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Stock Market & Financial Investment News

News Breaks
February 19, 2014
08:14 EDTNBLNoble Energy agrees to sell Tamar gas to multiple customers in Jordan
Noble Energy announced the signing of a gas sales agreement between NBL Eastern Mediterranean Marketing, the Arab Potash Company, and the Jordan Bromine Company, both of which are located in Amman, Jordan. Under terms of the agreement, Noble Energy will supply natural gas from the Tamar field, offshore Israel, to Arab Potash and Jordan Bromine for use in their facilities near the Dead Sea. Natural gas sales are anticipated to commence in 2016, once minimal required pipeline infrastructure has been completed. The agreement is for an initial term of 15 years and a total gross contract quantity of approximately 66 billion cubic feet of natural gas. The price for the natural gas sold will be based on a floor price of at least $6.50 per thousand cubic feet of natural gas with upside linked to Brent crude oil prices. Gross revenues are estimated at $500M, with actual sales dependent on final purchased quantities and oil prices at the time of sale. Finalization of the purchase and sales agreement is subject to necessary and customary conditions and regulatory approvals.
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August 31, 2015
08:19 EDTNBLDelek Group, Noble Energy slip after Eni 'supergiant' gas find
The shares of Israel-based holding and management company Delek Group (DGRLY) plunged in Tel Aviv trading after Italy's Eni SpA (E) announced over the weekend that it has made a "world class supergiant" gas discovery at its Zohr prospect, in the deep waters of Egypt. According to the well and seismic information available, the discovery could hold a potential of 30T cubic feet of lean gas in place, or 5.5B barrels of oil equivalent, Eni stated. The development of the Leviathan field, estimated by Delek to have 21.9T cubic feet of natural gas, has been stalled by the Israeli government. Noble Energy (NBL) has been developing gas fields in Israel with plans to export the fuel to Egypt and other nations in the region. Shares of Delek Group trading in New York closed at $26.17 on Friday. Noble Energy shares, which closed at $34.53 on Friday, were down about 2.7% top $33.60 in pre-market trading.
August 24, 2015
07:19 EDTNBLNoble Energy downgraded to Neutral from Buy at BofA/Merrill
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August 20, 2015
06:50 EDTNBLNoble Energy volatility increases as WTI oil approaches $40
Noble Energy August call option implied volatility is at 45, September is at 41; compared to its 52-week range of 19 to 55 suggesting large price movement.

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