Noble Corporation plc - NE STOCK NEWS

Noble Corporation (NYSE:NE) is scheduled to present at the Barclays CEO Energy-Power Conference on September 9, 2021, at 10:20 a.m. ET. CEO Robert W. Eifler will share insights, with materials and a live webcast available on the company's website. Noble operates a modern fleet of 24 offshore drilling units, focusing on ultra-deepwater and high-specification jackup drilling. The company has a long history in offshore drilling, established in 1921.

Noble Corporation (NYSE: NE) provided an update on the Noble Globetrotter II drillship following Hurricane Ida. The vessel remained operational despite weather challenges, with crews receiving necessary support. Initial assessments indicate equipment loss during the storm, but the company is prepared for repairs and retrieval efforts. Noble issued a force majeure notice but expects no financial impact on 2022 guidance. The company holds $10 million insurance for property damage. Safety remains a priority as Noble assists crew and families.

Noble Corporation (NYSE: NE) announced a definitive agreement to sell four jackups to ADES International for $292 million. The transaction is expected to generate approximately $285 million in cash for Noble after fees and expenses, anticipated to close by end of October 2021. The sale will bolster Noble's balance sheet and improve financial flexibility. Updated guidance for 2021 shows adjusted revenue between $870 million to $890 million, with preliminary 2022 guidance set between $975 million to $1.05 billion.

Noble Corporation (NYSE: NE) reported second quarter 2021 results, with total revenue of $219 million, an increase from $238 million year-over-year. Contract drilling services revenue rose to $200 million from $159 million in the previous quarter. Net income stood at $20 million, reversing a loss from last year. Adjusted EBITDA was $10 million, down from $28 million. The contract drilling services backlog is $1.5 billion. Despite operational challenges due to COVID-19, Noble successfully integrated acquired Pacific Drilling assets and is on track for synergy realization by Q3 2021.

Noble Corporation plans to report its second quarter 2021 financial results on August 3, 2021, after market close. A conference call to discuss these results is scheduled for August 4, 2021, at 8:00 a.m. CT. Interested listeners can join via phone or webcast. A replay will be available from August 4 to September 1, 2021. The company, a key player in the offshore drilling sector, emphasizes its commitment to sharing material information through various channels, including its website and SEC filings.

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.