Noble Emerges from Chapter 11 Bankruptcy
Offshore drilling contractor Noble has emerged from Chapter 11 bankruptcy after completing a financial restructuring to eliminate $3.4 billion in bond debt. Noble emerges with a substantially delevered...
View ArticleOffshore Drillers Noble and Pacific Drilling to Merge in All-Stock Deal
Offshore drilling contractors Noble Corporation and Pacific Drilling will combine in an all-stock transaction that will see Noble will acquire Pacific Drilling. A definitive merger agreement was...
View ArticleFalling Crane Damages Newbuild Jack-Up at Sembcorp Marine
Offshore drilling contractor Noble Corporation has confirmed that a newbuild jack-up rig nearing completion at the Semcorp Marine Jurong shipyard in Singapore has been damaged after it was hit by a...
View ArticleAt “Bare Bones” Noble Group, Staff Exits and Debt Pose More Risks
By Anshuman Daga and Henning Gloystein SINGAPORE, July 27 (Reuters) – Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to...
View ArticleWhat’s Left of Noble Group as Trader Retreats to Its Asian Roots
By Jasmine Ng (Bloomberg) — It’s the end of an era for Noble Group Ltd. Some three decades after its founding, and from a perch among the world’s top commodity traders, the...
View ArticleNoble Group Faces 11th Hour Oil-Unit Sale as Stock Is Halted
By Jasmine Ng and Lianting Tu (Bloomberg) — Noble Group Ltd. suspended its shares from trading in Singapore on Friday pending the announcement of a major transaction, with the commodity...
View ArticleNoble Group Says Proposed Deals to Sell Four Ships Fall Through
SINGAPORE, Feb 2 (Reuters) – Crisis-wracked commodity trader Noble Group said on Friday said proposed agreements to sell four dry bulk carrier vessels have fallen through after the buyers failed...
View ArticleFrom Trading Titan to Penny Stock: Noble Group Faces Crunch as Creditors,...
By Anshuman Daga and Henning Gloystein SINGAPORE, May 15 (Reuters) – Just seven years ago, Noble Group was a $11 billion-plus Asian commodity powerhouse, trading everything from soybeans to oil....
View ArticleNoble Jack-Up Rig Evacuated Off Trinidad and Tobago
A Noble Corporation jack-up rig was evacuated off the coast of Trinidad and Tobago last week due to a mechanical issue involving one of its legs, the company said in...
View ArticleNoble Corporation to Acquire Diamond Offshore Drilling in a Landmark Deal
Noble Corporation plc and Diamond Offshore Drilling, Inc have announced their decision to merge. As per the agreement, Noble will acquire Diamond in a transaction involving both stock and cash...
View ArticleOffshore Consolidation Continues as Noble Corp Offers $1.6 Billion for Rival...
June 10 (Reuters) – Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a series of buyouts...
View ArticleNoble Corporation Completes $1.6 Billion Acquisition of Diamond Offshore...
Noble Corporation plc (CSE: NOBLE, NYSE: NE) has finalized its $1.59 billion acquisition of Diamond Offshore Drilling, Inc., strengthening its position in the offshore drilling industry. The merger,...
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