Newsletter subscribe
Tag: Noble Energy
MEES Chevron

MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover

Posted: July 28, 2020 at 2:52 pm   /   Oil & Gas

US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s 23tcf Leviathan. Just six months after dipping its toe into the East Mediterranean with its first Egypt block, US major […]

No Comments read more
chevron

Chevron agrees to acquire Noble Energy in $13 billion deal

Posted: July 21, 2020 at 3:07 pm   /   Oil & Gas

Chevron has entered an agreement to acquire Noble Energy under an all-stock transaction valued at $13 billion. Noble will add low-cost, proved reserves and attractive undeveloped resources to the group’s upstream portfolio, including low-capital, cash-generating assets offshore Israel, strengthening Chevron’s position in the Eastern Mediterranean. Offshore West Africa, Noble has producing interests in Equatorial Guinea […]

No Comments read more
MEES West Med

MEES: Egypt bags all five Supermajors with key West Mediterranean awards

Posted: July 11, 2020 at 11:32 pm   /   Oil & Gas

Full House: Latest Awards Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP joining Exxon in bagging key frontier West Mediterranean acreage. Cairo moved closer this week to officially announcing the award of at least six offshore blocks located […]

No Comments read more
egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

No Comments read more
Noble-Energy

Egypt signs $430m natural gas deal with Noble Energy at Africa Investment Forum

Posted: November 25, 2019 at 3:18 pm   /   Oil & Gas

Egypt signs energy accords at conference in new capital. Egypt said it had signed several energy accords at a conference in its partially built new capital on Saturday, including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Co’s pipeline. Under the agreement, with financing from the U.S. […]

No Comments read more
EMG

EMG pipeline ownership transferred to Delek, Noble, East Gas consortium

Posted: November 4, 2019 at 10:52 am   /   Oil & Gas

Egypt just cleared a major hurdle to its dream of becoming the premier East Med energy hub – EMG ownership transferred to Delek, Noble and East Gas. Ownership of the East Mediterranean Gas (EMG) subsea pipeline that runs between Egypt and Israel has been transferred to Israel’s Delek Drilling, Texas-based Noble Energy and Egypt’s East […]

No Comments read more
EMG

Noble, Delek, EMG strike $518 million gas pipeline deal

Posted: September 29, 2018 at 12:17 pm   /   Oil & Gas

Noble Energy said it has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. J. Keith Elliott, Noble Energy’s senior vice president, Offshore, stated: “Today’s announcements mark significant steps forward in supplying natural gas from the world-class Tamar and Leviathan fields to regional customers through […]

No Comments read more
EMG

Bloomberg: Delek, Noble said to put final touches on EMG gas deal

Posted: August 11, 2018 at 8:46 pm   /   Oil & Gas

Preliminary deal expected to be signed in no more than a month. Agreement would pave the way to implement $15 billion contract. The companies developing Israel’s largest natural gas fields and their Egyptian partner have finalized details of a deal that would give them control over a pipeline to Egypt, according to people familiar with […]

No Comments read more

Noble, Delek seek to buy rights for EMG gas pipeline for Egypt supply

Posted: March 11, 2018 at 8:21 pm   /   Oil & Gas

The partners in the Tamar and Leviathan natural gas site off Israel’s coast are in talks to buy the rights to use the East Mediterranean Gas (EMG) pipeline to supply gas to customers in Egypt. The partners, Texas-based Noble Energy and Israel’s Delek Drilling, did not provide details. Delek said there was no certainty a […]

No Comments read more

Bloomberg: Egypt's potential gas surplus could feed global LNG glut

Posted: February 24, 2018 at 3:58 pm   /   Oil & Gas

Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal, raising the prospect that the Arab nation may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG. Egypt was already expecting to become self-sufficient in natural gas by the […]

No Comments read more