Italy's Edison reportedly in talks to buy two Israeli gas fields

Italy's Edison, the utility owned by Electricite de France (ECIFF), is in talks to buy two Israeli gas fields, which are estimated to hold up to 50B-70B cubic meters combined, from Noble Energy (NBL) and Delek Drilling (DKDRF), Reuters reports.

The U.S. and Israeli companies developing the huge Leviathan natural gas field offshore Israel, and must sell their stake in two smaller fields to avoid being branded a cartel by the anti-trust authority.

Comments (1)
  • User 353732
    , contributor
    Comments (5166) | Send Message
    NBL would do well to concentrate its footprint and redeploy capital to North America. The Israeli finds are a great credit to NBL but it will be several years before they turn into cash flow.
    6 Mar 2014, 01:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs