Noble Corp Stock Price, News & Analysis

Noble Corporation (NYSE: NE) released a new investor presentation and updated its drilling rig status and contract information as of June 23, 2021. Both documents are accessible under the 'Investor' section on the company's website. Noble Corporation is a prominent offshore drilling contractor with a fleet of 24 drilling units, including drillships and jackups, focusing on ultra-deepwater and high-specification drilling opportunities. The company plans to utilize various communication channels, including SEC filings and press releases, for disseminating material information to stakeholders.

Noble Corporation has announced the approval to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol NE, with trading set to begin on June 9, 2021. This move aims to enhance trading liquidity and attract a broader investor base. The company operates a modern fleet of 24 offshore drilling units, focusing on ultra-deepwater and high-specification drilling opportunities worldwide. Noble's CEO, Robert Eifler, emphasized the significance of this listing in positioning the company as a premier investment platform for offshore drilling.

Noble Holding Corporation plc (OTC-PINK: NEBLQ) announced the approval of its Joint Plan of Reorganization by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan, aimed at emerging from bankruptcy, will equitize $3.4 billion in bond debt and secure a $200 million investment through second lien notes, alongside a $675 million secured credit facility. CEO Robert W. Eifler expressed optimism about the future, highlighting the Company's commitment to maintaining operational excellence post-restructuring.

Noble Corporation plc has announced a name change to Noble Holding Corporation plc as part of their Chapter 11 reorganization. This shift allows the new parent company to retain the Noble Corporation name, which is crucial for brand recognition and stakeholder relationships. The name change does not affect current shareholders, and no action is required on their part. Noble operates a modern fleet for offshore drilling, focusing on ultra-deepwater and high-specification jackup drilling globally.

Noble Corporation plc (OTC-PINK: NEBLQ) updated its drilling rig status and contract information as of November 4, 2020. The detailed report, named 'Fleet Status Report,' is available on the Company’s website under the 'Investor Relations' section. Noble operates a modern fleet of 19 offshore drilling units, including 7 drillships and semisubmersibles and 12 jackups, primarily focusing on ultra-deepwater and high-specification jackup drilling opportunities across various global regions.

Noble Corporation plc (OTC-PINK: NEBLQ) will release its third quarter 2020 financial results on November 4, 2020, after market close. A conference call is scheduled for November 5, 2020, at 8:00 a.m. CT, accessible via phone or through the company's website. The replay of this call will be available until December 4, 2020. Noble is a notable offshore drilling contractor, operating a modern fleet of 24 offshore drilling units, focusing on ultra-deepwater and high-specification jackup drilling across global markets.

Noble Corporation plc (OTC-PINK: NE) announced a contract extension for the ultra-deepwater drillship Noble Tom Madden with ExxonMobil for an additional 6.5 years, extending the contract to Mid-August 2030. The previous contract was valid until Mid-February 2024. The updated rig day rate will be assessed biannually, incorporating a scale-based discount and performance bonuses. This agreement aligns the interests of both companies and enhances Noble's investment in local content in Guyana.

Noble Corporation plc announced an update on its drilling rig status and contract information as of September 8, 2020. The updated report, titled "Fleet Status Report," is accessible on the Company’s website under the Investor Relations section. Noble operates a modern fleet of 24 offshore drilling units, including 12 drillships and 12 jackups, focusing on ultra-deepwater and high-specification drilling globally. The Company is based in London, England, and is a prominent player in the offshore drilling industry.

Noble Corporation plc reported a net loss of $42 million, or $0.17 per diluted share, for Q2 2020, with total revenues of $238 million. This quarter included favorable tax benefits of $112 million but was offset by legal contingencies of $54 million. In contrast, Q1 2020 saw a net loss of $1.1 billion on revenues of $281 million, primarily due to unfavorable items. Notably, contract drilling revenues fell to $220 million from $267 million. The company entered Chapter 11 bankruptcy to restructure its $3.4 billion bond debt, with expectations to emerge before year-end with improved liquidity and a stronger balance sheet.