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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 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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