Noble Energy

Oil & Gas

Noble Energy boosts production


Noble Energy has continued to increase production and said it plans to sell more oil in the fourth quarter of the year. The rise is higher than previously expected, up from 405,000 barrels to 415,000 barrels of oil equivalent per day.

Other News

Noble Energy launches IPO


Noble Midstream Partners has commenced a public offering of 12.5million units representing limited partner interest in Noble Midstream. The units have been put on a public offering of between $19 and $21.

Other News

Noble Energy makes further job losses from its US operations


Noble Energy is set to reduce its headcount by around 180 positions as it looks to downsize its workforce during the oil price decline. The company said the job losses – which include 60 in Texas – will be from their Houston headquarters as well as the Permian Basin and Eagle Ford area.

Oil & Gas

Noble Group says challenges this year make it a better company


Since February, Noble Group Ltd.’s stock fell more than 60 percent as profits slid with commodity prices, its accounting methods came under attack and its credit outlook went from stable to negative. All this made Asia’s biggest commodities trader a better company, Chief Executive Officer Yusuf Alireza said Tuesday in an interview with Bloomberg Television. “Even the environment that we’ve gone through over the last six months, at the end of it we will be a better firm for it,” he said. While Alireza said Noble faces more scrutiny than rivals that aren’t listed or rated by credit agencies, it wants to continue as a public company because the challenges help it improve, according to Alireza. “As a public company, you have many more stakeholders that are constantly challenging you,” Alireza said. “You have an independent board, you have shareholders, you have bond investors, you have rating agencies, you have analysts that are constantly challenging you to become a better firm.”

Oil & Gas

Israel gas policy heads for approval paving way for Noble Energy


A forum of top Israeli ministers will meet on Thursday to try to break up a regulatory logjam stalling the development of Israel’s biggest natural gas field. Disputes over ownership and pricing have held up the production of gas from the offshore Leviathan gas field, controlled primarily by Houston-based Noble Energy Inc. and Israel’s Delek Group Ltd. Ministers will be asked to declare gas resources a national security issue, overriding the country’s antitrust authority to push ahead a contested natural gas policy.


Noble Energy to reduce US headcount by 220


Noble Energy said it has reduced its headcount by more than 200 positions in the US. The announcement comes just days after EnQuest said up to 146 positions could go following consultation talks regarding a move to a three on, three off shift rotation. The move has seen around 100 jobs go in Houston, with a number of those being from Noble’s headquarters. Staff also affected worked at the company’s offices in Denver, Colorado and Pennsylvania.