Investments
2Partners & Customers
10About Noble
Noble (Nasdaq: NDAQ) is an offshore drilling contractor. It owns and operates an offshore drilling fleet, focusing on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. The company was founded in 1921 and is based in Sugar Land, Texas.
Latest Noble News
Dec 1, 2023
nielubieklonu/iStock via Getty Images Noble Corp. (NYSE: NE ) +1.2% in Friday's trading as Susquehanna initiated coverage with a Neutral rating and $52 price target, praising the offshore driller's concentration of ultra-deepwater assets that are highly in demand in the current market. The offshore drilling market is thriving, with the industry at its highest level of utilization since 2014, Susquehanna's Charles Minervino said, as favorable commodity prices and a broad push towards global energy security have stimulated a new cycle in ultra-deepwater drilling. Noble ( NE ) has participated in the wave, growing EBITDA from $376M in 2022 to an estimated $807M in 2023, and Minervino forecasts additional asset utilization and rising pricing contributing to a ~20% EBITDA compound annual growth rate during the 2023-25 timeframe. While the analyst sees potential for additional upside for out-year dayrate assumptions, "this is countered by concerns that economic uncertainty could impact crude demand," and Noble's ( NE ) valuation largely reflects the favorable prospects for EBITDA growth in coming years for 2024.
Noble Investments
2 Investments
Noble has made 2 investments. Their latest investment was in X2 Resources as part of their Private Equity - II on April 4, 2014.
Noble Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/2/2014 | Private Equity - II | X2 Resources | $2,000M | No | TPG Capital, and Undisclosed Investors | 1 |
9/30/2013 | Private Equity |
Date | 4/2/2014 | 9/30/2013 |
|---|---|---|
Round | Private Equity - II | Private Equity |
Company | X2 Resources | |
Amount | $2,000M | |
New? | No | |
Co-Investors | TPG Capital, and Undisclosed Investors | |
Sources | 1 |
Noble Acquisitions
3 Acquisitions
Noble acquired 3 companies. Their latest acquisition was Maersk Drilling on November 10, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/10/2021 | Merger | 5 | ||||
3/25/2021 | ||||||
8/10/2001 |
Date | 11/10/2021 | 3/25/2021 | 8/10/2001 |
|---|---|---|---|
Investment Stage | |||
Companies | |||
Valuation | |||
Total Funding | |||
Note | Merger | ||
Sources | 5 |
Noble Partners & Customers
10 Partners and customers
Noble has 10 strategic partners and customers. Noble recently partnered with PETRONAS on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
7/7/2023 | Client | Malaysia | 1 | ||
5/12/2023 | Client | Brazil | Shell and Petrobras book Noble’s drillships `` We are delighted to have secured this contract which will see a Noble Corporation drillship reenter Brazilian waters and marks our first collaboration with Petrobras in many years , '' said Robert Eifler , President and CEO of Noble Corporation . | 2 | |
5/3/2023 | Client | Australia | Australian Operations Continue: INPEX Extends Noble Deliverer Rig Contract Noble Corp. Faye Kozack - 910-day contract with Petrobras to perform drilling operations at the BM-S-11 and Tupi fields offshore Brazil . | 1 | |
2/22/2023 | Client | ||||
1/12/2023 | Partner |
Date | 7/7/2023 | 5/12/2023 | 5/3/2023 | 2/22/2023 | 1/12/2023 |
|---|---|---|---|---|---|
Type | Client | Client | Client | Client | Partner |
Business Partner | |||||
Country | Malaysia | Brazil | Australia | ||
News Snippet | Shell and Petrobras book Noble’s drillships `` We are delighted to have secured this contract which will see a Noble Corporation drillship reenter Brazilian waters and marks our first collaboration with Petrobras in many years , '' said Robert Eifler , President and CEO of Noble Corporation . | Australian Operations Continue: INPEX Extends Noble Deliverer Rig Contract Noble Corp. Faye Kozack - 910-day contract with Petrobras to perform drilling operations at the BM-S-11 and Tupi fields offshore Brazil . | |||
Sources | 1 | 2 | 1 |
Noble Team
2 Team Members
Noble has 2 team members, including former President, David Mannon.
Name | Work History | Title | Status |
|---|---|---|---|
David Mannon | Stallion Oilfield Services, and Parker Drilling | President | Former |
Name | David Mannon | |
|---|---|---|
Work History | Stallion Oilfield Services, and Parker Drilling | |
Title | President | |
Status | Former |
Compare Noble to Competitors
Borr Drilling (OTCMKTS:BDRLF) is an international drilling contractor to the oil gas industry, aimed at acquiring and operating modern drilling assets.
Transocean (NYSE: RIG) is an international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Transocean is based in Steinhausen, Switzerland.
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