web analytics
May 30, 2015 / 12 Sivan, 5775
At a Glance
News & Views
Sponsored Post


More Offshore Gas and Oil Found

A new oil and gas field has been found just 50 kilometers off the shores of Tel Aviv, Globes reported today.

Its estimated that the “Oz” field has between 93 to 607 million barrels of oil, and 2.5 trillion cubic feet (TCF) of gas. The Oz license covers a 400 square kilometer area.

The Leviathan field has 19 TCF of gas, and the Tamar has 9 TFC. Israel has found around 30 TCF of gas so far.

According to Israel’s Ministry of National infrastructure, Energy and Water Resources, Israel consumes between 5-8 billion cubic meters (not feet) of gas per year.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

11 Responses to “More Offshore Gas and Oil Found”

  1. Good,,good good!! And VERY GOOD !!!!!

  2. Jo Naylor says:

    I love you Israel and the Jewish people. You are in my prayer's continually, I Am a WATCHMAN, ON the walls of Jerusalem, and praying and sounding the alarm as Holy Spirit gives Wisdom & Discernment. Shalom, Shalom!

  3. Little Joe says:

    the spoils that will draw in Gog….Ps83 and Ez38 are brewing

  4. Lize Bartsch says:

    Hope we can soon buy cheaper Israeli oil, its becoming so expensive to drive!!!

  5. Frank Reina says:

    Say what. Jacob was right

  6. ITS COME FROM GOD!! AMEN

  7. Anonymous says:

    For some perspective, 30 trillion cubic feet of natural gas is about #25 in the world and around the same amount as Oman, Azerbijan, and Pakistan which are all considered major energy producers. If you stop to consider that Pakistan has over 182 million people to service domestically, Israel has a massive amount of the gas not just in absolute terms but more per capita than places like the UK and India which means it will have a dramatically positive effect on GDP.
    Also, the estimate 255 million in Oz the gas field barrels of oil is fully 2 full years of Israeli domestic consumption assuming it is extractable of course. Leviathan has at least 600 million barrels of oils, and Tamar has a number in between Oz and Leviathan. The fact that less than 1/3 of Israel's territorial waters have been explored and the Shefela basin south of Jerusalem is sitting on more than 100 billion barrels of shale oil should give one cause for long term optimism. Just don't give away the game when you have a winning hand. Don't bow to the enviro-idiots who argue petroleum production is immoral somehow and would prefer Israel use inefficient, subsidized, expensive, unreliable solar and wind power in an effort to de-industrialize the nation. The notion that energy-producing economies are really cursed is utter nonsense as well. It is true when you give badly educated Arab tribemen oil and NG, they remain primitive savages. No one can say oil and natural gas production has been disastrous for Canada or Norway or the US.

  8. OUR LORD BLESSES US WITH THESE GIFT FOR THE BETTER OF OUR PEOPLE AND ALSO AS A GIFT TO THOSE WHO ALSO BLESS US…AND NOT THE ONES THAT CURSE US.

  9. Simcha Baker says:

    Oil and natural gas is only found by drilling! This is only a PRE-DRILL estimate based on geological suppositions that have not been proven. This is a potential prospect that may or may not have accumulations of hydrocarbons. Only when and if hydrocarbons are eventually discovered by drilling a well, can one legitimately discuss the 'finding of a new petroleum field'.
    We are all excited about additional potential, but let us not put the 'field' before the 'discovery well'.

Comments are closed.

Current Top Story
Texas Republican Sen. Ted Cruz.
Ted Cruz Calls for Financial Boycott of Universities Backing BDS Israel
Latest News Stories
PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

FIFA’s Palestinian Authority soccer chief dropped the ball on his own head.

The IDF’s annual exercise “Turning Point 15″ will begin Sunday to help it evaluate various warning alert systems and public preparedness in emergency situations. The Home Front Command, Defense Ministry, the Air Force, Navy and other security forces and local authorities will participate in the week-long exercises. On Tuesday, sirens will sound throughout the country […]

The snake that Palestinian Arabs prepared for the IDF and Border Police.

It’s kind of strange that the new weapon is being used by those who call Jews “snakes.”

Rabbi David Kaduri.

The son of the late Rabbi Yitzchak Kaduri is fighting for his life.

Cruz said everything the GOP’s Sheldon Big Bucks Adelson wanted to hear, but wouldn’t it be better to let BDS die from lack brain disease?

Israel praises FIFA for avoiding what Israel’s deputy foreign minister Tzipi Hotovely called an “absurd situation.”

FIFA Pres. Sepp Blatter, 79, was re-elected to a fifth term heading the world soccer federation, despite bribery allegations.

At the last minute before the proposal was to go to vote, Rajoub submitted an amendment that would cancel the bid to suspend Israel.

Zurich police have confirmed there was a bomb threat to blow up the FIFA congress, but they have since allowed the annual convention to continue following a search.

Israeli Consul General refutes UJA president’s claim that government insists NIF march in Celebrate Israel parade.

They stopped Blatter from speaking, waved PA flags and demanded “Israel out.”

Reishit HaGez is the giving to the Kohen the first cuttings of the fleece of sheep grown in the Land of Israel (based on Deut. 18:4: “You are to give them the first fruits of your grain, new wine and olive oil, and the first wool from the shearing of your sheep.”). Most Jews cannot […]

Postal officials refuse mailmen’s request to be relieved of the job to deliver Baptist cult material that may be illegal.

Final steps are underway for building the City of David’s “Kedem” visitor’s center in Jerusalem that will sit on top of the “Givati Parking Lot” excavation just outside of the Old City of Jerusalem’s walls. The visitor’s center will serve as an entryway to the Jerusalem Walls National Park, which includes the City of David […]

The Orthodox Union, B’nai Brith and the Houston Federation are pitching in.

Massachusetts Gov. Charlie Baker declared Sunday, May 31 as “Celebrate Israel Day,” when thousands of Israeli Americans, Jews and supporters of Israel are to attend the Celebrate Israel Boston Festival sponsored by the Combined Jewish Philanthropies and the Israeli-American Council Boston Chapter. Gov. Baker noted that Israel remains “a tremendous partner, economically and culturally,” to […]

More Articles from Jewish Press News Briefs

The IDF’s annual exercise “Turning Point 15″ will begin Sunday to help it evaluate various warning alert systems and public preparedness in emergency situations. The Home Front Command, Defense Ministry, the Air Force, Navy and other security forces and local authorities will participate in the week-long exercises. On Tuesday, sirens will sound throughout the country […]

PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

At the last minute before the proposal was to go to vote, Rajoub submitted an amendment that would cancel the bid to suspend Israel.

Zurich police have confirmed there was a bomb threat to blow up the FIFA congress, but they have since allowed the annual convention to continue following a search.

Massachusetts Gov. Charlie Baker declared Sunday, May 31 as “Celebrate Israel Day,” when thousands of Israeli Americans, Jews and supporters of Israel are to attend the Celebrate Israel Boston Festival sponsored by the Combined Jewish Philanthropies and the Israeli-American Council Boston Chapter. Gov. Baker noted that Israel remains “a tremendous partner, economically and culturally,” to […]

At least a dozen people are reported to have been killed in the attack, and another 30 wounded.

They’re just rackng up the Iranian generals….

The Nusra front now controls all the cities in the province, which shares a border with Turkey.

Another surgery is needed. Please daven for Aryeh ben Rina.

Printed from: http://www.jewishpress.com/news/breaking-news/more-offshore-gas-and-oil-found/2014/04/27/

Scan this QR code to visit this page online: