Noble sells down its working interest in Tamar field as part of Israel’s approved natural gas regulatory framework Noble Energy (ticker: NBL) announced the sale of a 3% working interest in the Tamar field offshore Israel today for $369 million, which gives Tamar a gross pre-tax valuation of approximately $12 billion. Noble sold the working interest in the project to
The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry at the courthouse, new deals were announced. Synergy Resources (ticker: SYRG) announced a deal with Noble Energy (ticker: NBL) this week in which Synergy will acquire
CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how you slice it. Plans for 2016 are trickling out ahead of Q4’15 earnings season, and some of the biggest names
Noble Energy sites weak markets Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the ticker NBLX. According to Noble, the company made the decision “as a result of unfavorable equity market conditions.” Noble said
Noble Energy Eyes Growing Gas Market Eastern Asia is generating plenty of interest for its future natural gas needs, but Noble Energy (ticker: NBL) believes its own substantial opportunity lies below the sea floor of the Eastern Mediterranean. Noble has received its fair share of government and media interest in Israel’s Leviathan Field; the project has been called a “monopoly,”
Noble plans to form an MLP out of its midstream assets in the DJ Basin Houston-based Noble Energy (ticker: NBL) announced today that its wholly owned subsidiary Noble Midstream Partners has filed with the U.S. Securities and Exchange Commission (SEC) to perform an initial public offering of common units for a master limited partnership formed from the company’s DJ Basin
Natural gas remains a hot topic in Israel The chairman of the Israeli Parliament’s Finance Committee, Eitan Cabel, said that Economy Minister Aryeh Deri has agreed to sign off on a proposed natural gas plan, but only if it is approved by the wider parliament. Earlier this month, Deri said that the development of natural gas is a problem that
We’re determined to get the gas out: Netanyahu The Israeli Finance Ministry will adhere to demands from Noble Energy (ticker: NBL) and Delek to increase the price of gas from its offshore operations near the country. The two large exploration and production companies have been at odds with the government regarding resource prices and the monopolization of certain projects. The agreement from
Noble Energy and Delek Group announce the commercial viability of their Cyprus project Israel’s Delek Group (ticker: DLEKG) and Texas based Noble Energy (ticker: NBL) announced the commercial viability of their natural gas project offshore Cyprus, according to a release from Delek. The joint venture’s plan calls for 8 billion cubic meters (Bcm) of natural gas production per year and
“Keeping the Financial Firepower” Noble Energy (ticker: NBL) is a large-cap exploration and production company with oil and gas operations worldwide, but the Houston-based company previously held no assets in Texas. Until now. On May 11, 2015, Noble Energy announced the all-stock acquisition of Rosetta Resources (ticker: ROSE) for $3.9 billion, including ROSE’s $1.8 billion in debt. In turn, Noble
