Noble Piles Pressure On Israeli Authorities In Monopoly Case

Houston-based Noble Energy looks set to continue its feud with the Israeli authorities by laying off personnel in light of the delay to the huge 22 tcf Leviathan field. It is also relinquishing its Ruth C offshore concession.

With Israel’s Antitrust Commissioner planning later this month to deliver a final verdict on whether Noble Energy and its Israeli partner Delek will have to sell their stakes in either the 10 tcf Tamar natural gas field or the 22 tcf Leviathan, the Houston-based firm appears to be piling the pressure on the Israeli authorities.

In February Noble announced it was putting a freeze on its Israeli operations and had filed a court case against the Israeli government regarding the overpayment of gas royalties from its Tamar field (MEES, 20 March). (CONTINUED - 1123 WORDS)