Israel's Delek Group wins exploration tender offshore Canada
- Wall St. stock futures fall after Italy referendum
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying
- Consolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
- Burberry rejects multiple takeover offers from Coach: Financial Times
- Trump picks ex-rival Carson to head housing department
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
JERUSALEM (Reuters) - Israeli energy conglomerate Delek Group
Delek will own 70 percent of the venture and Navitas the rest. The partners have committed to invest C$48 million ($36 million).
The exploration rights, the company said, are for Block 7, which covers an area of 2,000 square kilometers (772 square miles) in water 1,400 meters (1,500 yards) deep. The exploration target is estimated to be 4,500 meters beneath sea level.
($1 = 1.3480 Canadian dollars)
(Reporting by Ari Rabinovitch)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Libyan forces take control of Islamic State holdouts in Sirte: spokesman
- Trump advisors aim to privatize oil-rich Indian reservations
- France's Sapin sees no euro risk from Italy
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!