex for 2016. Source: News