With the WTI oil price at $15/bbl it does not make sense sell oil below cost. Selling oil in this low price environment lowers the NPV of the company since there is only a given amount of oil that Noble owns. The only reason to continuing producing oil is to pay the bills. Maybe Noble should declare force majure on its $6 billion in debt.
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Any news about layoffs this week at Fieldwood Energy? Several people let go.
I’m incredulous that DS and his boys are still employed
It's a ghost ship manned by sycophants previously fueled by cheap credit and a lot of hot air.
Welcome to the future of way too much oil for the foreseeable future. Few workers will be needed to produce incremental barrels in the US of A.
I’m incredulous that certain departments are still employed.