Delek Drilling will spin off a 9.25% stake to new company Tamar Petroleum in order to divest from Tamar, in the biggest ever TASE offering.
The Greek energy company will invest $1.3 billion in developing the offshore Israeli fields with gas flowing by 2020.
Oil Refineries' share price is falling on large turnover.
David Cohn, Yona Schweitzer, Jacob Hain, Haim Brenner, and Zvi Eyal were convicted of bribery, fraud, breach of trust, and money laundering.
The company is also planning a share offering on the TASE at a $100 million company value.
Minister of Energy Yuval Steinitz severely criticized Noble Energy, Delek Group, and Ratio.
The Palestinian Authority is cutting its payments for electricity for the Gaza Strip.
CEO Dr. Noa Ruschin-Rimini: Grid4C can make everybody an electricity producer and seller and identify malfunctions in the home before the consumer knows about it.
European Energy Commissioner Miguel Arias Cañete explains why financing a gas pipeline from Israel might be worth Europe's while.
The campaign's goal is a 20% saving in electricity consumption by government companies.