- Strong financial foundation with approximately $600 million of liquidity and less than $400 million of debt - Contract backlog of over $1.5 billion, spread across high-spec focused fleet - High-spec fleet of 19 rigs with average age of 7 years Noble Holding Corporation plc announced today that on February 5, 2021 it successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 [...]
Noble Holding Corporation plc announced today that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the Company's Joint Plan of Reorganization . The Company is working towards emergence as soon as possible upon receipt of certain regulatory approvals which could be received late this year or early 2021. The Plan received widespread support from creditors and upon [...]
Noble Corporation plc announced today that it has changed its name to Noble Holding Corporation plc to allow the ultimate parent company that emerges from the Chapter 11 reorganization to use the name "Noble Corporation plc" The temporary name change relating to the ultimate parent entity will not affect current shareholders, and no action by shareholders is required. The Company's trading symbol did not change. Robert W [...]
SUGAR LAND, Texas, Nov. 4, 2020 /PRNewswire/ -- Noble Corporation plc today announced that its report of drilling rig status and contract information has been updated as of November 4, 2020. The report, titled "Fleet Status Report," can be found on the Company's Website www.noblecorp.com, under the "Investor Relations" section of the Website. About Noble Corporation plc Noble is a leading offshore drilling contractor for [...]
Noble Corporation plc today reported third quarter 2020 results. Three Months Ended Sept. 30, 2020 Jun. 30, 2020 Sept. 30, 2019 Total Revenue $ 242 $ 238 $ 276 Net Income Adjusted EBITDA* 76 58 68 Adjusted Net Income * 1 Diluted Earnings Per Share Adjusted Diluted Earnings Per Share* - Contract Drilling Services Backlog 1,681 1,359 1,966 * A Non-GAAP supporting schedule is included with the statements and schedules [...]
LONDON, Oct. 12, 2020 /PRNewswire/ -- Noble Corporation plc today announced it plans to report financial results for the third quarter 2020 on Wednesday, November 4, 2020, after the close of trading. Copies of the Company's press release will be available on the Noble Website at www.noblecorp.com. Noble also has scheduled a conference call and webcast related to its third quarter 2020 results on Thursday, November 5 [...]
Noble Corporation plc today announced that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted until Mid-February 2024 and the additional term will extend the rig contract to Mid-August 2030. The rig day rate will be updated at [...]
Noble Corporation plc today announced that Robert W. Eifler, President and Chief Executive Officer, will be participating at the Pareto Energy Conference on Thursday, September 17, 2020. Presentations from this conference are not being webcast; however, a copy of Noble's presentation materials will be available on the Company's Website www.noblecorp.com, under the "Investor Relations" section of the Website. About Noble [...]
Noble Corporation plc today announced that its report of drilling rig status and contract information has been updated as of September 8, 2020. The report, titled "Fleet Status Report," can be found on the Company's Website www.noblecorp.com, under the "Investor Relations" section of the Website. About Noble Corporation plc Noble is a leading offshore drilling contractor for the oil and gas industry. The Company owns and [...]
Noble Corporation plc today announced that Robert E. Eifler, President and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference on Wednesday, September 9, 2020, beginning at 11:05 a.m. U.S. Eastern Daylight Time. A live webcast will be available at the time of the discussion in the "Investor Relations" section of the Company's Website http://www.noblecorp.com. A replay of the presentation will [...]
Noble Corporation plc today reported a net loss attributable to the Company for the three months ended June 30, 2020 of $42 million, or $0.17 per diluted share, on total revenues of $238 million. Results for the second quarter included net after tax favorable items totaling $47 million, or $0.18 per diluted share. These items included a tax benefit totaling $112 million, or $0.44 per diluted share, related to a release of [...]
- Restructuring support agreement provides for elimination of all of the Company's bond debt, which represents over $3.4 billion of debt - Company expects to emerge with new $675 million secured revolving credit facility and $200 million of new investment from existing creditors - Noble operations are continuing without interruption; no impact expected for customers, vendors, or employees - Restructuring implemented [...]