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Israel's new rules on natural resources putting off investors

2015-01-07 00:56:06| Oil & Gas - Topix.net

New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up powerful conglomerates that dominate Israel's economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 national election.

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Israel's new rules on natural resources putting off investors

2015-01-07 00:44:32| Energy - Topix.net

New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up powerful conglomerates that dominate Israel's economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 national election.

Tags: resources natural rules putting

 
 

Piedmont Natural Gas plans equity sales as capital projects ramp up

2015-01-05 22:31:55| Energy - Topix.net

Karl Newlin, CFO of Piedmont Natural Gas, says the company will sell up to $170 million worth of equity through 2016. Piedmont Natural Gas plans to sell additional equity and raise debt over the next two years to pay for major capital spending projects and maintain its debt-to-equity ratio.

Tags: up sales natural capital

 

Venezuela blocks Harvest Natural Resources $275 assets sale

2015-01-05 01:00:00| Offshore Technology

Energy firm Harvest Natural Resources has cancelled the $275m sale of its remaining assets in Venezuela after failing to secure approval from the Venezuela Government.

Tags: resources sale natural venezuela

 

'Jordan suspends talks with Israel over $15-billion natural gas deal'

2015-01-04 09:33:51| Oil & Gas - Topix.net

Jordan is reportedly suspending negotiations with Israel over plans to import natural gas. The move comes after anti-trust regulators in Jerusalem last month declared the proprietors' control of the Leviathan gas field in the Mediterranean Sea as monopolistic, the Jordanian daily newspaper Al Ghad is reporting on Sunday.

Tags: natural deal gas israel

 

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