24 April 2024
Noble Energy increases spending to $5 billion/year for the next five years
Publication date: 17 November 2011
Gas Strategies Group
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Noble Energy has announced plans to raise spending to $5 billion/year for the next five years – up from its current $3 billion/year, citing recent oil and gas exploration discoveries as the reason for the increase. Noble has earmarked extra spending for the US Marcellus shale play and the Leviathan prospect, offshore Israel.