The Israeli government awarded a local subsidiary of U.S.-based Genie Energy the rights to explore for oil and natural gas in about 150 square miles of the southern section of the Golan Heights. The United Nations last year extended the mandate for the region's U.N. Disengagement Observer Force mission, one of the oldest peacekeeping missions, for another six months.
U.N. Secretary-General Ban Ki-moon said keeping Blue Helmets stationed in the area was essential to peace given the potential for conflict spilling out of the Syrian civil war. Genie Energy said there may be a significant amount of oil and natural gas in the license area. When Israel set its sights on offshore natural gas, Hezbollah warned that Israel shouldn't encroach on Lebanese territory.
Energy Glance
An unmanned mobile oil drilling rig owned by Royal Dutch Shell is adrift -- again -- south of Kodiak Island after it lost towlines Sunday afternoon from two vessels trying to hold it in place against what have been pummeling winds and high seas, according to incident management leaders.
The International Energy Agency (IEA) says that coal will catch up with oil as the world's leading energy source by 2022. In a report, the Agency says that increased demand from India and China are fuelling the push.
U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer.





























