Delek targets London listing
The company is looking to establish a newco on the LSE, while also divesting its Tamar stake
Israeli producer Delek Drilling filed a request in early December to list a new company on the London Stock Exchange (LSE) in a move built upon buoyant investor interest in its giant Leviathan gas field and the broader East Mediterranean gas play. The move comes as the company has 12 months to reduce to zero its 22pc working interest in the Tamar gas field in order to comply with local anti-monopoly regulations. Delek Drilling’s other assets comprise a 45pc stake in the Leviathan gas field, 30pc of Cyprus’ 3.5tn ft³ Aphrodite gas field, a stake in the EMG pipeline, as well as the New Ofek and New Yahel licences onshore Israel. It will also receive royalties from the Israeli Karish and Tanin
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
