oil and gas producer Noble Energy Inc said on Tuesday it would sell all its natural gas production assets in the Marcellus shale field for $1.23 billion, as it shifts focus to liquids-rich, higher-margin assets.
Oil and gas companies have been pushing into oil-rich basins such as the Permian in West Texas, in a bid to increase exposure to the low-cost drilling, following a more than two year slump in oil prices.
LONDON/DUBAI OPEC oil output fell for a fourth straight month in April, a Reuters survey found on Tuesday, as top exporter Saudi Arabia kept production below its target while maintenance and unrest cut production in exempt nations Nigeria and Libya.
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