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AMKBF AP Moller Maersk (PK)

1,587.00
0.00 (0.00%)
Last Updated: 16:00:05
Delayed by 15 minutes
Share Name Share Symbol Market Type
AP Moller Maersk (PK) USOTC:AMKBF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,587.00 1,569.00 1,656.90 0.00 16:00:05

Noble Energy To Sell North Sea Assets To Maersk Oil For $127 Million

30/05/2012 11:38pm

Dow Jones News


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Noble Energy Inc. (NBL) has agreed to sell its stake in certain properties in the United Kingdom's North Sea to Maersk Oil North Sea Ltd. for approximately $127 million, as the oil-and-gas explorer continues to divest its noncore properties.

The sale includes Noble's 30% non-operating working interest in its Dumbarton and Lochranza properties. The company said it also considering the sale of its other North Sea assets.

"The sale of these nonstrategic properties allows us to focus our resources on our five core business units and also strengthens our balance sheet," said Chief Operating Officer David L. Stover.

Last month, Noble Energy Inc. reported its first-quarter profit surged as the company posted stronger sales volume and realized prices for crude oil, as well as far fewer losses related to derivatives.

Shares closed at $84.04 Wednesday and were unchanged after hours. The stock is off 14% over the past three months.

   -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com 

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