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Tamar Partners Sign $1.2 billion Contract With Private Power Firms

JERUSALEM -(Dow Jones)- U.S. energy company Noble Energy Inc. ((NBL.NYSE) and its local partners said Tuesday they signed a contract worth $1.2 billion to supply natural gas from Israel's offshore Tamar field to two private energy companies. The Israeli power companies Ramat Energy Negev Ltd. and Ashdod Energy Ltd., which both run private power stations, will be provided with natural gas from the Tamar partners for 16 years, beginning in 2014, according to the deal. This contract follows a $5 billion agreement signed Monday in which the Tamar partners will provide private company Dalia Power Energies Ltd. with natural gas for 17 years. The Tamar field is estimated to contain up to 9 trillion cubic feet of natural gas and is expected to begin production at the end of this year. Noble Energy owns 36% of Tamar; Delek Group Ltd. (DLEKG.TV) subsidiaries Avner Oil and Gas Exploration Ltd. Partnership (AVNRL.TV) and Delek Drilling Ltd. Partnership (DEDR.TV) each own 15.6%; and Isramco Negev 2 Ltd. Partnership (ISRAL.TV) owns 28.7%. At 1138GMT, shares of Avner were up 0.102 shekels, or 3.93%, at ILS2.69 ($0.70); shares of Delek Drilling were up ILS0.49, or 3.30%, at ILS15.34; and shares of Isramco were up ILS0.008, or 1.62%, at ILS0.50, in a higher Tel Aviv market. -By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com

Stock News for Noble (NBL)
DateTimeHeadline
12/02/201618:00:47Statement of Changes in Beneficial Ownership (4)
12/02/201617:59:53Statement of Changes in Beneficial Ownership (4)
12/02/201617:57:38Statement of Changes in Beneficial Ownership (4)
12/02/201617:53:45Statement of Changes in Beneficial Ownership (4)
12/02/201617:51:18Statement of Changes in Beneficial Ownership (4)
11/18/201616:15:00Noble Energy to Present at Upcoming Energy Conference
11/16/201607:52:39Current Report Filing (8-k)
11/16/201607:00:00Noble Energy Provides Long-term Outlook and Highlights U.S. Onshore...
11/16/201606:01:00Cone Gathering LLC Sells Additional Interest in Pipeline and...
11/16/201606:00:00CONE Midstream to Acquire Remaining 25% Additional Interest in...
11/04/201606:45:00CONE Midstream Reports Third Quarter Results and Increases Guidance
11/03/201616:15:10Statement of Changes in Beneficial Ownership (4)
11/02/201611:18:20Quarterly Report (10-q)
11/01/201617:21:04Current Report Filing (8-k)
11/01/201616:38:29Noble Energy Announces Strong Outperformance With Third Quarter...
11/01/201616:10:13Statement of Changes in Beneficial Ownership (4)
10/31/201606:49:00CONE Midstream Anticipates Continued Growth Following Separation...
10/31/201606:45:00CONSOL Energy and Noble Energy, Inc. Announce Agreement to Separate...
10/26/201617:00:00CONE Midstream Increases Quarterly Cash Distribution
10/26/201608:42:34Noble Energy To Host Investor Event on November 16th

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