Israel Navy gearing up for its latest mission – protecting Mediterranean gas rigs - HAARETZ

March 09, 2017
Gili Cohen 

It will take two and half years for custom-designed missile boats being built in Germany to arrive. Until then, the navy is not resting on its laurels regarding this strategic economic asset.

For the sailors serving on the Israel Navy’s missile corvettes, the latest revelations concerning the bid for purchasing drilling rig-protecting boats, associated with the procurement of new submarines, have brought about a surprising turn of events. The combat mission of these seamen, which usually remains secretive and submerged, has become an open topic of conversation.

Noble Energy freezes talks with Israel Shipyards | Globes

Noble Energy freezes talks with Israel Shipyards

01/01/2015, 14:31

Hedy Cohen

Noble is suspending negotiations for the NIS 15 million deal until the future of Israel's natural gas industry becomes clear.

Noble Energy Inc. (NYSE: NBL) is suspending its negotiations with Israel Shipyards until the future of the natural gas industry in Israel becomes clear, according to a letter sent this week to Israel Shipyards' management.

The negotiations are for a seven-year extension of the lease for the base of Noble Energy's marine activity. The base area covers 28 dunam (seven acres), for which Noble Energy would have paid over NIS 15 million a year for more than five years.

RELATED ARTICLES

Kerry presses Netanyahu to solve gas monopoly crisis

Gilo, Tshuva fail to agree on gas reserves

Israel shoots itself in both knees

Sheshinski: Breaking up gas monopoly won't solve anything

Antitrust Authority director general David Gilo decided last week to revoke a compromise reached with the Leviathan partnership in which the partnership would have sold two smaller gas reservoirs, Karish and Tanin, while retaining the larger Leviathan reservoir.

Following the decision, Noble Energy chairman and former CEO Charles Davidson stated, "The actions of the Antitrust Authority are another disturbing example of the uncertain regulatory environment in Israel." Noble Energy president and CEO David Stover added that the company was disappointed with Israel and the Antitrust Authority director general, and had decided to suspend its investments in Israel.

Published by Globes [online], Israel business news - www.globes-online.com - on January 1, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

Source: http://www.globes.co.il/en/article-noble-energy-freezes-talks-with-israel-shipyards-1000997824