Search results for: noble

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  • 12 December 2016
    Exploration & Production

    Offshore drilling contractor Noble Corporation and oil giant Shell have agreed to amend the existing long-term contracts on three ultra-deepwater drillships, including the idling of two in 2017.  In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties, the drilling contractor said on Monday. The contract amendments […]

  • 4 January 2011
    Business & Finance, Project & Tenders

    Noble Corporation  today reported that Marathon Oil Company  has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon’s stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence […]

  • 4 December 2019
    Exploration & Production

    Noble has completed the previously disclosed transaction with Shell relating to the two joint ventures in which Noble and Shell each held a fifty percent interest.

  • 31 October 2019
    Exploration & Production

    Offshore drilling contractor Noble Corporation is in discussions with Shell to receive payout of the Noble Bully II contract and to acquire Shell’s interest in the Bully joint ventures.

  • 25 September 2013
    Business & Finance

    Noble Corporation announced today that its Board of Directors has approved a plan to separate a business comprised of many of its standard specification drilling units, resulting in the creation of two separate and highly focused offshore drilling companies. The drilling units that would be owned and operated by the new company comprise most of the […]

  • 29 July 2010
    Business & Finance

    Noble Corporation  announced that it has closed its acquisition of FDR Holdings Limited (“Frontier”). The acquisition of Frontier, formerly an independent drilling company, and previously announced agreements with Shell increase Noble’s drilling fleet size to 69 from 62 units, with the addition of three dynamically positioned drillships (including two Bully-class joint venture-owned ultra-deepwater rigs under […]

  • 28 November 2010
    Business & Finance

    Noble Energy, Inc.  announced that it received notice from the government of Ecuador regarding the termination of the Block 3 production sharing contract (PSC) with EDC Ecuador Ltd., a subsidiary of Noble Energy. A recently enacted hydrocarbon reform bill required that all existing PSCs be renegotiated as service contracts by November 23, 2010. A service […]

  • 18 December 2015
    Business & Finance, Exploration & Production

    Noble Corporation, an offshore drilling contractor, has received a contract termination for one of its rigs from an oil major Royal Dutch Shell.  According to Noble’s latest fleet status report, Shell has terminated the contract for the drillship Noble Discoverer “for convenience” and will pay Noble for the remaining term at approximately 90% of the […]

  • 17 January 2018
    Business & Finance, Exploration & Production

    Offshore drilling contractor Noble Corporation has found work in Europe and Asia Pacific for two of its jack-up drilling rigs. 

  • 8 May 2020
    Business & Finance, Business developments & projects

    Oil giant Saudi Aramco has suspended the contract for one of Noble Corporation’s offshore drilling rigs.

  • 18 January 2011
    Business & Finance

    Noble Corporation announced that a subsidiary has signed a Letter of Intent (“LOI”) with a subsidiary of Royal Dutch Shell plc for a new five and one-half year drilling contract on a newbuild ultra-deepwater drillship that is expected to commence in the second half of 2013. The companies have agreed to model the drilling contract […]

  • 10 April 2020
    Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy, Project & Tenders

    The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas services market, with offshore drilling contractors among the most affected segments. One of the major drillers, Noble Corporation, has seen its contracts shortened, rigs stacked and put on standby, and day rates slashed.

  • 4 February 2016
    Exploration & Production

    Noble Corporation, an offshore drilling contractor, has reduced its fleet to thirty units after retiring two drilling rigs. In addition, Noble will warm stack two of its ultra-deepwater semi-submersible rigs.  In its 4Q results report on Thursday, Noble said it decided to retire the 1976-built drillship Noble Discoverer and the 1979-built jack-up Noble Charles Copeland, thus reducing […]

  • 11 March 2011
    Business & Finance

      Noble Corporation  announced that it has been awarded contracts for six of its jackup units with Pemex Exploracion y Produccion (“Pemex”) in Mexico. Pending execution of the contracts, the units are expected to commence operations under the following terms: * Noble Bill Jennings: 286 days beginning mid-March 2011 at a dayrate of $99,000 – […]

  • 7 February 2020
    Business & Finance, Exploration & Production

    Offshore drilling contractor Noble Corporation has secured more work for its offshore drilling rigs in Myanmar and Trinidad. 

  • 1 December 2015
    Exploration & Production

    Noble Corporation, a UK-headquartered offshore drilling contractor, might lay off up to 130 employees.  According to the Texas Workforce Commission, the state agency charged with overseeing and providing workforce development services, Noble is planning to reduce its workforce by up to 130 workers starting January 26, 2016. Namely, the contract for Noble’s semi-submersible drilling rig […]

  • 7 February 2012
    Business & Finance

    Noble Corporation, a drilling contractor that celebrates its 91st anniversary in 2012, yesterday announced that Bernie G. Wolford has been named to the position of Senior Vice President – Operations. Wolford will be responsible for increasing Noble’s organizational capabilities, advancing the Company’s culture of safety and ensuring operational excellence throughout the Noble fleet. Wolford will […]

  • 15 April 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Noble Corporation has received a two-year contract extension for a jack-up drilling rig, stacked two semi-subs, and reduced dayrates for two drillships.  In its latest fleet status report, Noble said that the contract for the jack-up drilling rig Noble Hans Deul was extended by Shell from early August 2016 until early August […]

  • 14 December 2018
    Business & Finance, Exploration & Production

    Offshore drilling company Noble Corporation in November painted optimistic outlook about the offshore rig demand, and a month later it said it had secured work for five rigs.

  • 9 December 2014
    Business & Finance

    Offshore Drilling contractor Noble Drilling was charged with environmental and maritime crimes for operating the drillship Noble Discoverer and the drilling unit Kulluk in violation of federal law in Alaska in 2012, the Department of Justice announced. Under the terms of a plea agreement filed in federal court yesterday, Noble will plead guilty to eight […]

  • 7 February 2012
    Business & Finance

    Noble Corporation announced that Bernie G. Wolford has been named to the position of Senior Vice President – Operations. Wolford will be responsible for increasing Noble’s organizational capabilities, advancing the Company’s culture of safety and ensuring operational excellence throughout the Noble fleet. Wolford will report to David W. Williams, Chairman, President and Chief Executive Officer. […]

  • 13 February 2017

    By Anshuman Daga and Sumeet Chatterjee SINGAPORE/HONG KONG (Reuters) – China’s state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader’s global supply chain. Taking a stake […]