Noble Corporation

Noble Corporation plc
Public limited company
Traded as NYSE: NE
S&P 600 component
Industry Petroleum industry
Predecessor Noble Drilling Corporation
Founded 1985 (1985)
Headquarters Organized in London
Main office in Sugar Land, Texas
Key people
 Julie J. Robertson, Chairman, President & CEO
Adam C. Peakes, CFO
Services Offshore Drilling
Revenue Decrease $1.236 billion (2017)
Increase -$516 million (2017)
Total assets Decrease $10.794 billion (2017)
Total equity Decrease $5.950 billion (2017)
Number of employees
 2,000 (2017)
Website www.noblecorp.com
Footnotes / references
[1]

Noble Corporation plc is an offshore drilling contractor organized in London, United Kingdom. Its affiliate, Noble Corporation, is organized in the Cayman Islands. It is the corporate successor of Noble Drilling Corporation.

Current Operations

The company operates 28 drilling rigs including 8 drillships, 6 Semi-submersible platforms and 14 jackup rigs.[1]

In 2017, revenues from Royal Dutch Shell accounted for 45.0% of the company's revenues, revenues from Statoil accounted for 13.2% of the company's revenues, and revenues from Saudi Aramco accounted for 11.4% of the company's revenues.[1]

History

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.[2]

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.[3]

In 2010, the company acquired Frontier Drilling in a $2.16 billion cash transaction.[4]

The company was added to the S&P 500 Index in 2011[5] but was removed from the index in 2015.[6]

In 2014, the company distributed its interests in Paragon Offshore plc to its shareholders.[7]

Accidents and incidents

Noble Discoverer mooring (2012)

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.[8]

Missing person on Noble Lloyd Noble drilling rig (2017)

In 2017, an employee went missing on the Noble Lloyd Noble drilling rig.[9]

References

  1. 1 2 3 "Noble Corporation plc 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ↑ "Noble Drilling Corporation Approves Corporate Restructuring". PR Newswire. January 31, 2002.
  3. ↑ Reddall, Braden (July 1, 2013). "Noble Corp changing countries again, this time to UK". Reuters.
  4. ↑ "Noble Corporation Enters Into Agreement to Acquire Frontier Drilling and Strengthens Key Strategic Relationship". PR Newswire. June 28, 2010.
  5. ↑ "S&P 500 Reshuffling To Include Noble Corp". Forbes. January 12, 2011. Retrieved 6 July 2012.
  6. ↑ "PayPal Holdings Set to Join S&P 100 & 500; Others to Join S&P MidCap 400 and S&P SmallCap 600". PR Newswire. July 14, 2015.
  7. ↑ "Noble Corporation Completes Spin-Off Of Paragon Offshore". PRNewswire. August 4, 2014.
  8. ↑ D'ORO, RACHEL (July 17, 2012). "Shell Oil ship mishap in Alaska fuels concerns". Stuff.co.nz.
  9. ↑ "Search for man missing from Noble Lloyd Noble drilling rig scaled back". BBC News. May 10, 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.