February 2, 2018

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 firm plans to reinvest the cash that it will receive from the deal towards the dev...

June 15, 2017

Houston’s Mayor, Sylvester Turner made a historic visit to Israel early this June in the hopes of creating more economic relations in the areas of energy and medical research and development (R&D) with the Jewish State. Houston economically dominates in these two areas as it is considered to be one of the greatest energy leaders in the world and houses the largest medical complex in the world (The Texas Medical Center), the largest Children’s hospital in the world (the Texas Children’s Hospital) and the largest cancer hospital in the world (MD Anderson Cancer Center).  Fu...

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