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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:36 EDTNBLNoble Energy announces letter of intent for Leviathan export
Noble Energy announced the execution of a non-binding Letter of Intent between the Leviathan field partners and BG International Limited for the supply of natural gas from the Leviathan field, offshore Israel, to BG's existing natural gas liquefaction facilities in Egypt. The LOI contemplates a total gross sales quantity of up to 3.75T cubic feet of natural gas over a 15-year period, or the equivalent of approximately 700M cubic feet per day over the term. Delivery of the natural gas to BG is expected at the outlet of the Leviathan floating, production, storage, and offloading vessel, with planned connection to the LNG facilities by way of subsea pipeline. A final gas purchase and sales agreement is to be negotiated and will be subject to the receipt of regulatory approvals in Israel and Egypt.
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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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