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Texas-based Noble Energy is the field's operator.
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Fridman’s $29 billion LetterOne Group plans to hire advisers—most likely from Morgan Stanley—to search for buyers.
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U.S. oil price fell to its lowest point in six years mid-day Monday.
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“Egypt is on the edge of an investment super highway, if it gets things right.”
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The announcement came as a total surprise for Noble Energy, which retaliated by announcing a freeze on investments in Israel, including the further development...
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About a week ago, Glencore announced it was cutting back on its 2015 production, resulting job losses.
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BP holds a 65-percent stake in the project, to Fridman's 35 percent.
Business
X2 Resources—with debt leverage included—could be buying assets valued at $15 to $20 billion.
Business
Ivan Glasenberg is bullish on oil but Glencore's head of oil is less enthusiastic
Business
Bloomberg says Keystone should be approved along with climate change provisions for U.S. and Canada