Israel’s advisory Petroleum Council has recommended the country’s energy ministry approve US major Chevron’s $5 billion takeovers of Noble Energy, operator of the Leviathan and Tamar offshore gas fields. In a statement, energy minister Yuval Steinitz said Chevron’s entry into the country’s gas industry was a “huge expression of confidence” in Israel’s energy sector. Chevron and Noble announced the deal in July, and, if completed, it will see Chevron take over as operator of the two giant Israeli gas fields. “The Petroleum Council’s recommendation to approve the entry of Chevron into Israel will make the possibilities of the Israeli energy industry unlimited,” Steinitz said. Gas production from the giant […]