Increased sales volumes from Israel's 800mn cfd Tamar gas field has provided Houston-based Noble Energy with some good news  after posting a loss of $228mn in the first quarter of this year.

Noble’s main non-US operations are in the Eastern Mediterranean, where it has recently farmed-down its stake in Cyprus’ 5 tcf Aphrodite and sold the 3 tcf Israeli Karish and Tanin fields to its main Israeli partner Delek, all for $238mn.

But the cash-strapped US firm is eyeing...