Israeli lawmakers approved a framework agreement regulating how Noble Energy and its partners can develop two massive offshore gas fields, but further action may be needed before work on the projects can begin.
With oil prices struggling to rebound to 2014’s highs of $100 per barrel, more exploration and production companies will be on the prowl for deals to fuse together or gobble up competitors, Moody’s said.
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.
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