Deal for stake in Israel's Leviathan gas field on hold

|By:, SA News Editor

Woodside Petroleum (WOPEF, WOPEY) has delayed signing an expected agreement to partner with Noble Energy (NBL +1.8%) and take up to a $2.7B stake in Israel's Leviathan gas field, reportedly balking at a push by the Israeli government to cut the potential share of profits from liquefied natural gas exports to Asia.

RBC Capital still sees a good chance that the deal will get done, adding that preliminary guidelines released by Israeli regulators for Leviathan are in-line with its previous expectations; the firm keeps an Outperform rating on NBL.