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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, [email protected]

Stock News for Noble (NBL)
DateTimeHeadline
02/24/201716:34:31Current Report Filing (8-k)
02/23/201706:30:00Noble Energy Sanctions Leviathan Project Offshore Israel
02/16/201706:45:00CONE Midstream Reports Fourth Quarter and Full Year 2016 Results...
02/14/201711:44:42Amended Statement of Ownership (sc 13g/a)
02/14/201710:55:29Statement of Ownership (sc 13g)
02/14/201710:49:49Annual Report (10-k)
02/13/201718:09:00Noble Energy's Loss Narrows
02/13/201717:31:22Amended Statement of Ownership (sc 13g/a)
02/13/201717:08:42Amended Statement of Ownership (sc 13g/a)
02/13/201716:49:01Current Report Filing (8-k)
02/13/201716:35:00Noble Energy Provides Detailed 2017 Outlook and Guidance
02/13/201716:30:00Noble Energy Announces Fourth Quarter And Year-End 2016 Results
02/10/201713:01:24Amended Statement of Ownership (sc 13g/a)
02/08/201706:02:30Statement of Ownership (sc 13g)
02/07/201716:41:12Statement of Changes in Beneficial Ownership (4)
02/03/201716:15:00Noble Energy to Present at Upcoming Energy Conference
02/02/201717:07:06Statement of Changes in Beneficial Ownership (4)
02/02/201717:06:14Statement of Changes in Beneficial Ownership (4)
02/02/201717:05:22Statement of Changes in Beneficial Ownership (4)
02/02/201717:03:37Statement of Changes in Beneficial Ownership (4)

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