Noble Energy selling Tamar stake for $800 million
Houston's Noble Energy said it will sell a 7.5 percent stake in its large Tamar gas field offshore of Israel in the Mediterranean for $800 million.
Noble Energy
Noble Energy partners enters into agreement to negotiate on UK pipelines
Noble Energy Partners has entered into an agreement with PLS Advisory Servicesto evaluate and negotiate mid-stream oil and natural gas pipeline assets in the United Kingdom.
Noble Energy to cut 60 jobs, mostly in Houston
Noble Energy will reduce its headcount by up to 60 jobs.
Cypriots buy into Israeli offshore gas fields
Israel’s monopoly watchdog has forced energy firm Delek Group and its partner, Noble Energy, to sell their interests in two gas fields in the Mediterranean amid competition concerns.
Noble Energy raises full-year forecast for sales volume
Noble Energy said it made a smaller than expected quarterly loss as it raised its full-year forecast for total sales volume.
Noble Energy starts production from Gunflint
Noble Energy said it has commenced production at its Gunflint development in the deepwater Gulf of Mexico.
Drillers can’t replace lost output as $100 oil inheritance is spent
A wave of projects approved at the start of the decade, when oil traded near $100 a barrel, have bolstered output for many producers, keeping cash flowing even as prices plummeted.
Noble Group CEO says banks behind it as agri deal approved
Noble Group Ltd.pushed on with efforts to bolster investor confidence in the region’s top commodity trader by securing shareholders’ approval to sell the company’s stake in its agricultural unit and saying that its banks are still behind it.
Noble group chairman Elman increases holding as shares sink
Noble Group Ltd. Chairman Richard Elman stepped up his defense of the commodity trader that he founded by boosting his stake after the stock sank to the lowest since 2008, the company’s credit rating was cut to junk and analysts scaled back price targets.
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.
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.
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.
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.”
UK Government warns Argentina about “unlawful” seizure of oil firms’ assets
Any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkands will have no basis in law, the UK Government has said.
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.