Noble Energy said it has reported a quarterly loss compared with a year earlier after being hit with $2.2billion in charges including asset write downs.
The company said it had been hit with a more than 70% fall in oil prices since 2014.
Noble expects sales volumes to decline in the current quarter due to downtime at its Alba field compression project offshore Equatorial Guinea.
A net loss of $2.03billion was reported for the fourth quarter ending December 31st compared with a net income of $402million in the year previously.
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