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Stock Market & Financial Investment News

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March 4, 2014
14:00 EDTNBL, WOPEYIsraeli tax levy on Leviathan field could endanger Woodside deal, Globes says
Israel's Finance Ministry will recommend that the country's government levy a higher tax on gas exports than sought by Australian energy company Woodside (WOPEY), according to Globes. Woodside has tentatively agreed to buy a 25% stake in Israel's Leviathan gas field, but the company's CEO told an Australian newspaper that the deal could collapse, Globes stated. Israeli Prime Minister Benjamin Netanyahu could still intervene on the tax issue, Globes added. Noble Energy (NBL) has a 39.66% stake in Leviathan. Its stake is expected to drop to 30% if the deal with Woodside is completed. Reference Link
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August 15, 2014
10:10 EDTNBLNoble Energy announces Bright exploration results in Gulf of Mexico
Noble Energy announced that the Bright exploration well in the deepwater Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter hydrocarbons. Drilled to a total depth of 13,500 feet on Atwater Valley 362, the well has been plugged and abandoned. Full well assessment and the integration of drilling results into the Company's geologic models is ongoing to determine forward exploration plans on the recently acquired Atwater Valley acreage. BP Exploration & Production operated the well with 50% working interest and Noble Energy had the remaining 50%. The company expects third quarter 2014 exploration expense to remain within guidance of $150M-$250M.

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