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Regulators found the Houston-based company’s oil storage tanks were emitting thousands of tons of volatile organic chemicals a year because of undersized vapor control systems.
The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.
Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.
The Intelligencer and Wheeling News-Register reports that Norway-based Statoil plans to drill on about 474 acres of state-owned land under the river in Marshall and Wetzel counties.
Wall Street investors in the past two months have pumped $7.75 billion into 16 separate stock-market equity fund-raises for oil companies like Noble Energy, Newfield Exploration, Encana Corp. and Oasis Petroleum, according to Tudor, Pickering, Holt & Co. and Credit Suisse.
For the biggest explorers, the impacts of slumping prices are dramatic.
West Texas Intermediate crude, the U.S. benchmark, dropped about 50 percent since June amid a worldwide glut.
The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.
Noble Energy said it hit a sales volume record while prices remained high, though the company missed analysts’ expected earnings per share.