InfoAnda - Special Report: Gas in the Holy Land |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Cannes-winning Philippine director shuns mainstream | 18 June 2009
Sept. 11 anniversary terror attacks threat raises security concerns in NYC, DC | 9 September 2011
BBC sends `Ethical Man' on global warming quest | 24 April 2009

China's Sinopec signs LNG deal with Exxon Mobil | 5 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Special Report: Gas in the Holy Land |

Edition: U.S. Article Comments (0) Slideshow Email Print Reprints Full Focus Editor's choice A selection of our best photos from the past 24 hours. Full Article Read "Conan" loses one-third of TV audience on 2nd night 10 Nov 2010 Analysis: German tempers fray as U.S. policy gulf widens 10 Nov 2010 Harry Potter star Watson "felt sick" when told of riches 08 Nov 2010 G20 grapples with formula to ease currency strains | 9:03am EST Cruise ship limps slowly toward San Diego under tow 10 Nov 2010 Discussed 101 Obama: U.S. can’t afford two years of gridlock 76 GLOBAL ECONOMY-Obama returns fire after China slams Fed’s move 71 Analysis: German tempers fray as U.S. policy gulf widens Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Scientists re-create big bang Tue, Nov 9 2010 Singapore Air cancels A380 flights Tue, Nov 9 2010 Report Title Price Trading Report for (NBL). A detailed report, including free correlated market analysis, and updates. Provider: Stock Traders Daily $18.0 Buy NBL: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings Provider: New Constructs, LLC $25.0 Buy NOBLE ENERGY INC (NBL=US) - REPORT FOR ACTIVE TRADERS Provider: Pechala's Reports $25.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Special Report: Gas in the Holy Land Tweet This Share on LinkedIn Share on Facebook By Ari Rabinovitch TEL AVIV (Reuters) - Using the Bible as its guide, Texas-based energy company Zion Oil and Gas has searched for oil in the Holy Land for a decade. The company uses a map of the 12 ancient tribes of Israel and the biblical... Related News RPT-SPECIAL REPORT-Gas in the Holy Land 7:10am EST Special Report: Oil and ice: worse than the Gulf spill? Mon, Nov 8 2010 RPT-SPECIAL REPORT-Oil and ice: worse than the Gulf spill? Mon, Nov 8 2010 Related Topics World » Stocks 1 / 6 A worker stands on an oil rig belonging to Zion Oil & Gas in Karkur, northern Israel October 17, 2010. Credit: Reuters/Nir Elias By Ari Rabinovitch TEL AVIV | Thu Nov 11, 2010 7:54am EST TEL AVIV (Reuters) - Using the Bible as its guide, Texas-based energy company Zion Oil and Gas has searched for oil in the Holy Land for a decade. The company uses a map of the 12 ancient tribes of Israel and the biblical assertion - "the foot of Asher to be dipped in oil on the head of Joseph" - as an unlikely guide to help it decide where to drill. Sitting beneath an 18-storey rig in northern Israel, Zion's CEO Richard Rinberg translates that reference by pointing to an area on the map where the territory of Asher - long and thin and shaped like a leg - once pushed into the land that belonged to Joseph's sons. "It's exactly where we are," said Rinberg, a good-humored Orthodox Jew with a background in accounting and a belief that this biblical prophecy is backed by concrete scientific data. Founded by John Brown, a Christian Zionist who believes the Bible prophesied the discovery of oil in Israel, Zion is just one of a pack of energy companies that has spent years, even decades, surveying and drilling around Israel and its territorial waters. Like many, Zion has yet to find commercial amounts of oil or gas. But faith runs deep in this part of the world, and Zion and its fellow prospectors were emboldened by the discovery last year by Texas-based Noble Energy of trillions of cubic feet of natural gas in the offshore Tamar field. "There's little doubt that optimism in oil and gas exploration, both offshore and onshore, has increased," said Rinberg. Tamar was the world's largest gas discovery of 2009. Together with a second find - potentially twice as big - in another offshore field called Leviathan, it is a potential game- changer for the Jewish state, a country with few natural resources and many enemies. Already the Tamar find has triggered drilling fever and immense volatility in small-cap oil firm stocks on the Tel Aviv Stock Exchange. The government estimates that when the gas begins to flow in 2013 it will be worth tens of billions of dollars for Israel, boost the country's current account and help cut its dependence on energy imports. But could the coming windfall prove an economic, or even political, curse as much as a blessing? Experts from the central bank governor down are worried that the billions in extra revenue will strengthen the Israeli currency to such an extent that the country's other exports - from hi-tech hardware to avocadoes - will no longer be competitive abroad. Others complain that government plans to increase resource taxes will kill the gas sector at birth, or even lead Washington to sue its ally in the International Court of Justice. Last, but by no means least in this explosive part of the world, the gas discovery could fuel tensions with Israel's neighbors. Lebanon is racing to drill off its coast, fearful that Israel might deplete shared reserves in the Mediterranean ocean bed, while a deal Israel has with Egypt for gas supply could be hit. "The development of (Israel's) gas sector still should not be taken for granted," Infrastructure Minister Uzi Landau said earlier this year, emphasizing the need for further planning to achieve energy security. "We must not hinder it so we can fully enjoy the enormous potential." "ISRAEL IS ENERGY INDEPENDENT!" By early 2009, prospectors had spent 50 years and drilled more than 400 dry wells around Israel in search of oil or gas. Many had resigned themselves to the fact that there were no reserves to be found. Then, in January of that year, a consortium led by Noble and Israel's Delek Energy said it had hit natural gas in the deep-sea Tamar gas field, some 90 km from the coastal city of Haifa. "The implications of this discovery to Israel, Noble Energy, and our partners cannot be overstated," Charles Davidson, Noble's president, chairman and chief executive, said a few weeks after the announcement. The discovery breathed new life into Israel's energy market; investors poured millions of dollars into any company hinting at the next jackpot. Shares in small, unproven energy companies doubled and tripled. The government divvied out even more territory, both on- and offshore. Excitement rose along with estimates of the reserves at Tamar. In June this year, Yitzhak Tshuva, owner of Delek Energy's parent company, Delek Group, and one of the richest men in Israel, stood on a podium at a conference, put on a Jewish skullcap, recited the prayer that thanks God for reaching a special moment, and announced: "The state of Israel is energy independent!" Tamar, he said, had an estimated 8.4 trillion cubic feet of gas, the equivalent of 1.5 billion barrels of oil. Even better, a second Noble-Delek group had discovered gas in the Leviathan field that could prove twice as big. Altogether, the gas finds will be enough to meet Israel's annual consumption of 80 million barrels of oil equivalent for decades and make the country, now dependent on coal and natural gas imports, an energy exporter. A Citigroup report in September said the discoveries could bring up to $4 billion in annual revenue for Israel. Even as Israel tallied up the reasons to celebrate, though, debate began about just what the gas bonanza could mean for the country. 1 2 3 4 Next World Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 11 November 2010
NATO wants Russia to expand Afghanistan cooperation
Cargo bomb found in UK could have exploded over U.S. |
Clinton says Israeli settlement plan not productive
UK needs cyber attack capability: minister
Boeing halts test flights of delay-plagued 787 Dreamliner
NATO says troops may have killed 3 Afghan civilians |
Baghdad Christians in firing line as deadly bombs sow panic
US trade deficit eases but China tensions remain
Kirkuk: a ticking time bomb in volatile north Iraq
Climate talks seek complex, interlocked deal: U.N. |
US trade deficit eases slightly in September
Man Beats Wife With Bat For Eating His French Fries
With no government, Iraqis struggle to find jobs
Home Values Continue To Decline To Near Unprecedented Levels
Afghanistan: 10 killed, including 3 NATO troops
Android now second biggest smartphone platform: Gartner
Taylor Swift Holds #1 On Billboard Albums Chart For Second Week With "Speak Now"
Iran says won't discuss nuclear issue with big six
Aircraft Carrier Escort, Spam For Stranded Cruise Ship Guests
Blasts target Iraq Christians; 3 dead, dozens hurt
Army Report Says Ft. Hood Attack Couldn't Be Prevented
Beaten Teen Died From Lacerated Heart
Trial of U.S. citizen in Yemen delayed |
Pakistan suspend Haider's contract, launch inquiry
Threat Locks Down South Florida Schools
British student fee protest turns violent |
FBI Busts Massive $42 Million Holocaust Fraud Ring
France says terror suspects were planning attack |
Miller Sues To Exclude Misspelled Ballots In Alaska Senate Race
Garth Brooks Adds New Concert Dates For Vegas Residency
RIM aims to challenge iPad with PlayBook pricing |
AT&T halves selling price on BlackBerry Torch |
Yahoo appoints new ad sales chief |
Taylor Swift is youngest country songwriter winner |
Katy Perry, Justin Bieber to perform at Grammy nominations |
Chris Pine is Unstoppable in post-Star Trek film |
Sarah Palin hopes TV show will correct some untruths |
Iraq breaks deadlock, PM wins support for new term
British press, PM slam "brainless" student protests
Iraq breaks deadlock, PM wins support for new term |
Iraq MPs meet to choose speaker amid power vacuum
US-TECH Summary
Student protesters storm British PM's party HQ
Iran nuclear right is non-negotiable: Ahmadinejad |
EU ready to support Ireland: Barroso
Cisco outlook disappoints, shares plunge
Iran nuclear right is non-negotiable
EU safety regulator orders A380 engine inspection |
Yemen bomb was set to explode over US: British police
Obama panel urges deep spending cuts, tax reforms
Full "Doctor Who" Season Comes To Blu-Ray, DVD
Myanmar's top court rejects Suu Kyi's final appeal |
Saudi Arabia, Libya, Congo Get U.N. Womens' Rights Agency Seat, Iran Fails
Iraq breaks deadlock, PM wins support for new term
FCC looks at Google's Street View data grab
US clears joint air venture with United, Continental, ANA
Yemen Parcel Bomb Destined For Midair Explosion Over U.S.
Russian reporter 'staged his beating': police
Cholera deaths in hard-hit Haiti city add to toll |
FCC investigating Google 'Street View' data harvest
Asia-Pacific ministers extend freeze on trade barriers |
U.S. Hails Only Female Governor, Reconstruction Work In Afghanistan
Amazon under fire for sale of pedophile book
Hulu's CEO says revenue to more than double this year
Incoming Republican House Speaker Wants to Keep Tax Cuts
RIM shares up as CEO says tablet to cost below 500 dollars
Women Protest NY Judge’s No-Jail Sentence To Rapist
Stocks Climb As Dollar Weakens
Abbas seeks Security Council meeting on settlements |
AT&T halves selling price on BlackBerry Torch
Pianist Pays Swindlers $20 Million For Protection Against Fake Threats
Kill Fidel Castro part of video game angers Cuba |
'Honeymoon Killer' in limbo as Australia jail term ends
Asiad tensions rise as China goalkeeper apologies
One dead as China cargo ship missing off Japan
G20 leaders head into trade showdown
Saudi women conspicuous by Asiad absence
Nepal's endangered vultures at centre of new sport
Russian double agent 'helped crack' US spy ring
RIM aims to challenge iPad with PlayBook pricing
US will never waver in S.Korea's defence: Obama
US-ENTERTAINMENT Summary
FCC looks at Google's Street View data grab |
Ask.com laying off 130 staffers, to focus on Q-and-A
Thai-Burma border towns face malaria outbreak risk
Miranda Lambert, Brad Paisley shine at the CMAs
LimeWire says unauthorized applications using its name |
S.Korea under pressure to skip Nobel ceremony
Hulu's CEO says revenue to more than double this year |
Motorola Mobility sues Microsoft over patents
Indonesia volcano still shooting ash
Reputed mafia boss slain in Canada
Cisco's dismal outlook stuns Street, hits sector |
Myanmar court refuses Suu Kyi appeal
Clinton, Israeli PM to meet amid settlement row
Motorola Mobility sues Microsoft over patents |
Hong Kong looking to be world's wine storage hub
Pakistan's Haider fled in fear of his life
US-TECH Summary
Arctic mosque opens its doors
Lichtenstein painting pops record at Christie's
"Conan" loses one-third of TV audience on 2nd night
U.S. close to decision on 9/11 trial for Khalid Sheikh Mohammed
West, Bush and "Today" show spar over "racist" remark
Global minimum and maximum temperatures
Demi Lovato not being treated for drugs: spokesman
Amnesty: prosecute Bush for admitted waterboarding
Harry Potter 7 premieres, eyes box office magic
New York's Met museum to return King Tut relics
Cargo bomb found in UK could have exploded over U.S.
US lawmakers voice concern about Afghan corruption
China consumer prices surge in October
S.Korea c.bank report: Fed move poses many risks
Miranda Lambert, Brad Paisley shine at the CMAs |
Canada doubles requirements for foreign investors
Harry Potter 7 premieres, eyes box office magic |
Peru to set free trade deals with Japan, SKorea
Conan loses one-third of TV audience on 2nd night |
Lou Dobbs to join Fox Business Network |
Pakistan airline seeks state bail out to survive
Seoul bourse sees record foreign net selling
Demi Lovato not being treated for drugs: spokesman |
West, Bush and Today show spar over racist remark |
Indonesian minister all a-Twitter over Michelle Obama
Motorola Mobility sues Microsoft over patents
LimeWire says "unauthorized" applications using its name
NZ 2017 govt bonds yield 5.16 pct at tender
Currency intervention would not work
Japan machinery orders log sharp fall
S.Korea bonds firmer, eyeing G20 summit in Seoul
Spanish economy stalls in third quarter
Iran nuclear right is non-negotiable: Ahmadinejad |
Google says not building Facebook rival
Iraq rivals seal power-sharing deal
Cargo bomb found in UK could have exploded over U.S. |
Washington State Bans Sale Of Caffeinated Alcoholic Drinks
Pope calls for religious freedom in Muslim states |
Veterans Day Goes Global With Obama In Korea, First Lady In Germany
Polo Ralph Lauren 2Q Profit Up 16 Percent
Top Russian spy defects after betraying U.S. ring
Britain weighs risk of protests after London riot |
Count Of Write-In Ballots Continues In Alaska Senate Race
Miranda Lambert Celebrates 27th Birthday With 4 Wins At The CMA Awards
Special Report: Gas in the Holy Land |
Musharraf Upset With Obama Decision To Skip Pakistan
Netanyahu tells Clinton quite serious on peace talks |
"The Girl With The Dragon Tattoo" Director Blasts Film's U.S. Version
High Fructose Drinks Linked With Gout Risk
Azerbaijan wrestles with Islam in rough region |
Government Asks Supreme Court To Keep "Don't Ask, Don't Tell"
U.S. Joins U.N. In Condemning Recent Terror Attacks In Iraq
Top Russian spy defects after betraying U.S. ring |
Hollywood, Bollywood sign landmark cooperation pact
Italian cinema legend De Laurentiis dies
Italian film producer Dino De Laurentiis dies: report
Google says not building Facebook rival |
Hollywood, Bollywood sign landmark cooperation pact
Jersey Shore lifts Viacom profit |
Pet boom has Shanghai mulling one-dog policy
Activision says Black Ops first-day sales a record |
Four Indonesian soldiers jailed for Papua abuse
Pentagon Declares Missile Trail Nothing But A Plane
Women Protest NY Judge’s No-Jail Sentence To Rapist
Pianist Pays Swindlers $20 Million For Protection Against Fake Threats
Update: Pentagon Still In The Dark Over Missile Vapor Trail
Pentagon Investigates Mystery Missile Launch Off California Coast
Oregon Pays Settlement To Man Detained For Giving Cops "The Finger"
Classical Music Helps Fight Crime In New Zealand
Italian film producer Dino De Laurentiis dies: report |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01