Update: New Plans in Noble Energy’s Israeli Offshore Oil Projects
Houston-based company Noble Energy Inc. announced plans to sell a portion of its stake in the Israeli offshore oil field, Tamar. The decision is in compliance with a 2016 anti-monopoly decision by Israel's High Court of Justice. Tamar Petroleum Ltd. (TASE: TMRP), headquartered in Israel, will pay $800 million ($560 million in cash) for a 7.5% working interest in the field. Noble remains the operator of the oil project with a 25% working interest in Tamar. The Texas energy fi