Big Gas Find Sparks a Frenzy in Israel (updated on Friday, 31 December, 2010 - 11:38am)
By CHARLES LEVINSON And GUY CHAZAN
TEL AVIV—Two years ago, Ratio Oil Exploration LP, an energy firm here, employed five people and was worth about half a million dollars.
Operations in Noble Energy's Leviathan gas field, the world's biggest deepwater gas find in a decade.
Today it sits at the center of a gas bonanza that has investors, international oil companies, Israeli politicians and even Hezbollah, Israel's sworn enemy, clamoring for a piece of the action.