Noble Corporation plc - NE STOCK NEWS

Noble Corporation (NYSE: NE) is moving forward with its voluntary public share exchange offer for shareholders of Maersk Drilling in connection with their agreed business combination. This exchange offer is aligned with the Danish Takeover Order and has received approval from the Danish Financial Supervisory Authority. Major shareholders of Maersk Drilling, holding over 50% of shares, have expressed their intention to accept the offer. The transaction aims to create a leading offshore drilling entity, enhancing capabilities and shareholder value.

Noble Corporation announced the appointment of Ian Macpherson as the new Vice President of Investor Relations, effective August 1, 2022. Macpherson brings 18 years of experience from Piper Sandler, specializing in the global oil field services sector. His expertise is expected to enhance Noble's connection with the investment community as the company aims for further growth. Noble is a leading offshore drilling contractor, engaged in providing contract drilling services since 1921, with a focus on ultra-deepwater and high-specification jackup drilling.

Noble Corporation (NYSE: NE) announced its plans to report second quarter 2022 financial results on August 8, 2022, after market close. A related conference call will be held the following day at 8:00 a.m. U.S. Central Time, with participation details provided. The company is recognized as a leading offshore drilling contractor, owning a modern and advanced fleet for ultra-deepwater and high-specification jackup drilling. Interested parties can find additional information on Noble's official website.

Noble Corporation (NYSE: NE) announced an agreement to sell five jackup rigs for $375 million to a subsidiary of Shelf Drilling, pending UK Competition and Markets Authority approval. This sale aims to mitigate concerns from the CMA regarding the proposed merger with Maersk Drilling. The transaction includes notable rigs like Noble Hans Deul and Noble Sam Hartley. Following the sale, Noble will continue drilling operations for Noble Lloyd Noble under a charter arrangement until Q2 2023. The sale is expected to close after the merger's completion.

Noble Corporation (NYSE: NE) announced that shareholders approved all proposals related to its business combination with The Drilling Company of 1972 A/S (Maersk Drilling) during an Extraordinary General Meeting held on May 10, 2022. Approximately 99% of votes favored the Transaction, initially announced on November 10, 2021. The completion of the deal is subject to an exchange offer acceptance by at least 80% of Maersk Drilling shares and other regulatory approvals. A full voting results report will be filed with the SEC.

Noble Corporation (NYSE: NE) and Maersk Drilling provided an update on their merger announced on November 10, 2021. The UK Competition and Markets Authority determined that the merger could substantially lessen competition for jack-up rigs in North West Europe. To address this, the companies proposed divesting certain rigs, including Noble Hans Deul and Noble Sam Hartley. The UK CMA indicated a possibility of accepting one proposal. The completion of the merger is still uncertain but is anticipated by mid-2022, with financial synergies goals remaining unchanged.

Noble Corporation (NYSE: NE) reported a revenue increase to $210 million in Q1 2022, up from $208 million in Q4 2021. The backlog rose to $1.9 billion, reflecting a strong operational performance, including successful operations of the Noble Gerry de Souza in Suriname. Adjusted EBITDA guidance has improved to $320-$350 million for 2022. However, net loss for Q1 was $37 million. The merger with Maersk Drilling is pending UK clearance and may require divestiture of certain rigs to address antitrust concerns.

Noble Corporation (NYSE: NE) plans to announce its first quarter 2022 financial results on May 2, 2022, after the market closes. A conference call is scheduled for May 3, 2022, at 7:30 a.m. CT, where investors can dial in using conference ID 31391. With a fleet of 19 offshore drilling units, including 11 drillships and 8 jackups, Noble is a major player in the offshore drilling sector, focusing on ultra-deepwater drilling opportunities. Details will be available on their website.

Noble Corporation (NYSE: NE) and Maersk Drilling (CSE: DRLCO) updated on their merger control process following the November 10, 2021 announcement. The transaction is approved in Brazil, Norway, and Trinidad & Tobago, with pending clearances from Angola and the UK. The UK Competition and Markets Authority (CMA) is reviewing the deal, and divestment of certain North Sea jackup rigs may be necessary for approval. The companies maintain cost synergy goals and do not plan to alter the agreed exchange ratio. Anticipated completion remains mid-2022.