Deals
Israel's Delek Buys Chevron's U.K. Oil Fields for $2 Billion
- Deal is part of strategy to expand beyond domestic market
- Package of assets includes Alba, Alder and Erskine fields
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Delek Group Ltd., the energy company controlled by Israeli billionaire Yitzhak Tshuva, agreed to buy North Sea oil and gas fields from Chevron Corp. for about $2 billion, the latest deal in a region where smaller players are becoming increasingly prominent.