Oil Refineries Ltd., Israel’s largest oil refiner, announced that it has received a notification from its subsidiary, Carmel Olefins Ltd. (a private company in which the Company holds 50%, and in respect to which the Company has signed an agreement to purchase the balance of its shares as outlined in the press release dated June [...]

Zion Oil & Gas, Inc. announced that the company issued 350,994 units in the initial closing of Zion’s follow-on offering. Each unit consists of one share of Zion stock and one warrant to purchase one share of Zion stock. The units were issued at $10 per unit and the amount raised in this initial closing [...]

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel announced today that it and Aladdin Middle East have signed a drilling contract. Last week, Zion’s Chief Executive Officer, Richard Rinberg, and the President and Chief Operating Officer of Zion, Glen Perry, visited AME’s offices in Ankara, Turkey, in order to inspect AME’s rig [...]

Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company, today announced that its Board of Directors has approved its intention to commence a stock repurchase program of up to five percent of its outstanding Ordinary Shares over a ten month period through June 30, 2009.
The share purchase program, which could amount to NIS 3.5 [...]

Avenue Group, Inc. announce that it has produced over 3,200 barrels of oil from its 50% owned Heletz-Kokhav License, part of the Heletz Field in southern Israel.
Since restarting production in June, four wells have been returned to production, with total daily production currently exceeding 65 Barrels of Oil Per Day (32.5 BOPD net to AGI).
Three [...]

Manas Petroleum Corporation today announces that it’s wholly owned subsidiary DWM Petroleum AG has commenced the first part of a 600 KM 2-D seismic program in Albania.
The seismic crew from the Geological Institute of Israel (GII) has mobilized 5 vibrators to Albania and set up a camp close to Tirana (Albania). Today the first line [...]

Zion Oil & Gas, Inc. of Dallas, Texas and Caesarea, Israel has recently reported that Aladdin Middle East (”AME”) and Zion have amended their June 18 protocol to extend to September 1, 2008 the date by which they are to sign a drilling contract. The extension is necessary due to delays encountered in preparing and [...]

Energy company, S.D.E., which has developed an innovative technology for generating sea wave electricity, has signed an agreement for selling sea wave power plants throughout China. Construction of the power plants will be financed by investors from Hong Kong and China.
Two joint venture companies, formed in Hong Kong by S.D.E and the investors for the [...]

Petroleum Capital Holdings Ltd. (PCH) might cancel a deal with Israel Corp. (ILCO.TA) to buy an additional stake in Oil Refineries Haifa (ORL.TA) on the Tel Aviv bourse unless it receives government approval soon, the main shareholder in PCH said on Sunday.
Israeli Prime Minister Ehud Olmert and Finance Minister Abraham Hirchson had requested additional information [...]

Noble Energy, Inc. announced planned capital expenditures of $1.42 billion for 2007. Capital expenditures for 2006 totaled $1.87 billion, including $0.52 billion for acquisitions.
Approximately 26 percent of the 2007 capital program has been allocated for exploration opportunities including lease acquisitions and seismic, and 74 percent is dedicated to production, development and other projects. The domestic [...]