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Noble Energy, Inc. (NBL)

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  • Jan. 1, 2014, 4:38 AM
    • The group that is drilling for gas at the huge Leviathan field off the coast of Israel is in "advanced negotiations" with the government to sell two smaller reserves in order to assuage antitrust concerns.
    • The consortium comprises Noble Energy (NBL) and Delek Group (DGRLY) units Delek Drilling (DKDRF) and Avner Oil & Gas (AVOGF).
    • The areas under discussion, called Tanin and Karish, hold combined estimated reserves of 3T cubic feet, well below the consortium's other resources - Leviathan has 19T cf and Tamar 10T cf.
    • Once an agreement is reached, the group will have a reported 2.5-4 years to sell the assets.
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  • Dec. 3, 2012, 5:17 AM
    Australia's Woodside Petroleum (WOPEF.PK) agrees to acquire a 30% stake in Israel's massive Leviathan offshore gas field from the operators of the reserve, which include Noble Energy (NBL) and Delek Drilling (DKDRF.OB). Woodside will pay an initial $696M and as much as $550M once certain conditions are met, as well as revenue-sharing money of up to $1B a year. Noble's stake will fall to 30% from 39.66%. (PR)
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  • Sep. 9, 2012, 5:50 AM
    The consortium that develops the Leviathan natural gas field off Israel's coast, in which Noble Energy (NBL) and Delek (DK) own large holdings, is considering offers from "leading international companies" to sell up to 30% rights to the field. Leviathan has estimated reserves of 17T cubic feet of gas, with the group hoping to find 600M barrels of oil as well.
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  • Jul. 11, 2012, 10:34 AM
    Noble Energy (NBL +1.8%) is selling 900 Oklahoma and Texas wells producing natural gas and (to a lesser extent) oil to Unit Corp. for $617M in cash. Noble says the sale is part of its asset divestiture program (previous), and will help finance both its international expansion, and its oil investments in Denver Basin.
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Company Description
Noble Energy Inc is an independent energy company. The Company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production.