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Noble Corporation plc is an offshore drilling contractor organized in London, England. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation. The company operates 24 drilling rigs including eight drillships, four semi-submersible platforms, and 12 jackup rigs. [1]
It was based in Lyngby, Denmark. Established in 1972, the company was a Nasdaq Copenhagen–listed company with the ticket name 'DRLCO'. In November 2021, it was announced that Maersk Drilling would merge with Noble Corporation and that the combined company would be called Noble Corporation, with a valuation of £2.6 billion. [1]
After reporting earnings on Jan. 22, investors continue to sell off shares of Noble Corp due to fears of a cyclical downturn in the previously robust offshore drilling market. The company is busy ...
[10] [11] The company was criticized for taking CARES Act bailout money - intended for small businesses - and, in bankruptcy court, turning it into executive bonuses. [12] [13] In June 2024, offshore drilling contracting company Noble Corporation announced it would acquire Diamond Offshore for $1.6 billion in a cash-and-stock deal. [14]
Noble (NE) is looking to strike it rich with a $2.16 billion acquisition of FDR Holdings, as the offshore drilling contractor seeks to expand its footprint in the mid- and deepwater drilling zones ...
Earnings season has begun for offshore drilling rig owners and what Noble reported is something of a mixed bag for the rest of the industry. Revenue was up 20.8% to $1.17 billion and net income ...
Noble Corp. announced mixed fourth-quarter results last week, with both positive and negative takeaways, though some of the negatives are unlikely to significantly affect the company over the long ...
By the 1970s, Noble Affiliates Inc. was set up as a holding company to own Samedan Oil Corporation and a drilling company, Noble Drilling Corporation. [3] In 1972, Noble Affiliates became a public company via an initial public offering, listing on the then-new National Association of Securities Dealers Automated Quotations . [3] [4] [5] In 1980 ...