Tag Archives: Noble Corp Spinoff

Noble Axes IPO Plans For Paragon Offshore; Spinoff Planned For Q3

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The market may be hitting new highs, but there are some concerns about the future. Additionally, not every sector has benefited equally from the climb, at least according to Noble Corp (NE). The company’s Chairman/President/CEO David Williams blamed ‘financial market conditions, both generally and with respect to the equity markets for offshore drilling companies’ for the decision to scrap… Read More »

In Too Deep! Noble Corp To Spinoff Older Assets And Focus On Deepwater Drilling

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Noble Corporation (NE) is going deep after announcing plans to spin off a business holding most of its standard specification drilling units. The new company’s assets will include ‘five drillships, three semisubmersibles, 34 jackups, two submersibles, and one FPSO’ and also be responsible for the Hibernia platform operations. Noble will continue to own and operate its high-specification assets, ~35 rigs… Read More »