Welcome to our dedicated page for Noble Corporation plc news (Ticker: NE), a resource for investors and traders seeking the latest updates and insights on Noble Corporation plc stock.
Noble Corporation plc (NYSE: NE, CSE: NOBLE) is a premier offshore drilling contractor for the oil and gas industry, owning and operating one of the most modern, versatile, and technically advanced fleets in the sector. The company specializes in ultra-deepwater and high-specification jackup drilling opportunities across both established and emerging regions globally. Noble's operations are driven by a high-specification fleet of floating and jackup rigs, deployed in diverse oil and gas basins around the world.
Core Business: Noble provides contract drilling services through its fleet of mobile offshore drilling units. This includes a mix of floaters and jackups designed to meet the rigorous demands of offshore drilling. The company has been a part of the contract drilling industry since 1921, continuously evolving to meet the changing needs of the market.
Recent Achievements: In recent news, Noble has shown robust performance with fourth-quarter 2023 revenue reaching $609 million. The company's integration with Maersk Drilling has been substantially successful, capping a year of strong operational performance. Noble's marketed fleet utilization stood at 68% for the fourth quarter of 2023.
Current Projects & Financial Condition: Noble announced a guidance range for total revenue in 2024 of $2,550 to $2,700 million, with an Adjusted EBITDA range of $925 to $1,025 million. The company's backlog as of February 2024 stands at $4.6 billion, indicating strong future revenue streams. Noble's balance sheet as of December 31, 2023, reflected a total debt principal value of $600 million and cash equivalents of $361 million.
Partnerships & Products: Noble recently entered into a definitive merger agreement with Diamond Offshore Drilling, Inc., enhancing its fleet and market position. This acquisition is expected to be immediately accretive to free cash flow per share, adding significant value to shareholders.
Additional Information: Noble continues to focus on delivering superior services to its clients, supported by its robust and technologically advanced fleet. For more details, visit www.noblecorp.com or email investors@noblecorp.com.
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.
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.
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