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Global Downturn is Rare Opportunity for Israel to Recruit Oil, Gas Talent

Israel has a once-in-a-generation opportunity to recruit the oil and gas talent it needs to exploit its natural gas resources and turn itself into an important oil and gas hub in the eastern Mediterranean. Israel has a once-in-a-generation opportunity to import the skills and knowledge it needs to develop itself into an oil and gas hub in the eastern Mediterranean, according to speakers at this week’s Universal Oil and Gas Conference, which is being held in Tel Aviv. The country must take advantage of a global downturn in the upstream oil and gas industry in order to recruit the engineering specialists it needs to exploit the approximately 30 trillion cubic feet of natural gas it found off its coast in 2009 and 2010 , as well the geological and drilling experts it requires as it searches for more hydrocarbons, delegates to UOG 2015 heard. Speaking about the challenges Israel […]

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Israel Invites Oil Majors for Further Natural Gas Exploration

JERUSALEM—Israel is inviting international oil companies to further explore its offshore waters for natural gas, the country’s energy minister said on Tuesday, as the country tries to become an energy exporter for first time. “We believe that based on the geological data—from our own experts and global companies—that there is still the potential for new discoveries,” Mr. Steinitz told reporters in Jerusalem. Israel, Egypt and other countries have pushed to turn the Mediterranean Sea into a natural-gas powerhouse as energy companies make new finds there. Shell’s head of gas Maarten Wetselaar declined to disclosed if the company had been in any talks with the Israeli government. “We are not in the gas business in Israel and have no immediate plans to explore or produce gas there,” Mr. Wetselaar said in an interview Tuesday. Representatives for Eni, Exxon and Hess didn’t respond immediately to requests for comment. Mr. Steinitz said […]

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