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Israel's Tamar Partners Sign $700 Million Contract With Paz Oil

JERUSALEM -(Dow Jones)- The partners in Israel's offshore Tamar natural gas field said Monday they have signed a supply contract worth $700 million with Paz Oil Co. Ltd. (PZOL.TV). The contract calls for the Tamar partners to supply 3.12 billion cubic meters of natural gas over 15 years to Paz, which operates an oil refinery in Ashdod and filling stations around Israel. Paz said it will use the natural gas to run two power plants for its oil refinery. The main partners in Tamar include Delek Group Ltd. (DLEKG.TV) subsidiaries Avner Oil Exploration (AVNR.L.TV) and Delek Drilling LP (DEDR.L.TV) and Houston-based Noble Energy Inc. (NBL). Tamar is expected to begin production next year. Its partners recently announced that the estimated amount of natural gas in Tamar has been increased to 9.7 trillion cubic feet from 9 trillion cubic feet. The Tamar partners have already signed several supply contracts, including one worth $15 billion with state-owned Israel Electric Co. At 1459 GMT, shares of Paz were up 4.50 shekels ($1.21), or 0.91%, at ILS500.50; shares of Avner were up ILS0.018, or 0.71%, at ILS2.563; and shares of Delek Drilling were up ILS0.07, or 0.50%, at ILS14.21, in a higher Tel Aviv market. -By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com

Stock News for Noble (NBL)
DateTimeHeadline
03/27/201511:22:50Proxy Statement (definitive) (def 14a)
03/26/201507:31:37The United States Shale Boom: The Reasoning For The Low Price...
03/25/201516:38:02Current Report Filing (8-k)
03/18/201506:50:37Dolphinus to buy $1.2B of gas from Tamar field
03/17/201519:40:30EIA: Oil production falling at Eagle Ford, Bakken, Niobrara shale...
03/17/201519:12:39Analysis: ConocoPhillips may withstand oil price disruption better...
03/15/201506:57:31Dividend Challengers (And Near-Challengers): 51 Increases Expected...
03/13/201512:10:58Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/11/201507:49:56Palestine power firm nixes deal to buy Leviathan natural gas
03/10/201514:22:00CONE Midstream Announces 2014 K-1 Tax Package Availability
03/07/201508:25:00Investors again warm to oil stocks, sparking surge in equity...
03/04/201514:15:41Statement of Changes in Beneficial Ownership (4)
03/04/201514:08:34Statement of Changes in Beneficial Ownership (4)
03/03/201515:48:42Current Report Filing (8-k)
03/02/201505:31:08Steel Is At 5-Year Lows - Cramer's Lightning Round (2/27/15)
02/26/201508:20:00Noble Energy Announces Pricing Of Common Stock Offering
02/26/201507:55:26Correction to Headlines Attributed to Consolidated Energy
02/26/201507:00:00CONE Midstream Reports Strong Fourth Quarter Results
02/25/201517:56:16Noble Energy, Plains All American Unveil Equity Offerings
02/25/201516:05:00Noble Energy Announces Common Stock Offering

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