Noble Corp.
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The two Houston area-based companies have struck an agreement valued at almost $1.6 billion. -
Combination announced last November must still gain clearance from authorities in the UK and Denmark.
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Union of rival contract drillers will create one of the largest offshore rig companies.
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Damage reports and spill issues surface as operators work to bring production from the GOM back on line.
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Citing impacts from COVID-19, Noble Corp. is entering into a prearranged agreement with its bondholders that will give it a fresh start with a new line of credit.
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While the slowdown offshore persists, this 96-year-old drilling outfit says that sharing its high-tech simulators with more of its clients will strengthen the business.
