The Gaza Marine field was discovered in 2000 by British Gas, which had signed a 25-year exploration deal with the Palestinian Authority in 1999 under the Oslo II Accord that gave Palestinians ...

In addition, Israel has enlarged its “security zone,” also called a buffer zone, along Gaza’s borders with Israel and Egypt. The military says the move is meant to prevent a Hamas attack ...

Gaza Marine is dwarfed by another resource, the Meged oil and gas field situated largely under the West Bank. It was found in the 1980s. Production has taken place since 2010.

North Gaza and Gaza City have also seen the most damage to tree crop fields. By September 2024, over 90% of all tree crops in Gaza City had been destroyed, and 73% had been lost in north Gaza.

Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a final deal.

Oil prices have paused their ascent following the outbreak of war between Israel and Hamas as a major Israeli ground offensive inside the Gaza Strip has so far failed to materialize. Brent crude ...

The Israel-Gaza conflict could cause the energy market to “darken quickly” if it further intensifies, ... oil prices have risen only about 6 percent since the Israel-Gaza conflict began, ...

Netanyahu’s October 2023 declaration of war on Gaza is a continuation of Israel’s previous invasion of Gaza in 2014 when at least 2,104 Palestinian were killed, including 1,462 civilians.

The U.S. government says it will help establish a field hospital in Gaza as Israel expands its war against Hamas into the south of the Palestinian territory.

In 2019, then-Secretary of State Mike Pompeo joined talks with Israel and European leaders to ship natural gas from Gaza to Egypt then to Europe. The salient effect of this would be to help get ...