New development plan presented for approval to Cypriot government is expected to cut costs and bring forward production start of natural gas from the reservoir
Offer values NewMed, a key stakeholder in Israel's Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a 'testament' to Israel-UAE ties
NewMed (formerly Delek Drilling), developer of Leviathan and Tamar gas fields, and Enlight Energy to make push for green energy generation in region, including Saudi Arabia, Oman
Environment Ministry hails victory as judges appear to bury 1970s project with a demand for 'a more modest' version, that will not involve draining sea to create a bigger beach
International energy adviser says deal indicates Israel is 'no longer a taboo' in industry over fear of Arab boycott; still, the energy giant may end up selling the Israeli assets
In first quarter report, Delek Drilling discloses $444.4 million in assets, $84.3 million in profits, a $2 billion deficit, $3.4 billion of loans to repay over next 18 months
Foregoing immediate repayment of NIS 6 billion in loans from Yitzhak Tshuva, whose losses are cutting into Israelis' pensions, two pension and insurance companies offer a lifeline
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