Noble Energy Inc. (NBL)

[Timothy Smith]

Israel's cabinet has approved a regulatory framework that will pave the way for development of the Leviathan natural gas field.

The plan will allow Texas-based Noble Energy (NYSE:NBL) and Israel's Delek Group (OTCPK:DGRLY) to keep ownership of the massive offshore deposit, but will require them to sell off other assets, including stakes in another large field called Tamar.