Noble Energy – Oil & Gas 360

Noble Corporation hits $6.7 billion in backlog on Diamond Offshore Drilling acquisition closure

September 6, 2024

World Oil (WO) – Noble Corporation plc announced the completion of its acquisition of Diamond Offshore Drilling, Inc (“Diamond”). This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog. Following completion of the acquisition of Diamond, the Company’s board of directors

Chevron announces fourth quarter 2020 results

January 29, 2021

Oil and Gas 360 Fourth quarter loss of $665 million; adjusted loss of $11 million Annual capital spending down 35 percent Increased 2020 dividend per share for 33rd consecutive year Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share – diluted) for fourth quarter 2020, compared with a loss of $6.6 billion ($(3.51) per

Exclusive: Elliott Management invests in small Guyana oil explorer – sources

November 24, 2020

Reuters NEW YORK/LONDON – Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with the matter said. The deal reflects rising interest in Guyana, a small South American country of 750,000 whose oil discoveries

Chevron bets on Middle East gas riches and reconciliation

October 26, 2020

Reuters HOUSTON/LONDON – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth’s pivot away from home is underpinned by a bet that the Middle East is entering an era of reconciliation that will make it

Noble Energy shareholders approve $4.2 billion sale to Chevron

October 2, 2020

Reuters HOUSTON – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the vote cements

Noble Energy shareholders likely to approve $4.2 billion Chevron deal

October 1, 2020

Reuters HOUSTON – Noble Energy Inc NBL.O shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand. The purchase would boost Chevron’s U.S. shale oil holdings and add nearly 1 billion cubic feet of natural gas reserves close to growing markets.

Proxy advisor ISS recommends Chevron deal to Noble Energy shareholders

September 11, 2020

Reuters NEW YORK – Institutional Shareholder Services (ISS) has recommended that shareholders of Noble Energy Inc vote in favor of the energy producer’s proposed acquisition by Chevron Corp, the proxy advisory firm said in a statement on Friday. Chevron is aiming to purchase Noble Energy for around $5 billion in stock. When the transaction was announced on July 20, it

Proxy adviser Glass Lewis backs Noble Energy sale to Chevron: memo- oil and gas 360

Elliott seeking to break up Noble Energy’s sale to Chevron: Bloomberg reporter

September 9, 2020

Reuters Activist investor Elliott Management is seeking to break up Noble Energy Inc’s $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted here on Wednesday. A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy. In response to the tweet, Braden Reddall, manager, external affairs at

Oilman, former Texas governor candidate Williams dies at 88

February 17, 2020

Houston Chronicle DALLAS (AP) — Clayton Williams, a colorful Texas oilman and philanthropist whose 1990 run for governor was derailed after joking about rape and acknowledging he went a year without paying income taxes, has died. He was 88. Williams died Friday at his home in Midland after struggling with pneumonia, his nephew, Clay Pollard, said Saturday. Pollard said Williams

Noble Energy announces first gas from the Leviathan Field offshore Israel

December 31, 2019

Oil and Gas 360 HOUSTON – Noble Energy, Inc. (NASDAQ: NBL) (“Noble Energy” or the “Company”) announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic day for Noble Energy. The safe and successful

Israel gets first gas from Leviathan with exports to follow

December 31, 2019

Reuters JERUSALEM – Israel’s $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks. Natural gas began flowing from Israel’s largest field despite regulatory delays and court petitions by groups opposing the project raised doubts that its operators would meet their end-of-2019 timeline. However,

Noble about to start up major Leviathan project in IsraelNoble about to start up major Leviathan project in Israel

December 20, 2019

Houston Chronicle Noble Energy is on the verge of starting up the massive Leviathan natural gas project offshore of Israel any day now after a final legal hurdle was cleared Thursday. The $4 billion Leviathan project led by Houston-based Noble is expected to turn Israel into a legitimate energy player in the Middle East for the first time. On Thursday,

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