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Noble reports further losses in second quarter

Drilling company Noble Corporation booked an adjusted deficit of USD 22 million in the second quarter of 2021 following a financial restructuring in February and exit from Chapter 11.

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While the revenue went up, the second quarter ended in red figures on the bottom line for drilling major Noble Corporation.

Its CEO projects that the company will generate a positive cash flow in the beginning of next year at the earliest, the company states in its second quarter report.

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