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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...

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Offshore 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...

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Falling 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...

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At “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...

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What’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...

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Noble 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...

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Noble 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...

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From 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....

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Noble 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...

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Noble 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...

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Offshore 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...

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Noble 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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