Keyword: nobleenergy

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  • This Natural Gas Find Could Completely Change the World As We Know It (Israel-Cyprus)

    11/03/2013 2:23:59 PM PST · by haffast · 15 replies
    The Motley Fool ^ | November 3, 2013 | Tyler Crowe
    One thing that makes the energy sector so intriguing is the constant overlap between markets and politics. In many ways, energy security is synonymous with national security, and the supply and demand needs of the oil market can make the most unlikely bedfellows. One country that has been at the center of energy and politics for decades has been Israel. For years the country has been dependent upon foreign energy sources, but a major discovery by Noble Energy (NYSE: NBL ) and its partners has turned this situation on its head. Let's look how this massive natural gas find could...
  • Nobel Wants To Pipe Gas For Domestic Use (Cyprus,Israel)

    10/11/2013 6:16:30 AM PDT · by haffast · 3 replies
    Cyprus Gas News ^ | 11 October 2013 | Elias Hazou
    NOBLE Energy, operators of the Block 12 offshore licence, has reportedly renewed a proposal for piping gas from the Aphrodite well for the purpose of domestic electricity generation. Daily Politis writes that the Houston-based energy company has quoted a delivery price of $9 or $10 per million btus (mmbtu). That’s significantly lower than the price offered by Itera during the ‘interim gas’ tender procedure. Itera’s offer is understood to have been around $15.5 per mmbtu. Politis said the cost of electricity generation – and thus the price of electricity to end-consumers – could on paper drop by 15 to 20...
  • Petrobras gets permit for U.S. deep waters

    03/23/2011 9:59:17 AM PDT · by Lucky9teen · 56 replies
    WASHINGTON, March 18 (UPI) -- Washington has given Petrobras America Inc. permission to start oil and gas production in the Gulf of Mexico, a regulator said. The Bureau of Ocean Energy Management, Regulation and Enforcement gave Petrobras approval to use a floating production storage offloading facility at its Cascade-Chinook project in the Gulf of Mexico. The approval marks the first time FPSO technology will be used in U.S. waters of the Gulf of Mexico. The oil and gas project is about 165 miles off the coast of Louisiana in 8,200 feet of water. The FPSO has a production capacity of...
  • Thanks for Small Favors, President Obama

    03/10/2011 3:14:53 AM PST · by Scanian · 4 replies
    The American Thinker ^ | March 10, 2011 | Jeffrey Folks
    On Feb. 28, just after Interior Secretary Salazar declared that he was not satisfied with Gulf drilling safety standards, President Obama's drilling czar, Michael Bromwich, announced that a permit had been approved to resume deep-water drilling 70 miles off the Louisiana coast. Not a new permit, mind you, but one for a project that had already begun drilling before the Deepwater Horizon accident in April 2010. In the months ahead, Bromwich hinted, there might be more approvals, even approval for a new deep-water well. Maybe so, maybe not. That's the way it works with crony socialism. Just to show how...
  • BP Co-Owns Gulf Well That Got Deepwater Permit

    03/02/2011 9:42:49 AM PST · by jazusamo · 7 replies
    National Legal & Policy Center ^ | March 2, 2011 | Peter Faherty
    Earlier today I accused Interior Secretary Ken Salazar of a "cynical" approach to issuing deepwater drilling permits for the Gulf of Mexico. I did not realize how right I was. According to Kristen Hays of Reuters: BP Plc, whose Macondo well blowout in the Gulf of Mexico caused the worst offshore oil spill in U.S. history last year, co-owns the well that was granted the first deepwater drilling permit since the disaster. BP is Noble Energy Inc's partner in the well, holding a 46.5 percent interest, BP said. Noble operates the Santiago well that received a permit from U.S....
  • Largest natural gas reserve discovered in Israel worth approximately $95 billion

    12/29/2010 5:36:01 PM PST · by Nachum · 40 replies · 9+ views
    haaretz ^ | 12/29/10 | Avi Bar-Eli, Lior Zeno and Yaron Cohen Zemah
    The largest reserve of natural gas, over 16 trillion cubic feet, has been discovered off the coast of Israel, and is estimated to be worth more than $95 billion, U.S. company Noble Energy Inc. announced on Wednesday. Noble Energy owns 39.66% of the prospective discovery, alongside Israeli partners Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP (22.67% each), and Ratio Oil Exploration (1992) LP with 15%. The reserve, Leviathon, is the largest amount of natural gas discovered in the world in the last decade and is located in approximately 5,400 feet (1,645 meters) of water,...
  • The New Big Oil and Gas Find (Israel)

    09/16/2010 4:46:11 AM PDT · by Perseverando · 28 replies
    Forbes Magazine ^ | September 27, 2010 | Christopher Helman
    Israel's offshore oil and gas fields could mean decades of self-sufficiency, and big profits for Noble Energy and its billionaire partner. All big oil and gas fields have geopolitical significance, but in recent years we haven't seen one with the potential to matter more than Leviathan--a prospect off the coast of northern Israel. Noble Energy in Houston will begin drilling a $150 million well into Leviathan in October. Noble's partners on the well, subsidiaries of billionaire Yitzhak Tshuva's Delek Group, announced in late August that Leviathan is estimated to contain 16 trillion cubic feet of easily recoverable gas, while its...