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Noble Corporation plc reports news around its offshore contract drilling business for the oil and gas industry. Company updates focus on operating and financial results, contract drilling services revenue, new rig contracts, backlog, dividends, capital spending guidance, and fleet status across ultra-deepwater and high-specification jackup drilling opportunities.
Noble's recurring announcements also cover changes to its offshore rig portfolio, including completed jackup rig divestitures, rig reactivations, extensions for named rigs, and customer demand across established and emerging offshore basins worldwide. The company provides contract drilling services through subsidiaries using mobile offshore drilling units deployed for integrated, independent, and government-owned oil and gas customers.
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.
Noble Corporation plc (NYSE: NE) has entered a restructuring support agreement with major bondholders to significantly reduce its debt exceeding $3.4 billion through a comprehensive financial restructuring. A $200 million investment from bondholders will support this transition, along with a $675 million secured revolving credit facility. The company filed for Chapter 11 bankruptcy, aiming to emerge by year-end with improved liquidity and a focus on future growth. Noble confirmed operations will continue uninterrupted during the restructuring process.
Noble Corporation plc (NYSE: NE) updated its Fleet Status Report on July 9, 2020, providing the latest information on its drilling rig status and contract details. The report aims to inform investors about the company's operational capabilities and fleet performance. Noble operates a modern fleet comprising 24 offshore drilling units, including 12 drillships and semisubmersibles, and 12 jackups, primarily targeting ultra-deepwater and high-specification drilling opportunities. Further details can be accessed on the official website.
Noble Corporation plc (NYSE: NE) has announced it will report its second quarter 2020 financial results on August 5, 2020, following the close of trading. A conference call and webcast will follow on August 6, 2020, at 8:00 a.m. CDT. Interested parties can participate via phone or through a link on the company’s website. The replay of the call will be available the same day starting at 12:00 p.m. CDT until September 5, 2020. Noble is recognized as a leading offshore drilling contractor with a diverse fleet of 24 units.