Oil And Gas
Found 4 recent publications
Navitas reaches record quarter and acquires second production facility for the Sea Lion project in the Falklands
The oil and gas exploration partnership Navitas recorded a sharp jump in revenues in the second quarter of 2026, following the start of full production at its flagship project - the Shenandoah reservoir in the Gulf of Mexico. Net profit stood at $77 million, compared to a loss of $56 million in the same quarter last year.
Delek Group: 1 Billion Shekel Revenue and 78.4% Profit Surge
The company concludes a positive quarter with double-digit growth in revenue and net profit, supported primarily by increased sales of natural gas and condensate. CEO Idan Wallace stated: "We continue to strengthen and enhance the group's core assets."
Yitzhak Tshuva in a mega-deal: Energy company acquired for 38.5 million dollars
Significant expansion in energy operations in Canada: InPlay, partially held by Delek Group managed by Idan Walles, acquired a Canadian oil and gas company for tens of millions of dollars. This is another strategic move supporting continued value creation and the expansion of energy activity in North America. Since Delek's investment in InPlay, the stock has jumped by about 50%.
Navitas expands activity in the Gulf of Mexico: acquires one-third of two oil and gas discoveries
Navitas Petroleum is expanding its operations in the Gulf of Mexico, acquiring a 33.33% stake in the Tiberius and Logan oil and gas fields from Kosmos and Occidental. The deal focuses on financing future development projects.