ShippingWatch

Resurrected Noble Corporation debuts with quarterly deficit

The 100-year-old drilling company Noble Corporation, which left bankruptcy protection in the first quarter, has now been financially restructured and taken over a competitor, delivering a minor deficit as a "newborn" company in the first quarter.

Photo: Colourbox

The experienced US drilling company Noble Corporation, which turned 100 a few weeks ago, has released the first quarterly report after three dramatic months.

The quarterly report shows a deficit of USD 28 million and a revenue of USD 159 million compared to the fourth quarter of 2020, which resulted in a deficit of USD 25 million and a revenue of USD 195 million.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs