Search results for: Israel Corporation

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  • 10 June 2010

    Israel-based shipping company, Zim, is going to sell its overseas marine services business for between US$130 million to US$170 million following two years during which the company struggled to overcome the container shipping downturn. According to a report in American Shipper, Zim’s parent company, Israel Corporation, has granted an unnamed foreign company 45 days to […]

  • 18 July 2014
    Business & Finance

    Israel’s biggest cargo shipping company ZIM announced the completion of its comprehensive debt restructuring, following 18 months of intensive negotiations with all of the company’s creditors.   Israel Corporation’s investment of $200 million of new equity in return for 32% of the shares in ZIM has paved way for the restructuring’s conclusion. The investor will […]

  • 19 May 2014
    Business & Finance

    ZIM Integrated Shipping Ltd. has finalized the terms of its financial restructuring arrangements, a $3 billion restructuring plan including $1.4 billion debt equity conversion with creditors following a protracted and complex series of negotiations. Following the agreement, the refinanced business will be strongly positioned for successful growth. The company has also reached an agreement with […]

  • 4 August 2006

    Zim Integrated Shipping Services Ltd. has agreed to increase traffic to the Haifa port despite ongoing missile strikes by the Hizbullah in the area. As activity at the Haifa port has been reopened, the Manufacturers’ Association of Israel has called upon Zim, which is controlled by the Israel Corporation, to increase shipping capacity to Israeli […]

  • 15 July 2014
    Business & Finance

    The biggest cargo shipping company in Israel ZIM and the state of Israel have reached an agreement regarding the terms of the Golden Share, allowing ZIM to execute the restructuring agreement.   ZIM said that it was preparing to complete the restructuring agreement according to the planned schedule. ZIM President & CEO Rafi Danieli said: […]

  • 22 October 2012

    On Oct. 20, Mr. Wu Chengye, General Manager & Board Member of CIC, met with Mr. Idan Ofer and delegation members of Quantum Pacific Group at CIC head office. Mr. Idan Ofer is the principal of Quantum Pacific Group. He has a share in Israel Corporation and Pacific Drilling SA through Quantum Pacific Group. Its […]

  • 23 April 2012

    Ampal-American Israel Corporation said that it has been advised by East Mediterranean Gas Co. (EMG), in which Ampal has a 12.5% interest, that Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) notified EMG that they were terminating the Gas Supply and Purchase Agreement (Source GSPA) between the parties. “EMG considers […]

  • 2 October 2015

    By Steven Scheer JERUSALEM (Reuters) – When the Leviathan gas field was discovered off the coast of Israel in 2010, it was pitched as a game-changer — a vast energy reserve that would transform the economy and bolster public finances for years to come. Five years on, poor policymaking, political infighting and a battle between […]

  • 25 August 2014
    Business & Finance

    Israel’s shipping company ZIM Integrated Shipping Ltd. has published its results for the second quarter of 2014, on the backdrop of the successful conclusion of its debt restructuring on July 16, 2014. Under the terms of restructuring, Israel Corporation’s holding in ZIM was reduced from 100% to 32%. ZIM said that it was continuing execution of […]

  • 4 August 2011

    Sources inform ”Globes” that Apache Corporation is considering entering Israel’s oil and gas exploration sector. Company executives … Source: Globes [mappress] Source: Globes, August 4, 2011;

  • 7 April 2016

    Israel Electric Corporation has reportedly agreed to purchase three cargoes of liquefied natural gas from BP.

  • 29 April 2011
    Business & Finance

      Bontan Corporation Inc. issues the following update with respect to its indirect working interest of 5.23% in the Israeli project comprising Sara and Myra licenses located in the Levantine Basin: Progress on Israeli Project: Israel Rig Contract – Myra and Sara Licenses The operator of the consortium of the Licenses has entered into an […]

  • 3 June 2011
    Business & Finance

      Adira Energy Ltd announced the appointment of Mr. Hezi Kugler as permanent Chief Executive Officer, effective June 1, 2011. Mr. Kugler’s experience includes managing private business in the energy space, practicing law as a senior partner; and Director General of Israel’s Ministry of National Infrastructures responsible for petroleum exploration, and Israel energy policy among […]

  • 6 May 2011
    Business & Finance, Project & Tenders

      Bontan Corporation Inc. provides the following update with respect to its indirect working interest of 5.23% in the Israeli project comprising the Sara and Myra licenses located in the Levantine Basin: Progress on Israeli Project: The Petroleum Commissioner in Israel approved to extend the validity of the Sara and Myra licenses to July 13, […]

  • 9 July 2010

    Israel Electric Corporation is considering the import of liquid natural gas (LNG) as an interim solution until natural gas from the Tamar fi… [mappress] Source: globes online, July 9, 2010;

  • 4 August 2011

    Sources inform ”Globes” that Apache Corporation is considering entering Israel’s oil and gas exploration sector. Company executives recent… (globes) [mappress] Source: globes, August 4, 2011;

  • 24 February 2011
    Business & Finance

      ATP Oil & Gas Corporation is expanding its deepwater operating and infrastructure expertise to offshore Israel. Subject to approval of the Ministry of National Infrastructures (MNI), ATP has signed agreements to acquire five licenses, of which two are pending, in approximately 4,000 feet of water. T. Paul Bulmahn, Chairman and CEO stated, “The strategic […]

  • 16 November 2017

    One Greek and four Indian oil and gas companies submitted bids for exploration acreage offshore Israel. Israel’s Energy Ministry on Thursday said that bids were submitted by Greece’s Energean, and a consortium of Indian companies that includes ONGC Videsh Limited, Bharat Petro Resources Limited, Indian Oil Corporation Limited, and Oil India Limited. This was the […]

  • 28 January 2013

    The Israel Electric Corporation confirmed that the LNG supply from the regasification ship that the company leased had begun. The expected savings from the use of LNG supplied by a cargo of one regasification ship, compared to the use of diesel oil, is estimated by the company at approximately 15 Million US Dollars. The company […]

  • 6 November 2015
    Operations & Maintenance, Storage, Technology

    Wave Electricity Renewable Power Ocean (WERPO) has entered into a new agreement with Sunbelt Israel, part of the Sunbelt Business Network capital group, to secure funding for the outstanding projects. WERPO, a wholly-owned subsidiary of the Israeli sea wave energy technology developer Blackbird International Corporation, and Sunbelt Israel will now start ”an aggressive campaign to raise funds […]

  • 8 April 2019
    Business & Finance

    Israel Electric Corporation has signed a short-term gas supply agreement with Noble Energy-operated consortium running the Leviathan field development offshore Israel. The price, IEC said, is lower than the one being paid for Tamar gas.

  • 28 November 2011

    Israel Electric Corporation (IEC) has published a request for information (RFI) to international companies and traders for the import of …   (globes) [mappress] Source: globes, November 28, 2011;