AIPAC announced that provisions supportive of Israel were added to the 2018 Fiscal Year Omnibus Appropriations Bill passed on March 23rd. The provisions, which arose from bipartisan support in the House and the Senate, establish a U.S.-Israel Center for Excellence in energy and water technologies. Additionally, the law funds the U.S.-Israel Binational Industrial Research and Development Energy (Bird-Energy) Program. U.S. Representative Brad Sherman (D-CA) commented that, “Thi

Reuters reported that the partners, Texas-based Noble Energy and Israel's Delek Drilling, operating in the Tamar and Leviathan natural gas site off Israel's coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt. Delek said there was no certainty a binding agreement would be signed. Just last month, Egyptian company Dolphinus Holdings said it would buy $15 billion of Israeli natural gas in two 10-year agreemen

Houston-based company Noble Energy Inc. announced plans to sell a portion of its stake in the Israeli offshore oil field, Tamar. The decision is in compliance with a 2016 anti-monopoly decision by Israel's High Court of Justice. Tamar Petroleum Ltd. (TASE: TMRP), headquartered in Israel, will pay $800 million ($560 million in cash) for a 7.5% working interest in the field. Noble remains the operator of the oil project with a 25% working interest in Tamar. The Texas energy fi

Prior to U.S. President Donald J. Trump’s May 22nd visit, the Israeli Minister of Economy Minister Eli Cohen announced that Israel plans to increase its exports to the U.S to over $100 billion by 2020. This is more than five times Israel’s 2016 U.S. export volume of $17.6 billion. Texas is poised to be one of the most important recipients of these exports. ​ One additional type of export that may see an increase especially following Cohen’s initiative are agricultural exports