After threatening to dramatically cut its Israeli operations, Houston-based Noble Energy, operator of the 10 tcf Tamar and 22 tcf Leviathan fields, appears to have won its dispute with the Antitrust Commissioner.

US firm Noble Energy and its Israeli partner Delek – the two dominant players offshore Israel – look to have come out on top following a standoff with David Gilo, Israel’s Antitrust Commissioner. Five months after Mr Gilo ordered the firms to sell their controlling stakes in either their 22 tcf Leviathan or 10 tcf Tamar fields, a move that led the firms to halt investment, the Israeli authorities appear to have backed down. (CONTINUED - 1463 WORDS)