Noble Energy falls as Woodside may back out of partnership

Woodside Energy's (WOPEY.PK, WOPEF.PK) deal to take a 30% stake in Noble's (NBL -2.1%) Leviathan field off the Israeli coast is on the verge of collapse due to NBL's decision to build a pipeline to Turkey instead of developing an LNG plant, as well as the decreased amount of Leviathan gas that will be available for export, Globes reports.

Shares also were downgraded to Neutral from Buy at BAML.

Comments (1)
    , contributor
    Comment (1) | Send Message
    pipeline to Turkey could be more profitable
    30 Jul 2013, 03:48 AM Reply Like
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