ADVFN - Advanced Financial Network.
HOME» NYSE » N » NBL Stock Price » NBL Stock News

Noble Share News

 Noble Energy, Inc. Stock Price
NBL Stock Price
 Noble Energy, Inc. Stock Chart
NBL Stock Chart
 Noble Energy, Inc. Stock News
NBL Stock News
 Noble Energy, Inc. Company Information
NBL Company Information
 Noble Energy, Inc. Stock Trades
NBL Stock Trades

Noble Energy: To Increase Oil Production 40% In 2012

HOUSTON -(Dow Jones)- Noble Energy, Inc. (NBL) plans to raise its oil output by 40% in 2012 as several long-awaited projects come on-line, Chief Executive Charles Davidson said Thursday. Drilling activity in the Niobrara basin in the mid-continental U.S., as well as output from the Galapagos project in the U.S. Gulf of Mexico will greatly contribute to the ramp-up in hydrocarbon liquids, Davison said in an earnings conference call. Noble Energy is in the midst of a major expansion, as several of its discoveries are scheduled to start production in the next few years. Davidson says that production, cash flow and reserves will grow at double-digit rates over the next five years. "2012 is certainly the year I've been waiting for," he said. Natural gas prices, however, are leading to reduced investment in the Marcellus shale. The company has reduced its net investment in the Marcellus by $250 million, Davidson added. The company, which has struck a series of exploration successes in the eastern Mediterranean, in December announced a new discovery off Cyprus. The company owns 70% of that project, but it remains open to selling down its stake to bring in an additional investor. "There might be opportunities to accommodate along with our partners an additional partner," Davidson said. "We are open to all options to try to accelerate value here." - By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

Stock News for Noble (NBL)
DateTimeHeadline
10/19/201419:05:11Partners in Israel's Tamar Field Sign MOU to Supply Gas to Private...
07/13/201405:53:15Estimated Reserves in Israel's Leviathan Gas Field Raised
07/03/201405:37:08CNPC in Talks to Buy Dalian Oil-Refinery Stake
06/04/201405:30:15Rockhopper Exploration: Premier Contracts Drilling Unit
06/04/201405:12:49Falkland Oil and Gas Signs Rig Contract For 6-Well Drill Program
05/21/201403:03:44Woodside Terminates Leviathan Deal--Update
05/06/201417:41:12Israeli Offshore Natural Gas Is Headed to Egypt
04/15/201409:30:42Noble Energy CEO Davidson to Retire in 2015
03/12/201411:41:42Israel's Tamar Field Signs Second Domestic Gas Supply Deal This...
02/21/201401:59:43Noble Plans China Oil-Field Stake Sale -- Update
02/06/201421:10:04Woodside Says Terms of Leviathan Agreement Changed
02/06/201418:31:30Noble Energy Signs Pact to Sell Offshore Licenses to Woodside
02/06/201412:25:48U.S. Hot Stocks: Hot Stocks to Watch
12/18/201310:19:34Israeli Firms Distance Themselves From Noble Energy's Oil Field...
12/17/201309:44:12Noble Energy Sees $4.8 Billion in Capital Spending Next Year
12/10/201308:39:05Dominion to Lease Marcellus Rights to Consolidated in West Virginia
12/04/201309:42:13Noble Energy Unveils Two Exploration Discoveries
12/02/201308:08:13Israel's Givot Olam Halts Drilling at Meged field
11/28/201308:09:38Increased Natural Gas Production Fails to Boost Delek Group's...
11/26/201304:14:09Israel's Tamar Gas Partners Say Signs of Petroleum in Nearby...

Noble Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad