Noble Corporation

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Noble Corporation plc
Public limited company
Traded as NYSENE
S&P 600 component
Industry Petroleum industry
Predecessor Noble Drilling Corporation
Founded 1985; 32 years ago (1985)
Headquarters London, main office in Sugar Land, Texas</ref>
Key people
David W. Williams, Chairman & CEO
Adam C. Peakes, CFO[1]
Services Offshore Drilling
Revenue Decrease $2.302 billion (2016)[1]
Increase -$858 million (2016)[1]
Total assets Decrease $11.440 billion (2016)[1]
Total equity Decrease $6.467 billion (2016)[1]
Number of employees
2,100 (2016)[1]
Website www.noblecorp.com

Noble Corporation plc is an offshore drilling contractor based in London, United Kingdom. It is the corporate successor of Noble Drilling Corporation.

Current Operations[edit]

The company operates 28 drilling rigs including 14 semisubmersibles and 14 jackups.[1]

The company provides quarterly updates on the status of its fleet on its website.[2]

In 2016, revenues from Shell Oil accounted for 38% of the company's revenues and revenues from Freeport-McMoRan accounted for 25% of the company's revenues.[1]

History[edit]

In 1985, Noble Affiliates, Inc. (now Noble Energy), distributed its shares in Noble Drilling Corporation to its shareholders via a corporate spin-off and Noble Affiliates began publicly trading on the NASDAQ.

In 2002, the company underwent a restructuring whereby it moved its domicile to the Cayman Islands and established Noble Corporation as the parent holding company.[3]

In early 2009, the company moved its domicile from the Cayman Islands to Switzerland due to the potential for more U.S. taxes on Caribbean tax havens. In 2013, the company moved to the United Kingdom.[4]

In 2010, the company acquired Frontier Drilling in a $2.16 billion cash transaction.[5]

The company was added to the S&P 500 Index in 2011[6] but was removed from the index in 2015.[7]

In 2014, the company distributed its interests in Paragon Offshore plc to its shareholders.[8]

Accidents and incidents[edit]

Noble Discoverer mooring (2012)[edit]

In 2012, the Noble Discoverer drillship, operating under contract for Royal Dutch Shell lost its mooring and drifted close to shore. There were no injuries or environmental damage reported as a result of the accident.[9]

Missing person on Noble Lloyd Noble drilling rig (2017)[edit]

In 2017, an employee went missing on the Noble Lloyd Noble drilling rig.[10]

References[edit]

External links[edit]